BLACKSTONE'S AIRTRUNK EYES FIRST DATA CENTER BOND

The move marks a significant step for AirTrunk as it seeks to fund expansion across the region's growing data center market. Asset-backed securities allow companies to leverage their physical infrastructure—in this case, data centers—as collateral for bond issuances. Asia's data center sector has surged due to rising cloud adoption, AI deployment, and increased demand for computing power. AirTrunk operates facilities across key markets including Australia, Singapore, and India. The bond offering, if successful, could open a new financing avenue for Asia's data center operators, historically reliant on equity raises and traditional lending. It also signals investor confidence in the sector's cash-generating potential. Blackstone acquired a majority stake in AirTrunk in 2021 and has since positioned the company as a regional powerhouse competing with global operators like Equinix and Digital Realty.