“AI-related global debt issuance will more than double to nearly $570 billion in 2026, as hyperscalers turn to alternative funding sources to meet massive AI-driven capex needs — 'hyperscalers have been broadening their investor base through non-USD issuance.'”
Investment bank, credit strategy research
Said Jun 10, 2026Deadline Dec 31, 2026Reuters, 'Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says,' June 10, 2026
Morgan Stanley put AI-related global debt issuance at nearly $236 billion as of May 31, 2026 — roughly four times the year-earlier pace — and expected issuance to ramp in the second half of 2026 as hyperscaler capex heads past $1 trillion in 2027.