Singapore-based data center operator STT GDC Pte. is in talks with banks for a S$3.1 billion ($2.4 billion) syndicated loan, according to people familiar with the matter, as the AI boom continues to fuel demand for debt among companies building the infrastructure.

Zankore, an Indonesian artificial intelligence infrastructure platform backed by Nvidia Corp., is syndicating a $3.1 billion loan to the broader market, according to people familiar with the matter, adding to a flurry of financing for Asia’s AI buildout.

At least 10 senior bankers at ANZ Group are leaving the firm by October, according to people familiar with the matter and an internal memo seen by Bloomberg News, as the Australian lender overhauls the business under its new boss.

AirTrunk, a data center operator owned by Blackstone Inc., is in talks with banks to borrow about S$2 billion ($1.6 billion) to help prepare for the public listing of a real estate investment trust backed by its assets, according to people familiar with the matter.

India’s ICICI Bank Ltd. has launched a syndicated offshore loan of about $1.45 billion, according to people familiar with the matter, joining a growing number of local banks tapping overseas debt to capitalize on a central bank facility that lowers hedging costs.

Vietnam Technological and Commercial JSB, known as Techcombank, is seeking a $1 billion loan for regular business operations, according to people familiar with the matter, in what would be one of the Southeast Asian nation’s largest debt deals this year.

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.

Blackstone Inc.-owned data center firm AirTrunk has secured a $2.3 billion green loan from 30 lenders for a new facility in Malaysia, its largest financing so far for a single asset.

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.

ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence.

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.

Fears of a stagflation shock from the Middle East conflict are increasingly souring investor sentiment toward the weakest global corporate borrowers, many of which binged on cheap debt during the era of ultra-low interest rates.

Blackstone Inc.-owned data center firm AirTrunk is marketing a $2.3 billion loan to fund a Malaysia project, according to people familiar with the matter, part of a slew of tech-linked financings in Southeast Asia spurred by the artificial intelligence boom.

Malaysia is studying actions to be taken against Meta Platforms Inc. for failing to curb fake accounts involving the country’s Malay rulers, Bernama reported, citing Communications Minister Fahmi Fadzil.

KKR & Co. and Capital Group plan to launch a public-private credit fund in Asia this year, in the latest tie-up between private-markets specialists and traditional asset managers seeking to attract more retail money.

Vietnam Prosperity JSC Bank is seeking a sustainability‑linked loan of about $1.2 billion, according to people familiar with the matter, in what would be one of the country’s largest financings tied to ESG metrics.

Singapore’s Sembcorp Industries Ltd. is seeking a loan of around A$3 billion ($2.1 billion) to back its purchase of power generator and retailer Alinta Energy Pty., according to people familiar with the matter, adding to a growing wave of acquisition funding in Australia.

Chinese banks, flush with low-cost funds, are reshaping parts of the global loan market, underscoring how deflationary pressures in the world’s second-largest economy are increasingly influencing competition with international lenders.

Emirates NBD Bank PJSC is expanding its footprint in Asia as capital flows between the Middle East and fast-growing Asian markets gather pace.

Brookfield Asset Management Ltd. and Singapore’s GIC Pte are seeking a A$2.77 billion ($1.96 billion) loan to back the purchase of Sydney-listed National Storage REIT, according to people familiar with the matter.