Wall Street banks have started buying and selling an initial portion of a $35 billion financing package backing Broadcom (AVGO) and Anthropic's AI infrastructure expansion, Bloomberg News reported Wednesday, citing people familiar with the matter.

Bank of America and Morgan Stanley have been trading portions of the debt over the past week after serving as joint placement agents on a $24 billion tranche of the financing, Bloomberg reported.

Apollo Global Management has also been marketing the debt to institutional investors, according to the report.

The financing was arranged by Apollo and Blackstone for a special purpose vehicle that buys custom chips developed by Google and Broadcom and leases them to Anthropic, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)