Morgan Stanley Sells ABS Deal After Delay Over Alibaba Risk
NeutralTechnology
- Morgan Stanley has finalized the sale of $589 million in bonds from ServerFarm after a delay caused by concerns over the company's dependence on Alibaba Group's revenue. This decision reflects the bank's confidence in the data center market despite previous uncertainties.
- The successful completion of this bond sale indicates a potential stabilization in the investment landscape for data centers, which are increasingly critical in the technology sector, particularly amidst fluctuating ties with major tech firms like Alibaba.
— via World Pulse Now AI Editorial System