ING is reportedly seeking buyers for a portfolio of 12 data centre loans worth about $500 million through a bids-wanted-in-competition auction, with bids sized at $10 million or more due by November 19, Bloomberg reported, as carried by CNBC, citing people familiar with the matter. The portfolio is said to include a $25 million piece linked to the Stargate project in New Mexico, which involves OpenAI, SoftBank and Oracle, and other loan assets involving Vantage Data Centers and CyrusOne, and an ING spokesperson declined to comment. The reported sale joins a broader push by banks to distribute credit risk tied to the AI build-out, after the Democrats’ midterm win raised the prospect of moratoriums or tighter restrictions on data centre construction in some states.
ING reportedly seeks buyers for $500 million data centre loans
ING is reportedly seeking buyers for a portfolio of 12 data centre loans worth about $500 million, in a bids-wanted-in-competition auction with bids of $10 million or more due by November 19.
Why it matters: A bank auction of data centre loans, including a piece linked to the Stargate project in New Mexico, is a concrete sign of lenders distributing AI infrastructure credit risk as political scrutiny of data centre construction grows.
Data as of CNBC report of November 6, 2026, read in full in this run via the estate browser route after the direct fetch was blocked; CNBC's sale details rest on Bloomberg reporting citing people familiar with the matter, and an ING spokesperson declined to comment, so the item is single sourced and graded C. Developing item.