Morgan Stanley
June 11, 2026
AI Debt Financing Tracker
Market ReportRates CreditStructured ProductsInformation Technology
This report monitors the rapid expansion of AI-related debt financing, driven by hyperscaler capital expenditure and data center construction. Global supply is projected to reach $570bn in 2026, marking a significant acceleration over previous years.
Key Takeaways
- 1.April saw record AI-related issuance with over $74bn, largely driven by data center construction project finance.
- 2.Total 2026 AI-related supply is forecasted at $570bn, more than 4x compared to the same period in 2025.
Table of Contents
- Key Takeaways
- Issuance Summary & Estimates
- QTD 2Q26 Issuance Pricing At a Glance
- Corporate Credit
- Investment Grade
- Leveraged Finance
- Securitized Credit
- Appendix
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Authors
Fernanda LimaCarolyn L CampbellVishwanath Tirupattur
Securities
ORCL
Themes
AI Infrastructure CapexChip FinancingData Center Construction Finance
Regions
North AmericaEuropeAsia PacificUnited StatesJapanGermany