DayOne Data Centers Secures RM15 Billion Johor Financing From Seven-Bank Group Including DBS, Maybank and CIMB
A consortium of seven lenders has arranged an expanded multi-currency financing of RM15 billion (SGD 4.80 billion) for DayOne Data Centers to support continued development of its data centre platform in Johor, Malaysia, DBS announced on Oct. 14, 2026. The lenders are CIMB, Crédit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB.
Together with a RM15 billion multi-currency financing secured in 2025, the new package brings DayOne's Johor financing platform to RM30 billion (SGD 9.60 billion).
Structure of the DayOne Data Centers Financing
The latest package consists of an additional USD 2.4 billion (SGD 3.07 billion) offshore term loan facility and a RM5.5 billion (SGD 1.73 billion) Murabahah facility, an Islamic financing structure. Together, the two facilities total RM15 billion.
CIMB, Crédit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB acted as Mandated Lead Arrangers, Bookrunners and Joint Coordinators. DBS said the additional financing will fund the next phase of capacity development across the DayOne platform.
The transaction is a development financing for data centre infrastructure rather than a property acquisition or refinancing, so the headline amount should not be read as a property price or translated into a capitalization rate. DayOne is the sponsor and borrower, with the seven banks serving as lenders.
DayOne's Johor Data Centre Platform
DayOne was established in 2022 and has expanded across Asia and Europe, with a presence in Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong SAR, Finland and Spain.
The company's Johor platform spans two campuses, Nusajaya Tech Park and Kempas Tech Park, which have direct connectivity to Singapore. DayOne's website reports more than 478 MW of operational capacity across the two campuses, while a separate company page describes 390 MW of certified capacity backed by renewable-energy arrangements. The company markets the campuses as LEED-certified facilities supported by renewable-energy power purchase arrangements.
A data centre directory lists the Nusajaya Tech Park campus at 3, Lingkaran, Jalan Teknologi Perintis 1, 79200 Iskandar Puteri, Johor. It identifies a phase comprising Nusajaya 1, 2 and 3 with 22,500 square metres of net floor area and 69.5 MW of IT capacity. That phase does not necessarily represent the full DayOne platform or the entire Nusajaya campus.
Lender Commentary on Malaysia's Digital Infrastructure Market
Executives from the participating banks tied the financing to demand for artificial intelligence, cloud computing and digital services.
Amit Sinha, Global Head of Telecommunications, Media and Technology at DBS, said: "AI is driving one of the largest investment cycles Asia has seen in decades. The Johor-Singapore corridor is increasingly becoming a strategic node in the AI ecosystem, combining Singapore's strengths as a global financing and connectivity hub with Johor's capacity to host digital infrastructure."
Chu Kok Wei, Chief Executive Officer of Group Wholesale Banking at CIMB Group, said CIMB is the largest financier across DayOne's combined RM30 billion of financings, spanning both the inaugural and latest facilities.
Dato' John Chong, Group CEO of Global Banking at Maybank, said Maybank is the largest overall provider of ringgit Islamic financing commitment for DayOne. He added that the bank expects the JS-SEZ Blueprint and Masterplan to further catalyse investment in the area.
Jasmine Zhang, Head of Telecom Finance Asia Pacific at Crédit Agricole CIB, said Malaysia's data centre supply capacity is growing at nearly 39% CAGR from 2023 and is expected to reach 4.2 to 6.1 gigawatts by 2030.
Elaine Lam, Head of Global Corporate Banking at OCBC, said the financing builds on OCBC's longstanding partnership with DayOne and the 2025 financing for the same Johor platform. Chow Wan Thonh, Head of Coverage for Singapore and ASEAN at Standard Chartered, said Malaysia has emerged as a critical node in the region's AI infrastructure buildout. Edmund Leong, Head of Group Corporate Banking at UOB, described UOB as DayOne's primary relationship bank.
Market Context: Johor and Regional Data Centre Demand
Johor offers lower-cost land and greater development space than Singapore, along with proximity to Singapore's financial, connectivity and technology ecosystem. The lenders described the Johor-Singapore corridor as an emerging node in the regional AI infrastructure network.
Data centres built for AI workloads are capital-intensive. Large facilities require long-lead investment in substations, transmission connections, backup systems, cooling, fiber connectivity and specialized buildings before capacity can be leased or fully monetized. A multi-bank structure spreads underwriting exposure and gives DayOne access to both conventional offshore debt and ringgit Islamic financing.
The financing funds continued construction and expansion rather than stabilized assets. Key execution factors for the platform include power delivery, construction timing, equipment procurement and conversion of financed capacity into contracted hyperscale and AI demand.
Sources
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