ING shops ~$500M of data-centre loans including a Stargate New Mexico slice

Dutch bank ING is seeking bids on about $500 million of data-centre loans in a rare BWIC auction, Bloomberg reported, days after the US midterms rattled AI-infrastructure markets. The dozen-loan package includes a $25 million piece tied to the New Mexico Stargate campus (OpenAI, SoftBank, Oracle), plus debt linked to Vantage Data Centers and CyrusOne; bids are due 19 November with a $10 million minimum. Oracle has already sent the site's developer a force majeure notice over power risks; ING declined to comment.