ING said to sell $500M data center loan portfolio backing Stargate, CyrusOne
toomuchtodo · hn · 2026-11-06
According to Bloomberg, ING is reportedly the mystery seller of a $500 million data center loan portfolio whose collateral is tied to OpenAI's Stargate project and data center operator CyrusOne.
The sale signals that financial institutions are starting to reposition their credit exposure to the AI data center boom, drawing attention to how major banks are assessing the risks behind the buildout.
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