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Singapore’s STTGDC Eyes $2.4 Billion Loan, Adds to AI Debt Binge

Bloomberg Technology Monday 02 November 2026, 01:58 UTC By Kari Lindberg and Sheryl Tian Tong Lee 1 min read
Key Points

EXCLUSIVE Singapore’s STTGDC Eyes $2.4 Billion Loan, Adds to AI Debt Binge Singapore-based data center operator STT GDC Pte. is in talks with banks for a S$3.1 billion ($2.4 billion) syndicated loan, according to people familiar with the matter, as the AI boom continues to fuel demand for debt among companies building the infrastructure. Banks working on the planned borrowing as global coordinators, mandated lead arrangers and bookrunners include Standard Chartered Plc, United Overseas Bank...

EXCLUSIVE Singapore’s STTGDC Eyes $2.4 Billion Loan, Adds to AI Debt Binge Singapore-based data center operator STT GDC Pte. is in talks with banks for a S$3.1 billion ($2.4 billion) syndicated loan, according to people familiar with the matter, as the AI boom continues to fuel demand for debt among companies building the infrastructure. Banks working on the planned borrowing as global coordinators, mandated lead arrangers and bookrunners include Standard Chartered Plc, United Overseas Bank Ltd., Oversea-Chinese Banking Corp. and DBS Bank Ltd., said the people, asking not to be identified discussing private details.
Singapore (LOCATION) STTGDC Eyes (ORG) AI Debt Binge EXCLUSIVE Singapore’s (ORG) AI Debt Binge Singapore (ORG) STT GDC Pte (ORG) AI (ORG) Standard Chartered Plc (ORG) United Overseas Bank Ltd. (ORG) Oversea-Chinese Banking Corp. (ORG) DBS Bank Ltd. (ORG)
Originally published by Bloomberg Technology Read original →

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