Crédit Agricole CIB supports DayOne Data Centers in benchmark data centre financing in Malaysia

DayOne Data Centers, a leading Singapore-based data centre operator, has secured MYR15 billion (US$3.5 billion) of multicurrency dual-tranche financing to support its data centres in Johor, Malaysia, marking its biggest-ever loan. 

The financing includes MYR7.5 billion in Murabaha Islamic financing and a US$1.7 billion offshore term loan facility, tapping both liquidity from onshore bank market and offshore lenders. The deal attracted strong interest from local and international banks, achieving an oversubscription of two times. Proceeds will fund refinancing and capital expenditures for DayOne’s data centres that are expected to obtain Leadership in Energy and Environmental Design (LEED) Gold certification, reinforcing its commitment to sustainable digital infrastructure. 
DayOne’s anchor data centre campuses will be located at Nusajaya and Kempas Tech Parks in the state of Johor, and will be part of investments into the Johor-Singapore Special Economic Zone. Johor is emerging as a strategic data centre hub in Southeast Asia, capitalising on its proximity to Singapore, to meet the rising demand for artificial intelligence. The state is expected to host 60% of Malaysia’s total data centre capacity by 2030.

As Mandated Lead Arranger, Bookrunner, Underwriter and Joint Coordinator for the USD tranche, Crédit Agricole CIB played a pivotal role in delivering critical funding to fuel DayOne’s expansion. This transaction highlights the Bank’s global expertise in data centre financing and tailoring solutions that support clients in accessing diverse liquidity pools to achieve scalable, funding.