The private loan will back the construction of data centres in Johor. — Bloomberg
SINGAPORE: Yondr Group Ltd, a global developer and operator of data centres, is seeking private debt of about US$500mil to fund a project based in Malaysia, according to people familiar with the matter.
The private loan, which could have a tenure of around five years, will back the construction of data centres in the southern state of Johor in Malaysia, according to people familiar with the matter. Discussions remain ongoing, and the deal’s details are subject to change, the people added, requesting anonymity discussing a private matter.
A spokesperson for Yondr declined to comment. Yondr’s latest planned financing underscores how tech companies and financiers are bankrolling data centres across Asia to support an accelerating boom in artificial intelligence development and services. — Bloomberg
