● FundingOct 31, 2026 · 12:378 sources
CoreWeave and Nebius Shut Out of Bond Market as Lenders Tighten AI Credit
From marketbrief.now
AI;DR
CoreWeave, Nebius, and Nscale have been barred from securing new funding through corporate bond offerings as lenders impose stricter terms, with CoreWeave's unsecured notes yielding over 15% and its credit default swap spread climbing above 11%. The credit tightening extends to the broader data center sector, where at least 18 current deals require annual returns of more than 10%, while weekly hedge volume for AI assets grew from under $2B in July to over $9B in September amid a record $419B in AI-related bonds issued this year.
Read originalSign in to suggest
Sources
+ 7 more
- SUPPORT@hedgiemarkets“At least 18 data center deals now have to pay lenders more than 10% a year.”x.com
- SUPPORT@milkroadai“$CRWV unsecured notes due 2031 and 2032 now yield more than 15%.”x.com
- SUPPORT@amanda_goodall“Weekly hedge volume went from under $2 billion in July to over $9 billion in September.”x.com
- SUPPORT@shanumathew93“banks we were in talks with cut their lending offers in half, saying their IC got scared.”x.com
- SUPPORT@cnbc“Treasury Secretary Scott Bessent said “we monitor” it, but that it didn’t need to cause concern.”x.com
- SUPPORT@trevornoren“Morgan Stanely expects AI-related debt issuance to top $570 billion this year, more than double any previous record.”x.com
- SUPPORT@davidfrum“The impending AI debt crunch.”x.com