- Singapore’s largest-ever loan and green loan for a data centre
- Strong leadership from Singapore-based financial institutions
- Margin incentives directed to AirTrunk’s social impact fund to support community programs in Singapore
Asia Pacific & Japan (APJ) hyperscale data centre specialist, AirTrunk, has secured a landmark S$2.25 billion green loan in Singapore to support the development of a new hyperscale data centre, AirTrunk SGP2.
This transaction – Singapore’s largest-ever loan and green loan for a data centre – marks a major milestone in sustainable digital infrastructure financing in the region. It reflects growing momentum in the shift toward responsible investment and accelerates Singapore’s trajectory as a world-leading green finance hub – a vision championed by the Monetary Authority of Singapore (MAS).
The loan aligns with the Technical Screening Criteria of the Singapore-Asia Taxonomy for Sustainable Finance and AirTrunk’s Green Financing Framework.
Crédit Agricole CIB, DBS Bank and ING Bank were the Global Coordinators and Sustainability Structuring Agents for this innovative 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 – reinforcing the company’s commitment to long-term positive impact in Singapore.
AirTrunk Founder & Chief Executive Officer, Robin Khuda, said: “This landmark transaction – Singapore’s largest loan and green loan for a data centre – strengthens AirTrunk’s leadership in sustainable finance and reflects strong market confidence in AirTrunk’s growth and sustainability strategy.
“This financing structure highlights the strength, depth, and international scale of Singapore’s financial ecosystem. We’re proud to contribute to the nation’s momentum as a world-leading green finance hub while scaling our platform responsibly to deliver lasting social impact for the Singapore community,” he said.
Crédit Agricole CIB Head of Telecom Finance for Asia-Pacific, Jasmine Zhang, added: “AirTrunk’s SGP2 facility sets a new benchmark for responsible infrastructure development in Asia. Its innovative green loan structure with option to convert into a sustainability linked loan (SLL) at a later stage reflects a holistic approach to long-term impact, and we are pleased to be part of this journey.”
DBS Bank Group Head of Telecommunications, Media & Technology, Western MNCs and Digital Economy, Amit Sinha, said: “The data centre sector is fast emerging as a key growth industry for Asia. This landmark green loan represents the largest financing for a new data centre facility in Singapore to date, underscoring the scale and significance of the project. It comes at a pivotal time as demand for computing power continues to surge across the region. As both a global financial hub and a data centre leader, Singapore is uniquely positioned to catalyse the sector’s transformation. We are proud to be working with AirTrunk to support the development of critical digital infrastructure in a more sustainable way.”
ING Bank Managing Director, Head of TMT & Healthcare, Krishna Suryanarayanan, added: “This marks another significant milestone in AirTrunk’s sustainable finance journey, strengthening its reputation as a sustainability leader among data centre operators globally. ING is delighted to back AirTrunk’s dedication to responsible growth.”
AirTrunk will partner with technology companies to develop the new sustainably-designed data centre. Located in Loyang, Singapore, the data centre will provide, for its partners, 70+ megawatt (MW) of essential cloud and artificial intelligence compute capacity for Singapore and the Southeast Asian region.
The green data centre has been designed to achieve a BCA GreenMark Platinum rating and an industry-leading design Power Usage Effectiveness (PUE) of 1.20, which is amongst the lowest data centre PUEs in Singapore. To significantly reduce embodied carbon, the campus also features green concrete and green steel throughout.
ENDS