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ING Seeks Buyers for $500 Million in Data Center Loans Amid AI Debt Concerns

By ChordNews · First written

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Summary

Dutch bank ING is looking to sell roughly $500 million of data center loans, as fears that a Democratic sweep in the US midterm elections could stall many such projects triggered a market rout. ING is reportedly seeking bids on about $500 million across 12 data center loans, including debt tied to a New Mexico Stargate site, as concerns about AI debt grow.

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that Dutch bank ING is looking to sell roughly $500 million of data center loans, as fears that a Democratic sweep in the US midterm elections could stall many such projects triggered a market rout.

  2. CNBC

    Source ↗

    CNBC reports that ING is reportedly seeking bids for about $500 million across 12 data center loans, including debt tied to a New Mexico Stargate site, as AI debt concerns grow.

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