DBS also served as the sole green bond structuring agent. Clifford Lee, DBS’s global head of investment banking, says demand for digital services like e-commerce and artificial intelligence is expected to surge in the coming years.
Nasdaq-listed digital infrastructure firm Equinix has issued $500 million in green bonds in its inaugural offering in the Singapore market. The offer for the 3.50% senior notes due 2030 closed on March 13, and Equinix says it will use proceeds to further the operational efficiency of its portfolio.
Equinix’s debut issuance here marks the first US corporate to access the Singapore dollar market in over five years, says the firm on March 18. DBS and Standard Chartered were joint global coordinators and joint lead managers and bookrunners, while HSBC and Oversea-Chinese Banking Corporation (OCBC) were joint lead managers and bookrunners.
