"Negative earnings are not typically associated with an investment-grade company, but nothing about this is typical. It sits in a category of its own."

"You have the government balance sheet that's deteriorated over time, and you have corporate balance sheets that, in a lot of cases, remain strong and stable."

The issuance was the largest among 12 high-grade offerings and part of an active session in U.S. debt-capital markets today.

QTS's debut high-grade bond sale continues the trend of investor funds funneling into infrastructure for AI hyperscalers.