Digital Realty Closes CHF510 Million Swiss Bond Offering
Digital Realty raised CHF510 million across three Swiss franc-denominated bonds maturing in 2029, 2032, and 2036.
Digital Realty Trust (NYSE: DLR), an Austin, Texas-based global data center operator, has completed a CHF510 million Swiss bond offering through Digital Constellation B.V., an indirect wholly-owned finance subsidiary of its operating partnership, the company announced Tuesday.
The offering was structured across three tranches: CHF225 million in bonds carrying a 1.6803% rate maturing in 2029, CHF185 million at 2.0600% due in 2032, and CHF100 million at 2.4150% set to mature in 2036. The staggered maturities spread repayment obligations across a seven-year window, a common debt-management approach among large real estate investment trusts.
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Digital Realty positions itself as a carrier- and cloud-neutral provider of data center, colocation, and interconnection services with a global footprint. Tapping the Swiss franc bond market allows the company to diversify its funding sources beyond U.S. dollar-denominated debt, potentially matching liabilities to European assets or hedging currency exposure tied to its international operations.
The deal reflects continued investor appetite for investment-grade data center paper as demand for digital infrastructure accelerates globally. Data center REITs have increasingly turned to European capital markets to fund expansion amid rising construction and energy costs.
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