Digital Realty Closes CHF 510 Million Swiss Bond Offering

Digital Realty announced on October 6, 2026 that Digital Constellation B.V., an indirect wholly-owned finance subsidiary of the company’s operating partnership, Digital Realty Trust, L.P., has closed an offering of CHF 510 million of Swiss franc-denominated bonds across three tranches. Digital Realty describes itself as a leading global provider of carrier- and cloud-neutral data center, colocation and interconnection solutions.

The offering comprises CHF 225 million of 1.6803% Swiss bonds due 2029, CHF 185 million of 2.0600% Swiss bonds due 2032 and CHF 100 million of 2.4150% Swiss bonds due 2036. The bonds are senior unsecured obligations of Digital Constellation B.V. and are fully and unconditionally guaranteed by Digital Realty Trust, Inc. (DLR ), the operating partnership and Digital Intrepid Holding B.V.

Interest on each series is payable annually in arrears at the stated rate from and including October 6, 2026. The 2029 bonds mature on October 8, 2029, the 2032 bonds mature on October 6, 2032 and the 2036 bonds mature on October 6, 2036.

Pricing, Guarantees and Distribution

The Swiss bonds were sold only outside the United States in reliance on Regulation S under the Securities Act of 1933 and have not been registered under the Securities Act. According to a Form 8-K the company filed with the SEC on October 6, 2026, Digital Constellation B.V. priced the Swiss Franc Notes on September 28, 2026, with issuance expected on October 6, 2026 subject to the satisfaction of customary closing conditions. In Switzerland, the notes were sold pursuant to a public offering made in reliance on an exemption from the obligation to publish a prospectus approved by a Swiss review body under article 51(2) of the Swiss Financial Services Act and article 60 of the Swiss Financial Services Ordinance, the filing states.

The 8-K identifies Digital Intrepid Holding B.V. as an indirect wholly owned holding and finance subsidiary of the operating partnership that holds the Interxion business. Net proceeds from the Swiss Franc Notes offering were expected to be approximately CHF 508.4 million after deducting the managers’ commissions and certain offering expenses, according to the filing. The report was signed by Jeannie Lee, Executive Vice President, General Counsel and Secretary.

Use of Proceeds

According to the closing announcement, the company intends to allocate an amount equal to the net proceeds from the Swiss bonds to finance or refinance, in part or in full, new and/or existing projects consistent with Digital Realty’s Green Bond Framework, including the development and redevelopment of such projects. Pending that allocation, all or a portion of an amount equal to the net proceeds may temporarily be used to repay borrowings outstanding under the operating partnership’s global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term interest-bearing securities consistent with the company’s intention to qualify as a REIT for U.S. federal income tax purposes, and provide for working capital and other general corporate purposes, potentially including the repayment of other debt or the redemption, repurchase, repayment or retirement of outstanding equity or debt securities.

The Form 8-K also reports that on October 6, 2026, Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership, commenced a separate offering of Euro-denominated Guaranteed Notes. The Euro Notes are to be senior unsecured obligations of Digital Euro Finco, LLC and fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership, offered only outside the United States in reliance on Regulation S. Consummation of that offering is subject to market and other conditions, with final terms to be determined at the time of pricing. The filing states the company intends to allocate an amount equal to the net proceeds from the Euro Notes to finance or refinance, in part or in full, new and/or existing projects in categories it defines as Eligible Green Projects: renewable energy, energy efficiency, pollution prevention and control, environmentally sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, clean transportation, sustainable water and wastewater management, climate change adaptation and green building projects.

Digital Realty states on its green bond program page that since 2015 it has completed the allocation of $8.5 billion in green bonds supporting green buildings, renewable energy and energy efficiency across its global data center portfolio, and that its Green Bond Framework is aligned with the ICMA Green Bond Principles and the UN Sustainable Development Goals. Prior company-disclosed allocations include a July 2021 green bond of CHF 542,300,000, allocated to seven projects meeting LEED or CASBEE standards as well as a renewable energy project and various energy efficiency projects, and a September 2024 allocation of €848,665,500 supporting the development of six projects meeting LEED, BREEAM or G-SEED standards.