Dan Ivascyn wants to participate in the deal to finance Oracle's large $16 billion data center campus, but only if the deal is designed the way he did. People familiar with the matter said that at the end of last year, Pin Hao's chief investment officer was willing to make the company the cornerstone investor in this ambitious financing deal, provided that the financing was designed as a long-term bond with a more attractive yield, and that the term matches Oracle's lease. Bank of America, which is responsible for organizing the deal, initially sought investors' intentions on other proposals, including bonds with shorter maturities and lower costs, but the timing was quite difficult. Banks have previously provided multi-billion dollar loans for Oracle-related data center projects, and some lenders have had trouble reselling these debts. A few months later, Bank of America returned to the negotiation table and was willing to arrange a private placement deal on Pimco's terms.

Dan Ivascyn wants to participate in the deal to finance Oracle's large $16 billion data center campus, but only if the deal is designed the way he did. People familiar with the matter said that at the end of last year, Pin Hao's chief investment officer was willing to make the company the cornerstone investor in this ambitious financing deal, provided that the financing was designed as a long-term bond with a more attractive yield, and that the term matches Oracle's lease. Bank of America, which is responsible for organizing the deal, initially sought investors' intentions on other proposals, including bonds with shorter maturities and lower costs, but the timing was quite difficult. Banks have previously provided multi-billion dollar loans for Oracle-related data center projects, and some lenders have had trouble reselling these debts. A few months later, Bank of America returned to the negotiation table and was willing to arrange a private placement deal on Pimco's terms.