The International Finance Corporation (IFC), a global development agency focused on the private sector in emerging markets and a member of the World Bank Group, along with a consortium of six international financial institutions have committed more than US$900 million in financing for global data center operator Yondr Group's hyperscale data center campus in Malaysia.
DBS, Deutsche Bank, Global Infrastructure Partners (part of BlackRock), HSBC, ABN AMRO and CIB, the French foreign trade bank, joined IFC in the latest round of financing for the 98MW project in Johor Bahru. This represents the first phase of a 72.5-acre data center campus that will provide 300 megawatts of critical IT capacity upon completion. The project is expected to be one of the largest and most technologically advanced data centers in the Asia-Pacific region, supporting the region's rapidly growing demand for data processing capacity.
In May 2024, the IFC announced financing of up to US$150 million for Yondr's Malaysian project, including an initial bridge loan of US$50 million. This loan played a key role in advancing the project and attracting six international financial institutions to participate in the latest round of financing. The IFC has now committed to a second tranche of financing totaling US$100 million.
The Johor Park is a landmark development for Yondr and will be a key component of Asia's infrastructure as the region's demand for capacity continues to grow with the accelerated development of artificial intelligence and digital services. The campus will also be certified under IFC's green building certification system, Energy Efficiency by Design Excellence, which focuses on improving resource efficiency, with IFC acting as the Trustee-Lead Arranger for the financing package and DBS Bank, Deutsche Bank, HSBC, ABN AMRO and BNP Paribas acting as Trustee-Lead Arrangers, underwriters and bookrunners. , underwriter and bookrunner.