Barclays: The issuance of data center bonds is expected to further rise.

Barclays credit analysts stated in a report that as AI companies seek funding for large projects, the issuance of new data center bonds is expected to continue increasing. These analysts noted that from the beginning of the year to the present, the supply of new data center bonds in the US dollar credit market has increased by $50.9 billion compared to 2025's $35.9 billion. "Considering data center reserve projects and the refinancing of existing bonds/loans, the issuance of data center bonds is expected to continue to rise."