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Stock impact report

Data center frenzy stoked by high-yield bond binge [Yahoo! Finance]

Janus Henderson Group plc Ordinary Shares (JHG) 
Last janus henderson group plc ordinary shares earnings: 4/30 04:00 am Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4147331
Company Research Source: Yahoo! Finance
risk, the unanswered question of whether demand will justify the capital that is being committed. Then Meridian Arc Holdco came to market with a $5.7 billion, five-year bond deal , the largest AI-driven financing ever placed in the high-yield market, and drew nearly $20 billion in orders. The market, it seems, had its own answer. The bond market's AI moment “Even we were surprised,” said Mike Talaga, who runs credit research at Janus Henderson Investors, a firm that has been heavily invested in AI infrastructure debt since the early days of the trade. “Pricing at 6.25% and still having a book that was three-to-four times a deal of that size was, I think, a telling moment for the market this year.” Meridian, a joint venture created by Next Frontier and FluidStack-owned entities, rewrote assumptions about the breadth and depth of the investor base. Investment-grade investors were seen snapping up the double-B rated bonds at a spread of T+233 — far above five-year investment-grade Show less Read more
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