SINGAPORE, March 21, 2025 — Equinix has made a significant move toward sustainable infrastructure by issuing SGD 500 million (approximately $375 million) in green bonds, marking its first-ever bond offering in Singapore and the first by a U.S. corporation in over five years. This issuance will contribute to the company’s broader sustainability efforts, funding projects aimed at enhancing energy efficiency and supporting its global commitment to reducing greenhouse gas emissions.
Financing Green Initiatives
The 3.50% senior notes, maturing in 2030, are part of Equinix’s ongoing green bond program, which has now raised around $7.3 billion globally. These funds will be used for “Eligible Green Projects” under the company’s Future First sustainability strategy, focusing on:
- Sustainable infrastructure
- Renewable energy projects
- Resource conservation
- Decarbonization solutions
Yee May Leong, Managing Director for Equinix Singapore, emphasized the importance of integrating sustainability as demand for digital services, especially artificial intelligence, continues to surge. “As AI adoption accelerates, advancing energy efficiency and integrating the latest sustainability innovations at our data centers becomes increasingly critical,” said Leong.
Key Achievements in Sustainability
Equinix’s SG5 facility in Singapore stands out as a prime example of its commitment to sustainable design, boasting an industry-leading Power Usage Effectiveness (PUE) of 1.32 for the Asia-Pacific region and utilizing Singapore’s NEWater reclaimed water. The facility holds the prestigious BCA-IMDA Green Mark Platinum certification, underscoring its environmental credentials.
In 2024, Equinix also received the highest A-list rating from the CDP Climate Change index, reaffirming its role as a leader in climate transparency and sustainability.
Strong Market Reception
The green bond issuance was well-supported by investors, with DBS Bank and Standard Chartered acting as Joint Global Coordinators and Lead Managers, and HSBC and OCBC as Joint Lead Managers. Clifford Lee, Global Head of Investment Banking at DBS Bank, noted that “developing innovative and efficient data centers will be integral towards enabling a sustainable future,” emphasizing the critical role of the capital markets in promoting a greener digital economy.
Maria-Lisa Farmakidis, Executive Director at Standard Chartered, expressed enthusiasm over Equinix’s debut in the Singapore dollar bond market, saying, “This successful debut offering not only establishes Equinix’s presence but also paves the way for future issuances.”
The Path Forward
Equinix’s entry into the Singapore green bond market is a milestone in its ongoing efforts to create energy-efficient, sustainable infrastructure globally. As digital demands continue to grow, the company’s investment in green technologies will be vital in meeting both environmental goals and the evolving needs of its clients.
Equinix DA3 Dallas Datacenter Picture by Andrew nyr on Wikimedia Creative Commons Attribution-Share Alike 4.0 International
