Daiwa issues more junk bonds for Google-related projects.

A developer associated with Alphabet's Google company is planning to issue $1.28 billion, five-year junk bonds to partially finance a data center project. According to sources, the deal is led by Morgan Stanley and the pricing yield for the bonds is expected to be around 7.25%. The background of this issuance is that investors are becoming increasingly concerned about the financial foundation of the AI "gold rush" as much of the expansion in this field is heavily reliant on borrowing.