Another day, another hyperscaler scrambling to raise capital.<\/p>\n
Just one week after Meta tapped shareholders for up to $95 billion, when we said, well, the obvious…… and just days after Microsoft ended a nearly three-month drought in Big Tech bond issuance with a $25 billion deal, it’s Oracle’s turn. According to Bloomberg, Oracle (ORCL) this morning launched a $10 billion, six-part sale of US investment grade bonds<\/strong>, with maturities from two to 20 years. Initial price talk on the longest tranche is about 3.6 percentage points over Treasuries<\/strong>.<\/p>\n https:\/\/www.zerohedge.com\/markets\/5-days-later-oracle-slides-after-blowing-through-entire-four-year-hard-cap-one-morning-20bn<\/a><\/p>\n Intel, Amazon, Broadcom, Microsoft, Alphabet and SpaceX default swaps all hit records on Friday. The investment grade CDS index? It finished the week 1.5bps tighter.<\/p>\n https:\/\/www.zerohedge.com\/markets\/hedge-stopped-hedging-ai-default-swaps-hit-records-goldman-finds-credit-cracking-everywhere<\/a><\/p>\n <\/p>\n This is all going to make one hell of a “thump”<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Last Wednesday Goldman’s trading desk said Oracle had “de-risked the AI infrastructure build.” This morning Oracle used up its four-year funding cap before the opening bell: $20 billion. Another day, another hyperscaler scrambling to raise capital. Just one week after … Continue reading AND<\/h3>\n
PAYWALLED — The Hedge That Stopped Hedging: AI Default Swaps Hit Records As Goldman Finds Credit Cracking Everywhere Except The Index<\/h4>\n