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Pimco says it sold down AI data-centre debt before market pullback

NewsFeeds update

Pimco cut its holdings in Meta's roughly $18bn Louisiana data-centre debt and Oracle's roughly $10bn Michigan financing by about 50% each, selling about $3bn of Meta bonds above par, Bloomberg reported. It also passed on later AI-related deals, including about $11bn of SoftBank junk bonds.

AIOdailyAINeutral

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.