Data centre firm Equinix issues S$650 million in green bonds to fund sustainable projects
It says the proceeds will go towards initiatives that will reduce the global impact of its operations on the environment
[SINGAPORE] Global data centre operator Equinix on Thursday (Aug 21) announced its issuance of S$650 million in green bonds in Singapore.
The offering comprised 2.9 per cent senior notes with a maturity date of Sep 15, 2032. It closed on Aug 21.
The Nasdaq-listed company said that the bonds will be used to advance its sustainability commitments and reduce its environmental impact globally.
It noted: “Proceeds from the offering will be allocated towards future eligible green projects, which will include green buildings, clean and renewable energy, energy efficiency, resource conservation, decarbonisation solutions and climate-change adaptation.”
It also said that its allocation strategy involves covering project expenditures for up to two years before issuing the bonds, and three years following the issuance of such bonds.
Leong Yee May, Singapore managing director at Equinix, said: “By utilising green financing, we can accelerate innovations in energy-efficient infrastructure and clean and renewable energy, and address the growing demands of artificial intelligence and other emerging technologies like liquid cooling.”
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The bonds were offered to Singapore-based and global investors, including fund managers, private banks and insurance companies.
DBS, HSBC, OCBC and Standard Chartered served as joint global coordinators, joint lead managers and book runners for the recent offering. DBS was the sole green bond structuring agent.
This is Equinix’s second Singapore issuance.
It followed the company’s debut S$500 million Singapore green bond offering in March. Both offerings bring its total amount raised in the Republic to more than S$1 billion.
Equinix operates five data centres in Singapore. Its sixth, SG6, is being built and is expected to open in the first quarter of 2027.
Copyright SPH Media. All rights reserved.
