BlackRock's $12.55 Billion Meta Data Center Bonds Rally at 7.534% Yield
Updated
Updated · Bloomberg · Jul 28
BlackRock's $12.55 Billion Meta Data Center Bonds Rally at 7.534% Yield
3 articles · Updated · Bloomberg · Jul 28
Summary
$12.55 billion of BlackRock bonds tied to a Meta Platforms data center in El Paso rallied in early trading Monday, easing fears the AI-linked financing would stumble.
A 7.534% yield helped pull in buyers, giving the investment-grade debt pricing more typical of junk-bond offerings.
JPMorgan Chase and Morgan Stanley led the sale, which finances the Texas project and stands out as a major test of investor appetite for large AI infrastructure debt.