SE Cosmos LLC markets $999 million bonds for SoftBank Austin data center project

1 articles · Updated · Bloomberg · Apr 29

The five-year high-yield notes are being offered for a data center leased to a SoftBank Group subsidiary in Austin, Texas.
Morgan Stanley and Nomura Holdings are managing the deal, with an investor call scheduled for Wednesday morning Eastern time.
This bond sale aims to gauge investor demand for artificial intelligence-related assets, following a series of similar financing deals in the sector.

Is SoftBank's massive debt-fueled AI gamble becoming too risky for investors?

Is the trillion-dollar rush to build AI data centers an inflatable bubble?

Can the Texas power grid handle the AI data center boom without blackouts?

How will concentrating AI's physical power in Texas affect US national security?

Is the AI infrastructure gold rush creating a hidden environmental crisis?