“We basically tapped every single project finance bank possible, but there are only so many banks,” said a banker familiar with Oracle’s fundraising. “ #Banks will have to offload that risk if they want to keep lending.”
Financial Times https://finance.yahoo.com/news/banks-seek-buyers-oracle-data-050026890.html
@obtener oh great reading between the lines theyre saying they can get pension funds to crash on the bad debts.
"These ratings, which are relatively rare for infrastructure construction loans, have allowed banks to attract a much broader base of investors than usual for project finance debt.
"Getting investment-grade ratings for data centre construction loans was “transformational” as it opens up a new pool of institutional money that previously saw these assets, ... as too risky,
