Kuala Lumpur: Maybank is underwriting RM2.5 billion, which constitutes one-third and the largest share of the biggest syndicated Islamic financing for data centres in the Asia Pacific region, to support DayOne Data Centers’ (DayOne) green data centres in the Johor-Singapore Special Economic Zone (JS-SEZ).

According to BERNAMA News Agency, this financing involves an onshore ringgit Islamic tranche amounting to RM7.5 billion and an equivalent US Dollar-denominated offshore conventional tranche. Together, these form a five-year, dual-currency green financing package totalling RM15 billion. The funds will be used by WG Data Hub Sdn Bhd, a wholly owned subsidiary of DayOne, to develop data centres with Leadership in Energy and Environmental Design (LEED) Gold certification and above. LEED is a globally recognised green building certification system.

Maybank’s president and group chief executive officer, Datuk Khairussaleh Ramli, emphasized the significance of this transaction, noting that it 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,’ he stated in a release today.

Headquartered in Singapore, DayOne is a global pioneer in digital infrastructure platforms with an expanding presence in both tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Bangkok, Hong Kong, and Tokyo. Its main data centre campuses will be situated in Nusajaya and Kempas Tech Parks, both located within the JS-SEZ, and are expected to hold a substantial share of the company’s planned capacity across ASEAN and Japan.