Singapore-based DayOne Data Centers has secured MYR 15 billion (about $3.54 billion) in funding to support eco-friendly digital infrastructure projects.
According to OCBC, the financing includes a MYR 7.5 billion Islamic loan and a $1.7 billion loan from overseas.
This funding follows green loan standards, with some of the money going toward refinancing and building DayOne’s data centers in Johor. These centers are designed to meet, or are expected to meet, the high environmental standards of LEED ‘Gold’ or above, setting a new example for sustainable digital infrastructure.
OCBC Bank (Malaysia) and its parent company, Oversea-Chinese Banking Corporation Limited from Singapore, helped organize and lead the funding deal. They also handled green financing and provided advice on Islamic finance (Shariah), with OCBC Bank acting as a joint adviser.
DayOne, based in Singapore, is a global company that builds and runs digital infrastructure. It is growing fast in both primary and developing markets, including places like Singapore, Johor in Malaysia, Batam in Indonesia, Greater Bangkok, Hong Kong, Tokyo, and more.
DayOne is supported by top investors and uses its technology, global network of suppliers, strong customer relationships, and experienced team to build and grow large-scale digital infrastructure.
“We are honoured to partner with DayOne in fulfilling its aspirations and financing needs in Malaysia,
“As one of the largest integrated financial services groups in the region, OCBC’s regional strength enables us to support both the onshore and offshore tranches of this landmark syndication,” said Tan Chor Sen, Chief Executive Officer, OCBC Bank.
“As a key MLAB, we supported DayOne with one of the highest underwriting commitments, reflecting our commitment to fostering a sustainable future that aligns with our leadership in responsible finance,” he added.
Tan Ai Chin, Managing Director and Head of Investment Banking at OCBC Bank said the bank is proud to have played a leading role in arranging this important financing deal.
“The ‘double-green’ structure—merging Islamic and sustainable finance coupled with the green feature of the facility—drew overwhelming demand, with oversubscription of two times by local and international banks,
“We have been a leader in digital infrastructure financing regionally and remain dedicated to delivering tailored ESG financing solutions to drive sustainable digital infrastructure ecosystems forward,” he added.
Several other major banks also helped lead the financing, including CIMB, Crédit Agricole, DBS, Maybank, Standard Chartered, and UOB from both Singapore and Malaysia.
OCBC, which was created in 1932 when three local banks merged, is now the second-largest financial group in Southeast Asia based on its total assets.
OCBC offers a wide range of financial services. These include everyday banking for individuals and businesses, investment and private banking, insurance, managing assets, and even stock trading.
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