CoreWeave’s 9% notes due in 2031 traded at 79.5 cents for each $1 of principal on Nov. 4, as Texas election results brought data-center policy into view and Bloomberg linked the notes’ reported record low to construction concerns.
Kilambi Research’s page of FINRA TRACE transactions shows the notes at 79.50 at 8:32, 8:52 and 9:03 a.m. ET, with a displayed yield of 15.80%. CoreWeave said in a July 2025 filing that it issued $1.75 billion of the notes, which mature Feb. 1, 2031.
Bloomberg reported that concern about data-center construction after U.S. election results accompanied the notes’ record low. The TRACE page documents the Nov. 4 trades; Bloomberg reported the historical low and its connection to the election results.
Texas Secretary of State results put Democratic gubernatorial candidate Gina Hinojosa at 5,230,789 ballots and incumbent Gov. Greg Abbott at 4,524,527, with all polling locations reporting. During her campaign, Hinojosa urged Abbott to pause data-center development until lawmakers could consider the issue.
In a July 23, 2026, campaign statement, Hinojosa said, “I’m calling for a moratorium until a legislative session that puts Texans first.” Her campaign also said data-center companies should show that household electricity and water bills would not rise, including because of grid upgrades or added capacity.
CoreWeave’s June 2026 filing says it depends on third-party data centers. The company warned that shifting regulatory sentiment around electricity and water use, as well as environmental impacts, could lead to restrictions on future construction or operations.
EconoTimes previously covered the company’s borrowing costs in an earlier report on CoreWeave bond yields.
