Blackstone's AirTrunk seeks $358 million bond

Blackstone Inc.-owned data center operator AirTrunk Pte. is planning to issue asset-backed bonds to raise at least A$500 million, equivalent to $358 million. This potential issuance could mark one of the first data center-backed bond offerings in the Asian market. The move signals AirTrunk's strategy to leverage its infrastructure assets for financing, potentially tapping into a new source of capital to fund its operations and expansion within the rapidly growing data center sector.