More than 40 banks have piled into data centre operator AirTrunk’s $4.6 billion novel debt deal linked to its carbon, energy and water usage, snapping a lacklustre year for Australian borrowers in sustainable financing markets.
Debt capital markets have been idle as companies digest higher borrowing costs from global markets.
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Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
