BlackRock (BLK) is leading a debt sale targeting at least USD 12bln for its new El Paso data-centre project backed by Meta (META), reports WSJ citing sources

BlackRock's initiative to lead a $12 billion debt sale for its El Paso data-center, backed by Meta, suggests a strong commitment to infrastructure investments within the tech sector. This move could enhance BlackRock's standing in capital markets, potentially paving the way for similar partnerships and raising competitive dynamics among asset managers, particularly in tech-focused investments. The backing from Meta indicates confidence in the project, which may influence investor sentiment positively.