SEA Deal Ticker
The World Bank's IFC lines up $175M for AirTrunk's Johor data-centre campus
IFC proposes up to $175M to back the Blackstone-owned operator's JHB1 campus in Johor Bahru, adding development-bank money to a Malaysian data-centre build-out already drawing multibillion-dollar syndicated loans.
Positive-sum angle: Development-bank capital arrives with environmental and social conditions attached — which is how Johor's power- and water-hungry campuses get held to standards commercial lenders alone would not impose.