KUALA LUMPUR: DayOne Data Centers has closed a landmark RM15bil equivalent multicurrency financing, comprising a RM7.5bil Murabahah Term Financing facility and a US$1.7bil offshore term loan facility.
OCBC Bank (M) Bhd and its parent, Singapore-based Oversea-Chinese Banking Corporation Limited, acted as joint coordinator, mandated lead arranger, bookrunner, and green financing coordinator (MLAB), with OCBC Bank also serving as joint Shariah adviser.
The financial close was commemorated at a signing ceremony held today.
In a statement, OCBC Bank said the dual-tranche financing—structured under the Green Loan Principles—will partially fund the refinancing and capital expenditure of DayOne’s data centres in Johor, which meet or are expected to meet LEED ‘Gold’ or higher certification by the U.S. Green Building Council, setting a new benchmark for sustainable digital infrastructure.
Headquartered in Singapore, DayOne is a global leader in digital infrastructure, with a growing footprint across tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo, and beyond.
OCBC Bank Chief Executive Officer Tan Chor Sen said that, as one of the largest integrated financial services groups in the region, OCBC's regional strength enables it to support both the onshore and offshore tranches of this landmark syndication.
“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.”
Meanwhile, OCBC Bank managing director, senior banker and head of investment banking Tan Ai Chin said: “OCBC Bank is honoured to have acted as MLAB for this landmark financing, underscoring our dominance as the top lead arranger in the syndicated loan market. 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,” she said.
The financing also involved CIMB Investment Bank Bhd, CIMB Bank Bhd (Singapore Branch), Crédit Agricole CIB, DBS Bank Ltd, Maybank Investment Bank Bhd, Standard Chartered Bank (Singapore), United Overseas Bank Limited, and UOB (M) Bhd as MLABs.
