BlackRock's $12.5B AI Data Center Bond Prices at 7.53% Amid Weak Demand
BlackRock's $12.5 billion bond sale for the Meta-BlackRock Texas Data Center Complex priced at an elevated 7.53% yield after weak investor demand. Credit-default swaps on major AI-linked companies rose at the same time, signaling bond investors are pricing in more risk than equity markets currently reflect.
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