EQT-owned data center operator EdgeConneX is planning to issue asset-backed securities, using European data centers as collateral, to raise at least €600 million, sources told Bloomberg News.

The issuance could be launched as early as next week. The financing is linked to the company's data centers in Amsterdam, Barcelona, Brussels, Dublin, Munich, and Warsaw. Morgan Stanley is leading the process.

EQT and Morgan Stanley have declined to comment, while EdgeConneX has not yet responded to a request.