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Deep & Emerging Tech·April 22, 2026·1 min read

Blackstone’s AirTrunk Plans Its First Data Center-Backed Bond

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Data centers are now bond collateral—AirTrunk’s A$500M asset-backed deal turns AI-era compute into a securitized yield product. For operators, this means your colo and power contracts are feeding into fixed-income models, not just cloud P&Ls, tightening scrutiny on utilization and long-term offtake.