Maybank underwrites RM2.5bil in landmark Islamic green financing for data centres
KUALA LUMPUR: Maybank is underwriting RM2.5bil, which is one-third and the largest share of the biggest syndicated Islamic financing for data centres in Asia Pacific, to support DayOne Data Centers Singapore Pte Ltd's green data centres in the Johor-Singapore Special Economic Zone (JS-SEZ).
In a statement, Maybank said this onshore Ringgit Islamic tranche amounts to RM7.5bil, and an equivalent US dollar-denominated offshore conventional tranche, forming a five-year, dual-currency green financing package totalling RM15bil.
The borrower, WG Data Hub Sdn Bhd, a wholly owned subsidiary of DayOne, shall use the proceeds to develop Leadership in Energy and Environmental Design (LEED) Gold-certified data centres. LEED is an internationally recognised and globally utilised green building certification system.
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.
'This landmark transaction represents Maybank's largest Islamic financing commitment to the data centre sector. It highlights our unique position and global leadership in structuring and promoting Islamic and green finance,' president and group CEO Datuk Khairussaleh Ramli said.
'As the only homegrown ASEAN bank with a presence in all 10 key markets, Maybank's regional footprint and insights give us a distinct edge in supporting clients entering the JS-SEZ. This is backed by establishing a dedicated JS-SEZ Desk, and commitment to position the zone as a vibrant regional hub.'
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