SoftBank-Tied Deal Raises Nearly $1 Billion for US Data Centers

AI summary

(Bloomberg) -- A data-center developer sold $999 million of junk bonds for a project leased to a SoftBank Group Corp. subsidiary, capping April’s surge of debt issuance to help fund artificial intelligence efforts amid some concerns that such spending won’t pay off.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingTrump Fam