7/105 sources · 4 publishersUpdated Nov 6, 19:15 UTC
ING launches auction to sell $500 million data‑center loan portfolio
Dutch bank ING announced a bids‑wanted‑in‑competition auction to sell a portfolio of 12 data‑center loans valued at about $500 million. The sale includes a $25 million loan tied to the Stargate AI project in New Mexico and loans to Vantage Data Centers and CyrusOne. Bids of at least $10 million must be submitted by 19 November.
Why it matters
The auction lets ING transfer credit risk from its balance sheet to investors, potentially freeing capital for other lending. Buyers can acquire the loans at a discount, gaining exposure to AI‑related infrastructure debt.
Key facts
- 1ING is seeking to sell a portfolio of 12 data‑center loans worth around $500 million. cnbc.com
- 2The portfolio includes a $25 million loan linked to the Stargate AI project in New Mexico. dealstreetasia.com
- 3Loans to Vantage Data Centers and CyrusOne are also part of the sale. finance.yahoo.com
- 4The auction will use a BWIC process with minimum bid sizes of $10 million. cnbc.com
- 5Bids are due by 19 November. cnbc.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.