Barclays Says Asia Data-Center Borrowing Near $29 Billion Is Hitting Bank Limits

Senior bankers at Barclays Plc say a wave of borrowing to fund Asian data centers is pushing lenders toward exposure caps and making them more selective about which projects they will finance, with data-center financing in Asia nearing $29 billion. Andrew Ashman, who heads Barclays' Asia-Pacific loan syndicate team, said Asia-Pacific lenders "are reporting to be heavily exposed to the data center sector," and that banks are therefore likely to favor familiar borrowers or deals that offer higher returns.