Google affiliated company plans to issue $5.7 billion in junk bonds to support data center construction.

The data center associated with Google is seeking to finance $5.7 billion through the issuance of junk bonds, which is expected to be the largest similar financing transaction in the artificial intelligence expansion wave. According to sources familiar with the matter, Morgan Stanley has launched marketing on Wednesday, and is expected to price these notes as early as this week. The source added that the funds raised will be used to build two data centers in a park in Sullivan County, Indiana. These facilities will be leased to cloud computing startup Fluidstack, with backend support provided by Google. Data shows that this transaction is not only the largest dollar junk bond for data centers, but also the largest ever such bond dominated by a single Wall Street institution.