DigiPlex secures 500 million in bonds

Proceeds from the bond issue will be used for the construction and long term financing of the 4,200 square metre ‘white space’ data centre in Fetsund near Oslo. The centre will be one of the most energy efficient data centres in the world; delivering ground breaking solutions that enable high levels of cooling with exceptionally low power.

The data centre’s main sole occupier, Evry, for whom the facility is being designed and built, is one of the largest IT service companies in the Nordic region. This strong partnership is what made the bonds popular with investors.

Byrne Murphy, Chairman, DigiPlex said: “As the first to secure bonds for construction financing, we are delighted that the offering was over-subscribed. Investors were attracted by DigiPlex’s strong capital structure, successful track record and strategic position offering highly efficient, green data centres.”

“Being independently owned gives us the flexibility to create opportunities like this. However, this approach isn’t limited to our investment; our operational approach is also innovative – our award winning Air to Air Cooling system is a prime example of this – a state of the art, low-energy air-cooling system designed to exploit Norway’s cooler climate.”

The first stage of the construction will feature two three-storey, air cooled buildings, each with the capacity for up to 15,000 servers in a density of two kilowatts per metre.

“The design caters for EVRY's strategic requirements. We also have the ability to build more space to create much needed additional capacity for DigiPlex`s international customers seeking high efficiency, secure and green data centres.” Byrne continues.

The Fetsund site is due to be in operation at the end of this year.