Equinix, Inc., a global digital infrastructure company®, today announced the issuance of S$650 million (US$ 505 million) in green bonds in Singapore following its March debut of S$500 million (US$ 388 million) Singapore green bonds approximating to a total of US$9.5 billion of green bonds globally, the company said in a press release. This makes Equinix one of the top corporate issuers of green bonds globally. The latest issuance, which closes today, consists of 2.90% senior notes due in 2032.
Proceeds will be channeled to eligible green projects, which will include green buildings; clean and renewable energy; energy efficiency; resource conservation; decarbonization solutions; and climate change adaptation. They will cover project spending up to two years before the issuance of the green bonds and three years after the issuance.
“Our second green bond issuance in Singapore underscores our commitment to sustainability and our dedication to responsibly operate our data centers. By utilizing green financing, we can accelerate innovations in energy-efficient infrastructure, clean and renewable energy, and address the growing demands of AI and other emerging technologies like liquid cooling, all in alignment with the Singapore Green Plan 2030,” said Yee May Leong, Managing Director of Equinix Singapore.
Some of Equinix’s green initiatives in Singapore include signing two renewable power purchase agreements in Singapore for a maximum of 133.5 Megawatt peak (MWp) and designing its upcoming SG6 facility (expected to open in Q1 2027) with sustainability in mind.
For this issuance, DBS Bank Ltd., HSBC, OCBC and Standard Chartered Bank served as Joint Global Coordinators and Joint Lead Managers and Bookrunners.
