RM1.1 billion term financing-i facility based on the Shariah principle of Murabahah (via Tawarruq arrangement) to YTL DC South Sdn. Bhd.

RL&P News 19 February 2023

Advised a syndicate of financiers (comprising OCBC Al-Amin Bank Berhad and Maybank Islamic Berhad as original financiers) (“Financiers”) on an RM1.1 billion term financing-i facility based on the Shariah principle of made available by the Financiers to YTL DC South Sdn. Bhd., an indirect wholly-owned subsidiary of YTL Power International Berhad (a public listed company on the Main Market of Bursa Malaysia), to part-finance the development costs for a LEED-certified 48-megawatt hyperscale data centre with approximately 535,692 square feet of gross floor area to be developed in Johor, Malaysia.

Advising the Financiers was Partner Syed Rashid bin Rahim Alsree of Rahmat Lim & Partners.