Digital Realty Closes CHF510 Million Swiss Bond Offering
Digital Realty raised CHF510 million across three tranches of Swiss bonds maturing in 2029, 2032, and 2036.
Digital Realty Trust (NYSE: DLR), the Austin, Texas-based global data center operator, has completed a CHF510 million Swiss bond offering through its indirect finance subsidiary, Digital Constellation B.V., the company announced Tuesday.
The deal was structured in three tranches: CHF225 million in bonds carrying a 1.6803% coupon due in 2029, CHF185 million at 2.0600% maturing in 2032, and CHF100 million at 2.4150% with a 2036 maturity. The staggered maturities spread refinancing risk across a roughly decade-long horizon.
Read more Verifact Markets Launches Platform to Resolve Disputed Facts →
Digital Constellation B.V. is an indirect wholly-owned finance subsidiary of Digital Realty's operating partnership, Digital Realty Trust, L.P. The structure is a common mechanism used by large real estate investment trusts to access international debt markets efficiently.
The Swiss franc-denominated offering allows the company to diversify its funding base beyond U.S. dollar capital markets, tapping investor demand in Europe at rates that reflect the comparatively lower Swiss franc interest rate environment. Digital Realty positions itself as a carrier- and cloud-neutral provider of data center, colocation, and interconnection services worldwide.
Continue reading at GlobeNewswire - Mergers And Acquisitions.
