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DigiPlex launches data center bond on Oslo Stock Exchange

Wed, 30th Oct 2019
FYI, this story is more than a year old

DigiPlex has taken its place on the Oslo Stock Exchange, with what it calls ‘the largest ever Nordic data center bond'.

 Back in April, the company issued a substantially oversubscribed NOK 1.80 billion senior secured bond. Now that bond is listed on the Oslo Stock Exchange.

"The strong investor interest, substantial oversubscription and the healthy trading development post issuance is a clear testament to the strong credit story and track record of DigiPlex built over almost two decades of operations,” comments DigiPlex co-owner and chairman Byrne Murphy.

“The market is clearly very receptive to profitable growth, high customer retention, leading market presence and a high-quality management team - we will continue to assess future financing options to fuel our growth."

 "We see an incredible growth potential in the Nordic region driven by both international demand and Nordic enterprises moving their digital infrastructure from on-premise solutions into combinations of colocation and cloud. DigiPlex is very well placed to capture these exciting market opportunities,” adds DigiPlex CEO Gisle M. Eckhoff.

The bond issue follows a number of recent initiatives taken by DigiPlex to strengthen its position in the Nordic region.

 DigiPlex recently announced two additional sites in Norway to meet international demand for cost effective and green Nordic data center capacity.

The two new data centers will be located in Fetsund and Hobøl. The new Fetsund facility will be located at the DigiPlex Fetsund campus adjacent to the company's current 10MW facility. The second centre will be located in Hobøl, where DigiPlex has acquired a 40,000 m² plot with an option to purchase an additional 27,000 m².

 The NOK 600 million investment will help the two centres to become operational before the end of 2020.

Earlier this year, DigiPlex launched its Nordic Connect Platform, linking its main data centers in Norway, Sweden and Denmark, to create a unique cross-border eco-system.

This followed progress in 2018 which saw the company expanding two of its data centers in Oslo, and entering the Danish market with the acquisition of a Telia data center in central Copenhagen. In the recent past, DigiPlex has secured several major new customers including Microsoft, AWS, Iver (formerly known as Candidator), and NetNordic.

Investments in innovation, environmental sustainability and a transformation of its brand have seen DigiPlex win a number of awards including "Best Data Center Energy Solution", "Data Center Operations Team of the Year - Colo + Cloud", and the prestigious title "Renewable Energy Technology of the Year". DigiPlex is the most recognized data center brand amongst the Nordic C-Suite, and a certified `Great Place to Work'.

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