BlackRock plans over US$12 billion bond sale for Texas data centre financing

Published Jul 20, 03:29 PM UTC

BlackRock is planning to sell over US$12 billion in bonds to finance a data center campus in El Paso, Texas. This represents one of the largest debt deals tied to the growing demand for artificial intelligence infrastructure. The financing is part of a broader trend where major asset managers and tech companies are raising massive capital to build data centers to support AI workloads. The El Paso campus is expected to be a significant facility, reflecting the scale of investment required for next-generation computing. The bond sale would be among the largest corporate debt offerings for a single project, highlighting the capital-intensive nature of AI infrastructure development.