📰 AirTrunk Secures Record US$1.65 Billion Green Loan for Singapore’s Largest-Ever Data Centre

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Singapore, August 2025 — Asia Pacific & Japan hyperscale data centre specialist AirTrunk has secured a landmark S$2.25 billion (US$1.65 billion) green loan to fund the development of its newest facility, AirTrunk SGP2, in Loyang, Singapore. The transaction marks both Singapore’s largest-ever loan and largest green loan for a data centre, reinforcing the city-state’s growing stature as a global hub for sustainable finance.

💰 Financing Structure and Strategic Partners

The green loan was backed by a consortium of 26 local and international financial institutions, with the following key roles:

• Global Coordinators & Sustainability Structuring Agents:
  • Crédit Agricole CIB
  • DBS Bank
  • ING Bank
• Mandated Lead Arrangers & Bookrunners:
  • MUFG Bank
  • Natixis CIB
  • Standard Chartered Bank
  • United Overseas Bank

The financing is aligned with the Singapore-Asia Taxonomy for Sustainable Finance and AirTrunk’s Green Financing Framework, offering flexibility to transition into a sustainability-linked loan (SLL). Notably, all margin incentives from the loan will be directed to AirTrunk’s social impact fund, supporting community programs across Singapore.

🏗️ Project Overview: AirTrunk SGP2

• Location: Loyang, Singapore
• Capacity: Over 70 megawatts (MW)
• Purpose: Cloud and artificial intelligence workloads across Southeast Asia
• Sustainability Targets:
  • BCA GreenMark Platinum certification
  • Power Usage Effectiveness (PUE) of 1.20, among the lowest in Singapore
  • Use of green concrete and steel to reduce embodied carbon

🗣️ Executive Commentary

Robin Khuda, Founder and CEO of AirTrunk, stated:

“This landmark transaction strengthens AirTrunk’s leadership in sustainable finance and reflects strong market confidence in our growth and sustainability strategy. We’re proud to contribute to Singapore’s momentum as a world-leading green finance hub while scaling our platform responsibly to deliver lasting social impact.”

Jasmine Zhang, Crédit Agricole CIB’s Head of Telecom Finance for Asia-Pacific, added:

“AirTrunk’s SGP2 facility sets a new benchmark for responsible infrastructure development in Asia.”

Amit Sinha, DBS Bank’s Group Head of TMT, emphasized:

“This landmark green loan represents the largest financing for a new data centre facility in Singapore to date.”

Krishna Suryanarayanan, ING Bank’s Managing Director, noted:

“This marks another significant milestone in AirTrunk’s sustainable finance journey.”

🌍 Broader Impact

The transaction highlights Singapore’s ambition to lead in climate-aligned digital infrastructure, a vision championed by the Monetary Authority of Singapore (MAS). It also sets a precedent for integrating environmental, social, and governance (ESG) principles into large-scale technology investments.

AirTrunk’s SGP2 is expected to serve as a blueprint for future-ready, low-carbon data centres across the Asia Pacific region.

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Excerpts from esgnews.com

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