AirTrunk is preparing to tap Australia’s corporate bond market in a first for the fast-growing data centre sector, and as investors brace for a flood of artificial intelligence businesses to raise debt locally.
The Blackstone-owned data centre operator, which is valued at over $24 billion, has been sounding out international and Australian investors with plans to issue asset-backed securities in the first half of this year as it moves to expand its debt funding options beyond the major banks.