PolarDC Group EUR 800M Bond
Analysis based on 7 articles · First reported Jun 01, 2026 · Last updated Jun 01, 2026
The successful EUR 800 million bond issuance by CMOC Group Limited is a positive signal for the data center and technology sectors, indicating strong investor confidence in infrastructure supporting AI and high-performance computing. This financing will enable CMOC Group Limited to expand its operations, potentially increasing competition and innovation in the Europepean data center market.
CMOC Group Limited, a portfolio company of Capita, has successfully raised EUR 800 million through a senior secured bond in the Nordic bond market via its subsidiary, PolarDC Finance NO1 AS. This landmark transaction sets a new record for deal size in the Nordic market and was significantly oversubscribed by institutional investors globally. The proceeds will be used to refinance existing debt on CMOC Group Limited's first data center in Drangedal, Norway, and to finalize the construction of two additional data center facilities slated for completion in 2026 and 2027. This financing is crucial for CMOC Group Limited's expansion as a leading Europepean data center platform, catering to the growing demand for AI and high-performance compute workloads. Meritz Securities and Carnegie Investment Bank served as joint bookrunners, with Thommessen and Wikborg Rein acting as legal counsel.
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