Digital infrastructure company Equinix Inc has issued S$650 million ($504.85 million) in green bonds in Singapore, its second such offering in the city-state this year as it expands sustainable financing to fund environmental projects.
The 2.90% senior notes due 2032 closed on Wednesday, following the company’s debut S$500 million Singapore green bond in March, Equinix said.
The latest issuance brings Equinix’s total global green bond offerings to approximately $9.5 billion, positioning it among the world’s largest corporate green bond issuers.
Proceeds will fund eligible green projects including green buildings, clean and renewable energy, energy efficiency, resource conservation, decarbonization solutions and climate-change adaptation initiatives, the company said.
Equinix’s allocation strategy covers project expenditures up to two years before bond issuance and three years following, allowing flexibility in deploying the green financing.
“Our second green bond issuance in Singapore underscores our commitment to sustainability and our dedication to responsibly operating our data centres,” said Yee May Leong, Equinix’s managing director for Singapore.
The financing will help accelerate innovations in energy-efficient infrastructure and clean energy to meet growing demands from artificial intelligence and emerging technologies like liquid cooling, aligning with Singapore’s Green Plan 2030, Leong added.
DBS Bank, HSBC, OCBC and Standard Chartered Bank served as joint global coordinators, joint lead managers and bookrunners for the offering. DBS Bank acted as sole green bond structuring agent.
The bond issuance reflects growing corporate appetite for sustainable financing in Asia as companies seek to fund environmental initiatives and meet sustainability targets.
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