Equinix, Inc. has issued S$500 million (US$375.3 million) in green bonds, marking its first offering in the Singaporean market and making it the first U.S. corporate to access Singapore’s bond market in over five years. The proceeds will be allocated to financing sustainability initiatives and enhancing the energy efficiency of its data centres.
The S$500 million 3.50% senior notes, due in 2030, closed on March 13, 2025. With this latest issuance, Equinix has raised a total of approximately US$7.3 billion in green bonds globally.
With the rapid expansion of artificial intelligence (AI) and digital infrastructure, energy efficiency in data centres is becoming increasingly critical.
“As AI adoption accelerates, advancing energy efficiency and integrating the latest sustainability innovations at our data centres becomes increasingly critical,” said Yee May Leong, Managing Director, Singapore, Equinix. “The issuance of our inaugural green bonds in Singapore underscores our commitment to designing and building energy-efficient infrastructure and reducing our carbon footprint.”
Equinix plans to allocate the proceeds from the green bond to finance or refinance eligible sustainability projects, covering expenditures up to two years prior to the issuance and up to three years after. These initiatives span green building development, renewable energy investments, advanced energy efficiency, resource conservation, and decarbonisation technologies.
Equinix continues to invest in sustainable technologies as part of its Future First sustainability strategy. Notable initiatives include:
- The SG5 facility in Singapore, which incorporates sustainable design with a low annual power usage effectiveness (PUE) of 1.32 in the Asia-Pacific region. The data centre also uses NEWater, Singapore’s ultra-clean reclaimed water, for cooling and holds a BCA-IMDA Green Mark Platinum certification.
- Projects aimed at cutting greenhouse gas emissions, improving resource efficiency, and enhancing corporate transparency and accountability.
- Recognition for climate performance, with Equinix securing a spot on the CDP’s Climate Change A List for the third consecutive year.
The issuance was managed by DBS Bank Ltd. and Standard Chartered Bank as Joint Global Coordinators and Joint Lead Managers and Bookrunners, with HSBC and OCBC also serving as Joint Lead Managers and Bookrunners. DBS Bank Ltd. acted as the sole Green Bond Structuring Agent.
Clifford Lee, Global Head of Investment Banking at DBS Bank, noted the significance of the transaction: “With demand for digital services like e-commerce and artificial intelligence expected to surge, developing innovative and efficient data centres will be integral towards enabling a sustainable future. This issuance also underscores the role of capital markets in advancing a greener digital economy.”
Maria-Lisa Farmakidis, Executive Director of North America Debt Capital Markets at Standard Chartered, highlighted the impact on Equinix’s regional market presence: “This successful debut offering not only establishes Equinix’s presence in the Singapore dollar bond market but also paves the way for future issuances.”
The move strengthens Singapore’s role as a regional sustainable finance hub, while supporting growing global efforts to decarbonise digital infrastructure.
