Global data-center operator Yondr Group has raised over $900 million from International Finance Corporation (IFC) and a consortium of six international financial institutions to finance its hyperscale data-center campus in Malaysia.

IFC said in a statement on Monday that DBS, Deutsche Bank, Global Infrastructure Partners (a part of Blackrock), HSBC, ING and Natixis CIB have joined IFC in the latest round of financing for the 98-megawatt project in Johor Bahru, which is the first phase of a 72.5-acre data center campus that is set to deliver 300 megawatts of critical information technology (IT) capacity when fully complete.

The project is set to become one of the largest and most technologically advanced data centers in Asia Pacific, supporting rapidly growing demand for data processing capacity in the region.

IFC announced an up to $150 million financing package for Yondr’s Malaysia project in May 2024, comprising an initial $50 million bridge loan that played a crucial role in advancing the project and attracting the six international financial institutions into this most recent financing round.

IFC has now committed its second tranche of financing of $100 million alongside financing from the other lenders.

“Our Johor campus is a landmark development for Yondr and will become an important part of Asia’s infrastructure as demand for capacity continues to grow in the region, driven by the acceleration of artificial intelligence and digital services,

“Our success in securing a substantial loan facility to help complete the first phase of this campus highlights trust in the Yondr brand from leading financial institutions, following a number of major project milestones we have delivered this year in Europe and North America,” said Chester Reid, Chief Financial Officer at Yondr.

The campus will also be certified by the Excellence in Design for Greater Efficiencies green building program, IFC’s green building certification system focused on making buildings more resource efficient.

“We’re delighted to commit this second tranche of our financing for Yondr’s data-center campus in Malaysia,

“This project will not only help to accelerate the digital transformation of the wider Asia-Pacific region, but also serves as a strong example of how IFC’s tailored financing solutions can de-risk projects and drive private-sector investment into emerging markets,” said Judith Green, the World Bank Group’s Country Manager for Malaysia.

IFC acted as mandated lead arranger of the financing package, while DBS, Deutsche Bank, HSBC, ING and Natixis acted as mandated lead arrangers, underwriters and bookrunners.

The project is IFC’s third investment in Malaysia since establishing a presence in the country in 2023.

Yondr Group is a global developer, owner and operator of hyperscale data centers.

The company specializes in delivering and operating dedicated infrastructure that is engineered for scale.

IFC is the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group.

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