NextDC has been forced to reassure bondholders it has enough funding to get its data centre developments back on track, as jittery global funding markets threaten to stall a $155 billion pipeline in Australia and put at risk billions of dollars invested in the booming artificial intelligence industry.
Borrowing costs for the country’s largest data centre operator and its smaller rivals like CDC Data Centres, which is part-owned by the Future Fund, have soared over the last two weeks amid growing concerns about the cost of heavy spending on AI infrastructure and who will finance it.
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