# Banks Sell AI Data Center Debt at Discount

> Banks offloading $38 billion AI data center debt as market distrusts risk.
- Title: Banks Sell AI Data Center Debt at Discount · Startup Fortune
- Summary: Banks offloading $38 billion AI data center debt as market distrusts risk. Banks are selling pieces of AI data center debt they financed at a discount due to…
- Keywords: jpmorgan, mufg, coreweave, oracle, ai data center debt, debt discount, credit default swaps, imf financial stability, startups, business, Banks, Sell
- Source: Startup Fortune — https://startupfortune.com/banks-that-financed-the-ai-data-center-boom-now-want-out-of-that-debt
- Published: 2026-10-15T12:30:26+00:00
- Read time: 1 min
- Topics: jpmorgan, mufg, coreweave, oracle, ai data center debt, debt discount, credit default swaps, imf financial stability, startups, business
## Banks offload AI data center debt
JPMorgan Chase and Mitsubishi UFJ Financial Group spent over six months trying to sell pieces of a $38 billion construction loan tied to Oracle-linked data centers in Texas and Wisconsin.
## Debt discount signals market shift
Lenders now offer discounts to non-bank buyers to move the last scraps of debt, showing declining confidence in repayment.
## CoreWeave bond yields spike
CoreWeave bonds traded at a record 14.5% yield in October after pricing at 9.625% in June, indicating market distrust.
## Credit default swaps rise
Credit default swaps on CoreWeave spiked to 8.81 percentage points in December 2025 before easing to 4.5 points, signaling distress.
## CoreWeave debt and costs
CoreWeave's total debt reached $35 billion as of June 30, with interest expense hitting $640 million last quarter.
## IMF warns of AI risks
The IMF warned that weaker AI investment could trigger a credit correction for institutions holding 22% of global banking assets.
## Banks still active in AI lending
Blue Owl's Stack Infrastructure seeks a $5.9 billion loan for a Melbourne project, showing lending continues despite market shifts.
## Key takeaway

Banks are selling pieces of AI data center debt they financed at a discount due to market distrust of repayment risks.