CoreWeave 2032 bonds fall below 85 cents, yields near 15% on AI borrowing worries
rohanpaul_ai · x · 2026-10-15
Per Bloomberg, CoreWeave's unsecured 2032 bonds fell below 85 cents on the dollar — a level usually signaling distress — with yields near 15% amid concern about the AI borrowing binge.
The notes are $1.25B of 9.625% senior debt sold in June, marked down sharply within just 4 months of issuance. Shares dropped as much as 17% on the day, though the stock remains more than 60% above its March 2025 IPO price.
Related event: CoreWeave bonds yield 15.1% as AI compute debt selloff deepens(15 posts)→
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