Equinix, Inc, the global digital infrastructure company, announced Tuesday its issuance of S$500 million ($375.43 million) in green bonds in its inaugural offering in the Singaporean market.
Equinix said in a statement that its debut issuance marks the first U.S. corporate to access the Singapore dollar market in over five years.
Equinix will utilize the green bonds to advance its longstanding commitment to sustainability, and to further the operational efficiency of its portfolio.
The firm intends to allocate an amount equal to the net proceeds from the green bonds to finance or refinance, in whole or in part, recently completed or future eligible green projects.
Its allocation strategy includes covering project expenditures up to two years before the issuance of the green bonds and three years following the green bond issuance.
These projects, which form the backbone of the company’s sustainability mission, span a wide range of impactful categories—from green building development and renewable energy innovations to advanced energy efficiency, resource conservation and cutting-edge decarbonization solutions.
It is noted that Equinix issued S$500 million ($375.43 million) 3.50 percent senior notes due 2030. The offering closed on March 13, 2025.
Including this latest issuance, Equinix has issued a total of approximately $7.3 billion of green bonds globally.
“As artificial intelligence (AI) adoption accelerates, advancing energy efficiency and integrating the latest sustainability innovations at our data centers becomes increasingly critical,
“The issuance of our inaugural green bonds in Singapore underscores our commitment to designing and building energy-efficient infrastructure, and reducing our carbon footprint,” said Yee May Leong, Managing Director, Singapore, Equinix.
According to her, Equinix has always been a strong proponent of Singapore’s National AI Strategy and Green Plan 2030, and this milestone reinforces the firm’s dedication to advancing the nation’s AI vision responsibly and sustainably through its vibrant AI marketplace.
Clifford Lee, Global Head of Investment Banking, DBS Bank, said that with demand for digital services like e-commerce and AI expected to surge in the coming years, developing innovative and efficient data centers will be integral towards enabling a sustainable future.
“As the first green bond by a foreign non-financial corporate issuer in Singapore, this issuance also underscores the vital role capital markets play in advancing a greener digital economy, as well as Singapore’s growing capabilities as a regional sustainable financing hub,” he added.
Maria-Lisa Farmakidis, Executive Director of North America Debt Capital Markets at Standard Chartered, said that by leveraging its deep investor connectivity in Asia, the bank was thrilled to support Equinix in achieving this milestone transaction.
“This successful debut offering not only establishes Equinix’s presence in the Singapore dollar bond market, but also paves the way for future issuances,” she added.