Rabobank plans to bundle and sell $500 million in data center loans

According to foreign media reports, ING Group is planning to sell a data center loan portfolio worth approximately $500 million in a single transaction. Insiders say that the loan portfolio includes a $25 million loan associated with a large data center in New Mexico, which is part of the artificial intelligence infrastructure project Stargate supported by OpenAI, SoftBank Group, and Oracle.

ING is seeking buyers for 12 loans in this batch through a competitive bidding process. The loan portfolio also includes debt related to data center operators Vantage Data Centers and CyrusOne. This sale comes at a time when chip manufacturers and so-called "new cloud" companies are facing a broader sell-off.