Debt sold by a venture building a data center to be leased by Jane Street has quickly soured in secondary trading, according to Financial Industry Regulatory Authority data. Yields on the bonds have risen to around 11.3%, more than 2 percentage points above where the debt first sold in August. The deterioration has been sharper than for other recently issued AI data center bonds, with investors demanding far higher compensation to hold them versus government debt. Jane Street, a Wall Street trading firm, has become known for sizable AI-related spending, including big cloud deals and investments in neocloud CoreWeave.
Related Articles
Don't miss out on breaking stories and in-depth articles.