Vantage Data Centers has announced it has successfully issued its inaugural bonds in the APAC region through its wholly-owned subsidiary PowerDC Holdco Pte.

The offerings include a five-year SGD$100 million (US$74m) bond and a three-year HKD$300 million (US$38.5m) bond.

The bonds are listed on the Singapore Exchange and are guaranteed by Credit Guarantee & Investment Facility, a trust fund of the Asian Development Bank. ING serves as the sole global coordinator and joint lead manager, facilitating bond issuance in Singapore and Hong Kong.

Proceeds from the bonds will be used to refinance PowerDC’s outstanding debt.

“The bond issuances represent a first-of-its-kind on many fronts. This is only made possible due to the team’s relentless pursuit of innovative and trailblazing financing strategies, which enables Vantage to diversify its funding sources and extend our APAC investor base to debt capital investors,” said Joel Cheah, chief financial officer, APAC for Vantage Data Centers.

“We are delighted with the strong investor interest shown in our APAC business; the oversubscription and success of this bond issuance is a clear endorsement of our financial standing, creditworthiness, and business strategy.”

DigitalBridge-owned Vantage entered the APAC market in 2021 after DigitalBridge acquired PCCW’s data center business and merged both it and AgileDC into Vantage.

Vantage’s APAC portfolio includes 452MW of operational and planned IT capacity across five markets in Australia, Hong Kong, Taiwan, Japan, and Malaysia.

Earlier this year, Vantage broke ground on a 256MW data center campus in Cyberjaya, Malaysia.