DayOne, the Singapore-based data centre developer, said on Tuesday it had secured an additional RM15 billion, about $3.67 billion, in financing from a consortium of seven banks to fund its expansion in Malaysia. The lenders are DBS, Standard Chartered, CIMB, Maybank, Credit Agricole CIB, OCBC and UOB.
The package has two parts: a $2.4 billion offshore term loan facility and an RM5.5 billion Murabahah facility, the Islamic financing structure that dominates large Malaysian project deals alongside conventional debt. Reuters reported the new money expands on a previously granted RM15 billion loan from 2025, taking the bank support behind the Malaysian buildout well beyond a single facility.
The money is earmarked for hyperscale capacity in Johor, the state across the causeway from Singapore that has become Malaysia’s principal data centre destination. DayOne operates two Johor facilities, at Nusajaya Tech Park and Kempas Tech Park, with about 120MW combined, and has been buying land in Johor and Selangor for the next phase.
The financing lands while DayOne prepares a Nasdaq initial public offering. Its prospectus put capacity in service at 962MW as of September 20, up from 675MW in June, with 1.3GW under construction and delivery expected by December 2028. The company has also lined up an on-site generation study of up to 1.5GW in Selangor with a Tenaga Nasional subsidiary, a sign that power supply, not demand, is the binding constraint on the pipeline the banks are funding.