According to people familiar with the matter, Dutch International Group is selling a data center loan portfolio worth about 500 million US dollars in one go. This rare move coincided with the Democratic Party's victory in the US midterm elections, causing the market to worry about the future prospects of many such projects. People familiar with the matter said that the bank is accepting offers for more than a dozen loans through the so-called “competitive bidding” process. The loan to be sold includes a $25 million loan to support a large data center in New Mexico under the “Stargate” program jointly led by OpenAI, SoftBank Group, and Oracle. It was because of this data center project that Oracle issued a notice to the developer to defer payment obligations on the grounds of force majeure. A representative of the Dutch International Group declined to comment.

According to people familiar with the matter, Dutch International Group is selling a data center loan portfolio worth about 500 million US dollars in one go. This rare move coincided with the Democratic Party's victory in the US midterm elections, causing the market to worry about the future prospects of many such projects. People familiar with the matter said that the bank is accepting offers for more than a dozen loans through the so-called “competitive bidding” process. The loan to be sold includes a $25 million loan to support a large data center in New Mexico under the “Stargate” program jointly led by OpenAI, SoftBank Group, and Oracle. It was because of this data center project that Oracle issued a notice to the developer to defer payment obligations on the grounds of force majeure. A representative of the Dutch International Group declined to comment.