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Joseph Cotterill
@jsphctrl.ft.com

You can now pick up the Meta/Blue Owl Project Beignet bonds (secured, rated A+) at a 7.3% yield, or about the same as Mexico’s (unsecured, BBB-rated) US dollar bonds at a similar maturity.

Joseph Cotterill
@jsphctrl.ft.com

Those Project Beignet bonds now at 7.45% or just wide of Mexico at roughly that same maturity (note this is after Oracle's Project Jupiter loans underlined that Project Finance Is Quite Difficult, AI boom or not) www.ft.com/content/a96b...

ft.comOracle on the hook to pay data centre investors even if site has no electricityThe tech group is responsible for ‘Project Jupiter’ payments despite force majeure notice on New Mexico project

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