Malaysian data center project secures $900m in financing

DBS, HSBC, other lenders back Yondr's 'hyperscale campus' in Johor

Malaysia's Johor was chosen for Yondr's data center project due to its proximity to Singapore, which offers good connectivity and scalable IT infrastructure. © Reuters

MARS W. MOSQUEDA JR., DealStreetAsia

December 25, 2024 11:32 JST

CEBU, Philippines -- Yondr Group, a global developer, owner, and operator of hyperscale data centers, has raised a total of $900 million in commitments for its hyperscale data center campus in Malaysia.

The commitments include the second tranche of financing of $100 million from World Bank Group member International Finance Corporation (IFC) and investments from a consortium of six international financial institutions.