Search results for Fitch
AI & Enterprise
AI slowdown calls clash with $800 billion infrastructure bets, raising fears for U.S. economy
Calls to slow U.S. artificial intelligence development are colliding with expectations of a surge in investment, drawing attention to how an AI slowdown could affect the broader economy. U.S. hyperscalers are forecast to spend $800 billion on AI infrastructure this year, while proposals range from pacing frontier-model development to halting advanced AI until federal rules are set. Markets are also watching how any pullback in AI investment could ripple through growth, stocks and credit.
Finance
KB Kookmin Bank issues 650 million euro sustainable covered bond
KB Kookmin Bank issued a 650 million euro sustainable covered bond and set the spread at 24 basis points, 12 basis points lower than a same-tenor issue last year. The bank said it completed the 4-year euro sustainable covered bond sale on Sept. 14. The bond yields 3.625%, adding 0.24 percentage points to the 4-year euro mid-swap rate. The bank said demand reached about 1.5 times the issue size.
Finance
Shinhan Bank issues 600 million euro green covered bond, draws 3.8 times target orders
Shinhan Bank issued a 600 million euro green covered bond after demand from European investors led it to raise the deal size above its initial target. The 3.5-year bond was priced at mid-swaps plus 19 basis points, with an annual coupon of 3.4116 percent. It drew 1.9 billion euros of orders, about 3.8 times the initial 500 million euro target. Moody\'s and Fitch rated the bond Aaa and AAA.
