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2026-11-09

Hyperscalers Have Issued $296bn of Debt in 2026, Nearing 9% of IG Supply

Hyperscalers Have Issued $296bn of Debt in 2026, Nearing 9% of IG Supply

Key points

Hyperscaler debt issuance by currency ($bn) and share of IG gross supply | 2026 YTD at $296bn, a record, rising to ~9% of all IG supply

Image source: @tomoyaasakura