DayOne Secures $3.54 Billion for Its Malaysian Data Centers

DayOne Data Centers has closed its $3.54 billion equivalent multicurrency financing for sustainable digital infrastructure funding, according to Singapore-headquartered Oversea-Chinese Banking Corporation (OCBC).

Local media reports citing OCBC, said that the funding comprising a $1.78 billion Murabahah term financing facility and a $1.7 billion offshore term loan facility.

Structured under the green loan principles, part of the proceeds from the dual-tranche financing (onshore Islamic and offshore conventional) is for refinancing and to support capital expenditure for DayOne’s data centers in Johor that meet or expected to meet LEED ‘Gold’ or higher certification (U.S. Green Building Council), setting a new benchmark for green digital infrastructure.

OCBC Bank (Malaysia) Berhad (OCBC Bank) and its parent Singapore-based Oversea-Chinese Banking Corporation Limited acted as Joint Coordinator and Mandated Lead Arranger and Bookrunner and Green Financing Coordinator (MLAB), with OCBC Bank also acting as Joint Shariah Adviser.

Headquartered in Singapore, DayOne is a global player in digital infrastructure platforms with a growing presence across both tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo, and beyond.

Backed by leading institutional investors, DayOne leverages its proprietary technology, global supply chain, deep customer engagement and collaboration, and strong management expertise to deliver scalable digital infrastructure.

Landmark Syndication

“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,” OCBC Bank CEO Tan Chor Sen said.

“As Mandated Lead Arranger and Bookrunner (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, Senior Banker, Coverage and Head of Investment Banking, OCBC Bank, said that their bank has acted as MLAB for this landmark financing, underscoring its 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, he said.

“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.

The financing also involved CIMB Investment Bank Berhad, CIMB Bank Berhad (Singapore Branch), Crédit Agricole CIB, DBS Bank Ltd, Maybank Investment Bank Berhad, Standard Chartered Bank (Singapore), United Overseas Bank Limited, and UOB (Malaysia) Berhad as MLABs.

Formed in 1932 from the merger of three local banks, OCBC is the second largest financial services group in Southeast Asia by assets.

The group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.