New Issue Commentary — Equinix Europe 2 Financing Corporation LLC
Dealer commentary on this issuer’s latest new issue, summarised.
Equinix Europe 2 Financing Corporation LLC launched a fourtranche EUR green bond (2, 6, 9 and 12year) on 3 November 2026, with indicative price thoughts of MS+110bp, MS+170bp, MS+200bp and MS+230bp area on EUR 500m expected for each tranche. The launch spreads were set 25bp inside the IPTs across all four tranches, with sizes set at EUR 650m, EUR 700m, EUR 500m and EUR 650m respectively. The deal priced on 4 November at the launch levels, with coupons of 4.15%, 4.8%, 5.1% and 5.45% and a settlement date of 9 November 2026. Early drafts showed the 2year maturity as 9 November 2027, while later updates showed 9 November 2028.
| Tranche | Tenor | Coupon | Ccy | Size | Rank | Maturity |
|---|---|---|---|---|---|---|
| EUR 2-Year Green Bond | 2yr | 4.15% Fixed, Annual, ACT/ACT (ICMA) | EUR | EUR 650m | Senior Unsecured | 9 Nov 2028 |
| EUR Long 6-Year Green Bond | Long 6yr | 4.8% Fixed, Annual, ACT/ACT (ICMA) | EUR | EUR 700m | Senior Unsecured | 15 Feb 2033 |
| EUR 9-Year Green Bond | 9yr | 5.1% Fixed, Annual, ACT/ACT (ICMA) | EUR | EUR 500m | Senior Unsecured | 9 Nov 2035 |
| EUR 12-Year Green Bond | 12yr | 5.45% Fixed, Annual, ACT/ACT (ICMA) | EUR | EUR 650m | Senior Unsecured | 9 Nov 2038 |