Singapore's PDG secures $1.3 billion for Johor data hub
Singapore-based PDG has secured $1.3 billion in financing for its data hub in Johor, underwritten by six banks including HSBC, Maybank and OCBC.
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giftdetect· the right gift in minutesSingapore's PDG has secured $1.3 billion in financing for a data hub in Johor, Malaysia. Six banks underwrote the facility: Affin Bank, HSBC, Maybank, OCBC, Standard Chartered and UOB.
The lender group mixes Malaysian, Singaporean and international institutions. That reflects the cross-border nature of the project, which sits in Johor, the Malaysian state bordering Singapore.
Why it matters
A financing package of this size, backed by six banks, shows continued lender appetite for data center projects in the region. Johor has become a focal point for such developments close to Singapore.
Details such as the project's capacity, the loan structure, the tenor and the construction timeline were not part of the information available at the time of writing.
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