AirTrunk has secured a SGD2.25 billion green loan to develop its new hyperscale data centre in Loyang, Singapore.
This is the country’s largest-ever loan and green loan for a data centre.
The financing supports AirTrunk SGP2, which is an over 70 MW facility.
It will provide cloud and artificial intelligence compute capacity for Singapore and Southeast Asia.
AirTrunk designs the SGP2 campus to achieve a BCA GreenMark Platinum rating and a Power Usage Effectiveness (PUE) of 1.20, among the lowest in Singapore.
The facility incorporates green concrete and steel to cut embodied carbon.
Crédit Agricole CIB, DBS Bank and ING Bank were the Global Coordinators and Sustainability Structuring Agents for this financing structure.
The banks’ Singapore-based teams led the development and arrangement in partnership with a consortium of 23 other leading local and international financial institutions.
The Mandated Lead Arrangers and Bookrunners were MUFG Bank, Ltd, Natixis CIB, Standard Chartered Bank (Singapore) Limited, and United Overseas Bank Limited.
The financing begins as a green loan and includes an option to transition into a sustainability-linked loan (SLL).
All financial incentives from the loan will be directed to AirTrunk’s social impact fund.
