Australian private credit funds are trying to contain panic among investors, after the collapse of property developer Bathla Group sparked fears that the industry’s big bet on the property sector is going south.

Bathla Group, a major property developer in Sydney, is leaving private credit investors exposed after falling into insolvency earlier this week in the latest blow to Australia’s troubled housing market.

Private credit investors in Australia’s property market are seeking more transparency from asset managers as the sector grapples with a slowdown and private funds themselves face a probe by regulators over unrealistic valuations.

National Australia Bank Ltd. is cutting jobs in its corporate and institutional division as it reorganizes some roles, according to people familiar with the matter.

Alphabet Inc. paid just under 7% to borrow longer-dated funds in its debut Australian dollar bond offering, its highest-ever for a note, underscoring how broader demands for cash among hyperscalers around the world are feeding into more costly funding almost everywhere.

Wealth managers are beating a retreat from private credit and ramping up a search for alternatives, as they continue to reel from sudden exit restrictions at several major direct lending funds earlier this year.

Alphabet Inc. started marketing its debut Australian debt, offering investors a pickup over what they’d get on its US dollar notes, as the tech giant embarks on another multi-billion dollar fundraising amid skyrocketing AI spending.

Alphabet Inc. is looking to raise about A$5 billion ($3.6 billion) in what would be its debut bond offering in Australia, people familiar with the matter said, as US tech firms binge on debt to fuel AI spending.

An air safety investigation is underway after a Jetstar plane and a Qatar Airways jet almost collided on the tarmac at Sydney airport on Sunday — the second near miss in two weeks.

Unionized workers at BHP Group’s Port Hedland iron ore export hub in Western Australia have started rolling 24-hour strikes, escalating a pay dispute ahead of further meetings with the company.

New Zealand announced more sanctions targeting individuals and entities supporting Russia’s war against Ukraine, following the passage of a new bill in the US Senate targeting the country’s oil and gas revenues.

Blue Owl Capital’s data center firm Stack Infrastructure Inc. is seeking an A$8.5 billion ($5.9 billion) syndicated loan to fund its latest project in Melbourne, according to people familiar with the matter, in what could be one of the largest such financings to the sector in Australia.

Shemara Wikramanayake is stepping down as head of Macquarie Group Ltd. after leading the Australian financial conglomerate to bumper profits and a record high share price. For that she will be richly rewarded, making her one of the best-paid female bank executives in the world.

Blackstone Inc. is finalizing a group of banks to underwrite a A$4.3 billion ($3 billion) loan for the construction of AirTrunk Pty.’s new data center in Australia, according to people familiar with the matter, despite growing worries over the massive debt racked up for artificial intelligence infrastructure projects.

Asia’s loan market is heading into the second half of the year with little sign of a rebound, according to bankers, as the fallout from the Iran war continues to suppress confidence among lenders and borrowers.

Firmus Technologies Pty Ltd. will build its first data center project in Indonesia as part of a partnership with US chip giant Nvidia Corp., which the Australian artificial intelligence infrastructure firm said is expected to win it as much as $30 billion in committed offtake agreements in its first six years.

AirTrunk Pty., a data center operator backed by Blackstone Inc., is in talks with banks for a A$4.3 billion ($3 billion) loan to back a new project in Australia, people familiar with the matter said, as it continues its debt-fueled expansion across Asia Pacific.

Australia’s corporate watchdog is investigating a number of private credit funds and warning industry managers to make sure that asset valuations are “grounded in realistic assumptions” before an end-of-month reporting deadline.

Australian real estate private credit firm Qualitas Ltd. is expanding into Europe with the acquisition of a UK-based loan manager, leveraging on growing demand for commercial financing across the region.

Hong Kong’s Jardine Matheson Holdings Ltd. is seeking to an around A$1.5 billion ($1.1 billion) loan to fund its takeover of Australian medical diagnostic imaging provider I-MED Radiology Network Ltd., according to people familiar with the matter, as it looks to expand its portfolio.