Home › News › Oracle

AI debt concerns grow as ING reportedly seeks buyers for $500 million of data center loans

Image: CNBC

ING is reportedly seeking buyers for a portfolio of 12 data center loans worth around $500 million, joining a broader push by banks to distribute credit risk tied to the artificial intelligence infrastructure build-out.

The auction is said to include a $25 million piece linked to the Stargate project in New Mexico, which involves OpenAI, SoftBank and Oracle, as well as certain other loan assets involving Vantage Data Centers and CyrusOne, Bloomberg reported Friday, citing people familiar with the matter.

ING will hold a bids-wanted-in-competition, or BWIC, auction process, with bids sized at $10 million or more due by Nov.

Continue reading at CNBC

This page shows only an excerpt. The full story is published by CNBC.

Related tickers

More news View More

OJK soal Gadai Saham Haji Isam ke Mandiri: Diperbolehkan

CNN Indonesia · 21m ago

60% Impor Minyak dari Timur Tengah, ASEAN Perlu Perkuat Ketahanan Energi

Liputan6 · 26m ago

Dirut KAI Bobby Rasyidin Angkat Bicara Usai KPK Sita Uang Rp 2 Miliar

Liputan6 · 36m ago

AI stocks hammered by midterm shock as data center buildout becomes a 'war of attrition'

CNBC · 37m ago

ASEAN Rampungkan Perjanjian Ekonomi Digital di KTT Filipina

Liputan6 · 41m ago

Small retailers brace for 'huge hit' this holiday season as shipping costs spike

CNBC · 41m ago

Moderna raises 2026 outlook as CEO says newer vaccines are gaining traction

CNBC · 45m ago

Pengusaha Minta Bank Swasta RI Jadi Tempat Parkir DHE, BI Menjawab!

CNBC Indonesia · 46m ago