DayOne and seven banks double Johor data-center financing to RM30 billion a week after the Nasdaq filing

Singapore data-center developer DayOne said Tuesday, Oct. 13, that a consortium of seven banks had arranged an additional 15 billion ringgit, about $3.67 billion, to expand its hyperscale platform in Johor, Malaysia, DealStreetAsia reported, citing Reuters. The new package is a $2.4 billion offshore term loan plus a 5.5 billion ringgit Murabahah facility. Together with the 15 billion ringgit multi-currency financing DayOne secured in 2025, the platform now totals 30 billion ringgit.

The lenders named as mandated lead arrangers, bookrunners and joint coordinators are CIMB, Crédit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB, according to a joint release published by UOB. CIMB said it is the largest financier across the combined 30 billion ringgit of facilities. Maybank said it is the largest provider of ringgit Islamic financing to DayOne.

Murabahah is Islamic cost-plus financing. The bank buys an asset for the client and sells it back with a markup instead of charging interest. The Edge Singapore spelled that out in its write-up of the deal. Roughly half of Tuesday's new money is conventional offshore dollars. The other half is sharia-structured ringgit.

Johor, just across the causeway from Singapore, has become Malaysia's main data-center corridor. Crédit Agricole CIB's Jasmine Zhang, quoting Boston Consulting Group figures in the lenders' release, said Malaysia's data-center supply capacity is on track for nearly 39% compound annual growth from 2023, to reach 4.2 to 6.1 gigawatts by 2030. DBS called the Johor-Singapore corridor a strategic node for AI infrastructure. The Edge Malaysia and The Business Times carried the same numbers from the joint statement.

Eight days earlier, on Oct. 5, DayOne filed a Form F-1 with the U.S. Securities and Exchange Commission for a proposed Nasdaq listing of American depositary shares under the ticker DODC, the company said. Morgan Stanley, J.P. Morgan, BofA Securities and Citigroup are the underwriters. The number of shares and the price range are not set. The registration is not yet effective.

That sequence is the story the financing releases skip. Seven ASEAN and European banks just underwrote another 15 billion ringgit of buildings and power in Johor while US equity markets still have no IPO price to argue about. The shells are being banked first. The public valuation comes later, if it comes.

DayOne was founded in 2022 and lists sites in Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland and Spain, per the lenders' release.

The IMF's October World Economic Outlook, out the same morning, called AI investment a front-loaded demand shock into chips, data centers and power before broad productivity gains arrive. Tuesday's facility is what that demand looks like when it clears a credit committee: 30 billion ringgit of capacity loans on one Johor platform, half of the latest tranche priced without interest at all.

The IPO prospectus will eventually ask public investors what those shells are worth; the banks already put 30 billion ringgit on the answer.

Sources

• UOB / seven-lender joint release: Expanded multi-currency financing for DayOne Johor (Oct 13, 2026)
• DealStreetAsia / Reuters: DayOne secures $3.7b from banks for Malaysia data centre expansion (Oct 13, 2026)
• The Edge Singapore: DayOne inks multi-currency financing arrangement with seven banks (Oct 13, 2026)
• The Edge Malaysia: DayOne secures additional RM15b financing for Johor data centre expansion (Oct 13, 2026)
• The Business Times: DayOne's Johor data centre project gets RM15 billion boost (Oct 13, 2026)
• DayOne: Files registration statement for proposed IPO (Oct 5–6, 2026)