• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
Quilla NewsFinance & Technology
ENES

J.P. Morgan sees limited global bank exposure to CoreWeave debt

FinanceInternationalRevista ADVFN40 s readAI summary
Image: Revista ADVFN

J.P. Morgan estimates that most international banks have limited exposure to CoreWeave, despite the recent drop in its shares and bonds. Major U.S. investment banks and MUFG could have exposures of between $1 billion and $3 billion, while most European and Asian lenders would be below $500 million. The firm considers that financing structures and collateral reduce direct risks, and forecasts negative free cash flow for CoreWeave until 2030.

In 40 seconds

  • J.P. Morgan estimates exposures of $1 billion to $3 billion at major U.S. investment banks and MUFG; most European and Asian banks below $500 million.
  • The yield on CoreWeave bonds maturing in 2031 approached 16% and default protection costs rose to about 1,000 basis points.
  • CoreWeave has about $50 billion in debt and $24 billion in committed delayed draw term loans, of which $15 billion has already been drawn.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading