Benzinga / TradingView Bond Screener · 2026-10-05
Oracle & SpaceX Lead AI-Capex Issuers With Bonds Yielding Above 7.5%; Oracle's 2066 Note Hits 8.45% as 121 Hyperscaler Bonds Now Clear 6%
As of Oct 5, TradingView's screener shows Oracle's longest-dated bonds (2065–2066) yielding 8.43–8.45%, well above the single-B junk average, despite a still-investment-grade BBB-/Baa2 rating. Oracle carries $169.1B in total debt against only $67.2B of equity (71.6% debt-to-capital). SpaceX has joined Oracle as the only two issuers in this AI-capex cohort with any bonds yielding above 7.5%, signalling acute credit-market stress at the long end and raising the stakes for any future issuance by either name.
Benzinga · 2026-10-03
Oracle 20-Year Bond Yields 8.1%, Pricing 247 bps Over Treasuries; S&P Cuts to BBB- (Last Rung Before Junk), Threatening Automatic Ejection of ~$120B From IG Indexes
S&P Global has downgraded Oracle to BBB-, the lowest investment-grade rung, meaning one further notch would trigger forced selling by IG-only mandates and automatic removal from investment-grade indexes of the full ~$120B debt load. The 20-year bond already yields 8.1%, some 247 bps above equivalent Treasuries, while every Oracle bond maturing after 2044 now yields between 7.85% and 8.44%. Oracle's negative free cash flow (~$24B in FY2026) and $169B total debt make this the most acute credit-stress story among AI-capex issuers.
Bloomberg / allweatherfinance.com (citing Bloomberg and S&P Global Ratings) · 2026-09-25
Blue Owl Prices $1.1B Junk Bonds for CoreWeave Data-Center Projects at 9.25% — 270 bps Wide to Peers; S&P Rates BB-, Cites Single Speculative-Grade Tenant Risk
Blue Owl Capital affiliates priced $1.1B in high-yield bonds for CoreWeave-linked data-center projects at a 9.25% yield — approximately 270 bps wider than comparably rated paper — underscoring that the market is repricing AI-infrastructure credit when the anchor tenant is itself speculative-grade. S&P explicitly flagged 'exposure to a single speculative-grade tenant' as the key risk in its BB- rating report. This sets a visible market price on the tail risk embedded in GPU-collateralised, single-tenant data-center financings, directly relevant to the broader CoreWeave DDTL programme and any future issuance by data-center landlords dependent on CoreWeave revenues.