ING puts $500 million of data-center loans up for sale, Bloomberg News reports (updated)

ING Groep

06/11/2026 03:33

Adds ING's response in paragraph 5
Nov 5 (Reuters) - Dutch lender ING INGA.AS is putting up for sale about $500 million portfolio of data-center loans all at once, Bloomberg News reported on Thursday, citing people familiar with the matter.
This includes a $25 million loan tied to a large New Mexico data center that forms part of the Stargate AI infrastructure venture backed by OpenAI, SoftBank Group 9984.T and Oracle ORCL.N, the report said.
The portfolio also includes debt linked to data center operators such as Vantage Data Centers and CyrusOne, the report said, with bids due on November 19 for at least $10 million in size.
ING is seeking bids for a dozen loans through a so-called bids-wanted-in-competition process, according to the report. 
ING declined to comment when contacted by Reuters.
The sale comes after a broader selloff that hit chipmakers and so-called neocloud companies particularly hard as Democrats' sweeping victory in the US midterms fanned fears of tougher regulation of the technology.
The selloff ​erased $3 trillion in market value from S&P 500 companies. Data center operators Applied Digital APLD.O, Cipher Digital CIFR.O and IREN IREN.O tumbled more than 14% each.
   

 (Reporting by Preetika Parashuraman in Bengaluru; Editing by Subhranshu Sahu)
 ((Preetika.Parashuraman@thomsonreuters.com;))