{"id":890419,"date":"2024-12-23T17:48:23","date_gmt":"2024-12-23T12:18:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=890419"},"modified":"2024-12-24T07:42:39","modified_gmt":"2024-12-24T02:12:39","slug":"consortium-including-world-banks-ifc-to-lend-900-million-for-yondrs-malaysian-data-centre","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/23\/consortium-including-world-banks-ifc-to-lend-900-million-for-yondrs-malaysian-data-centre\/","title":{"rendered":"Consortium including World Bank&#8217;s IFC to lend $900 million for Yondr&#8217;s Malaysian data centre"},"content":{"rendered":"<p>A consortium of seven financial institutions, including the World Bank&#8217;s private investment arm International Finance Corporation, will lend more than $900 million to Yondr Group to develop its hyper-scale data-centre campus in Malaysia, the IFC said on Monday. <\/p>\n<p>The financing comes at a time when investors are eagerly lining up globally to get a piece of the booming data centre space in Asia-Pacific despite rich valuations driven by a rapid surge in demand for artificial intelligence-based services. <\/p>\n<p>The consortium includes Southeast Asia&#8217;s largest lender DBS , HSBC, Deutsche Bank, ING, Natixis CIB, and Blackrock&#8217;s Global Infrastructure Partners. <\/p>\n<p>The consortium will provide the latest round of financing for the Yondr Group&#8217;s 98 megawatts (MW) project in Johor Bahru, the capital city of the southern Malaysian state of Johor where a special economic zone is being planned with Singapore. <\/p>\n<p>The UK-based Yondr&#8217;s 72.5-acre data centre project will have a 300 MW capacity once completed, IFC said in its statement. <\/p>\n<p>The IFC had announced a financing package of up to $150 million for the project in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of seven financial institutions, including the World Bank&#8217;s private investment arm International Finance Corporation, will lend more than $900 million to Yondr Group to develop its hyper-scale data-centre campus in Malaysia, the IFC said on Monday. The financing comes at a time when investors are eagerly lining up globally to get a piece of the booming data centre space in Asia-Pacific despite rich valuations driven by a rapid surge in demand for artificial intelligence-based services. The consortium includes Southeast Asia&#8217;s largest lender DBS , HSBC, Deutsche Bank, ING, Natixis CIB, and Blackrock&#8217;s Global Infrastructure Partners. The consortium will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-890419","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=890419"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890419\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}