Published Mon, Jul 20, 2026 · 11:29 PM
[WASHINGTON] BlackRock is looking to sell more than US$12 billion of bonds to help finance a data centre campus in El Paso, Texas, according to people with knowledge of the transaction, the latest in a string of debt deals helping to fund tech companies’ massive investments in artificial intelligence.
The bonds are being sold by a company owning BlackRock’s 80 per cent stake in Project Sopaipilla Holdings, the data centre project that is also 20 per cent owned by Meta Platforms. That company with the 80 per cent stake has mandated JPMorgan Chase and Morgan Stanley to arrange fixed income investor calls on Wednesday, according to the people, who asked not to be identified as they’re not…