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Bond Market News
Oracle Sued by Bondholders Amid Losses Owing to AI Plans
January 16, 2026
Oracle was sued by bondholders in a proposed class action suit filed in a New York state court, as per Reuters. The plaintiffs alleged that Oracle had concealed its need to issue significant additional debt to fund its massive AI infrastructure buildout. The lawsuit specifically represents investors who purchased bonds as part of its $18bn new issuance in September 2025. Shortly before this issuance, Oracle had signed a $300bn, five-year contract to provide computing power to OpenAI. Investors claimed they were blindsided when Oracle returned to the capital markets just weeks later to secure an additional $38bn in loans for data centers in Texas and Wisconsin to support the OpenAI deal. Following the of the additional debt, the value of the bonds issued in September dropped amid a spike in its spreads. The bondholders led by Ohio Carpenters’ Pension Plan are seeking unspecified damages for what they characterize as false and misleading offering documents.
Oracle’s dollar bonds were trading stable with its 4.125% 2045s at 72, yielding 6.7%.
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