ING Sells 500 Million Data Center Loan Portfolio
Dutch lender ING is reportedly offering a 500 million dollar portfolio of data center loans for sale. The package includes debt tied to major infrastructure projects like the OpenAI backed Stargate AI venture. Bids for the dozen loans are due by November 19.
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ING Groep is offering a $500M portfolio of data-center loans for sale, according to Bloomberg News reports on Thursday morning. The Dutch lender is marketing the debt through a competitive bidding process with a November 19 deadline. The divestment unfolds during a broader tech sector pullback that erased $3T in market value from S&P 500 companies.
