AI债务“风向标”企稳！甲骨文创纪录发债有望刺激科技借贷热潮

新财闻02-12

据高盛承销部门称，甲骨文(ORCL.US)创纪录的最新债券交易缓解了债务市场的紧张气氛，也为其他希望筹集数千亿美元用于数据中心基础设施建设的科技巨头提供了动力。此前，为扩建项目融资所需的巨额资金——据估计高达5万亿美元——引发了近期对债务市场供应过剩的担忧。甲骨文公司周一在优质债券市场筹集250亿美元债券，吸引了众多渴望收益的投资者，认购额超过1290亿美元，创下此类发行的最高纪录，因此，这无疑是...

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Oracle's record bond issuance is expected to spur tech lending boom","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORCL":1.95,"ORCX":0.6,"ORCS":0.6,"ORCU":0.6},"content_text":"据高盛承销部门称，甲骨文(ORCL.US)创纪录的最新债券交易缓解了债务市场的紧张气氛，也为其他希望筹集数千亿美元用于数据中心基础设施建设的科技巨头提供了动力。此前，为扩建项目融资所需的巨额资金——据估计高达5万亿美元——引发了近期对债务市场供应过剩的担忧。甲骨文公司周一在优质债券市场筹集250亿美元债券，吸引了众多渴望收益的投资者，认购额超过1290亿美元，创下此类发行的最高纪录，因此，这无疑是一个好兆头。高盛是参与此次交易的华尔街银行之一。高盛美洲投资级债券承销主管John Sales在接受采访时表示：“大家都在谈论创纪录的供应量，但我认为更有意思的是创纪录的需求。”尽管在甲骨文发债之后，全球公开发行的银团债券规模以史上最快的速度突破1万亿美元，但投资者为承担公司债券风险而要求的额外补偿已接近近30年来的最低水平。美国高等级公司债券上月发行量超过2000亿美元，使今年1月成为有史以来发行量最高的五个月份之一。在云计算巨头中信用评级最低的甲骨文公司，已成为人工智能投资的风向标。由于其债务近期的交易价格更接近垃圾债券而非投资级债券，这家数据库巨头表示预计2026年不会再发行新债后，部分压力有所缓解。Sales表示，这对市场来说是一次出清事件，因为它将一家主要发行人从供应渠道中剔除，并使得甲骨文债务在短期内被下调评级的可能性降低。据Sales称，在甲骨文公司宣布债券发行之前，该公司部分债券的风险溢价在上周日晚间至周一凌晨一度上涨了25个基点。诚然，投资者仍然认为人工智能投资面临诸多风险。围绕人工智能交易的焦虑加剧了人们的担忧，导致纳斯达克100指数市值在一周内蒸发超过1万亿美元。大型科技公司大量发行债券可能会在今年进一步扩大该行业乃至整个市场的利差。目前，甲骨文公司新发行的大部分债券在二级市场上的交易价格都在上涨。但就目前而言，信贷市场总体上较为乐观。Sales说道：“市场完全开放。从价差角度来看，情况已经非常好了。从需求角度来看，以甲骨文的订单量为例，情况也非常好。”其他超大规模数据中心运营商在财报季结束后也可能很快进入市场。亚马逊(AMZN.US)计划今年在数据中心方面投资2000亿美元，而谷歌母公司Alphabet(GOOGL.US)预计其资本支出将高达1850亿美元，这两项预测均高于分析师的预期。Meta Platforms(META.US)和微软(MSFT.US)也已公布业绩，因此可以发行债券。根据数据，高盛今年主导了约 6.8% 的美国高级债券销售(不包括自主主导的交易)，成为第五大承销商。销售人员还预计，在接下来的几个月和几个季度里，随着财报发布后发行窗口的开启，市场将出现集中供应期，届时将有大量与收购相关的交易涌入市场。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610919846","isCrawlerRequest":true}