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BlackRock plans over US$12 billion bond sale for Texas data centre financing
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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.
Source report
BlackRock Eyes More Than US$12 Billion Debt for Texas Data Centre
WASHINGTON – BlackRock is seeking to sell more than US$12 billion in bonds to help finance a data centre campus in El Paso, Texas.
The move is the latest in a series of large-scale debt deals aimed at funding tech companies’ massive investments in artificial intelligence infrastructure.
Photo: REUTERS
Source
The Business TimesWestern
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BlackRock seeks over $12B in bonds for Meta AI data center in Texas