Market Chatter: Barclays Seeks Default Protection for Over $10 Billion of Debt to Finance AI Infrastructure

MT Newswires Live10-28 23:48

Barclays (BCS) has been assessing interest among insurers in recent weeks as it looks to buy default protection on over $10 billion of debt to finance artificial intelligence infrastructure, Bloomberg reported Wednesday, citing people familiar with the matter.

The talks are exploratory and no final decisions have been made on the timing and size of any deals, the people reportedly said.

Barclays didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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