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.

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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

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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.

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