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IFC Approves US$170 Million Financing to Support Philippines Data Center Firm YCO Cloud

By: IDCNOVARegion: Southeast Asia
The International Finance Corp. (IFC), the private sector lending arm of the World Bank Group, has approved up to US$170 million in financing for YCO Global Cloud Centers Holdings Inc., a Philippines-based data center platform, to support the company’s expansion across the country. The approval was granted by the World Bank board on July 28 and published on August 28, according to board minutes.

The financing package includes a mezzanine loan investment of up to US$20 million in YCO Cloud, alongside senior A loans of up to US$150 million directed at special purpose project companies owned by the platform. The overall project, known as the YCO Catalyst Project, carries a total estimated cost of approximately US$1.054 billion.

YCO Cloud plans to develop two data centers in Malvar town, Batangas province, with a combined capacity of 50 megawatts (MW), as well as an additional facility in Bataan province. The Malvar 1 and 2 data centers, both located within an industrial park in Batangas, are already constructed, while the Bataan facility remained in the planning stage as of May.

The expansion follows the successful delivery of Malvar One, YCO Cloud’s flagship digital infrastructure project, which was energized just 11 months after groundbreaking. At the time of that milestone, the platform had access to 75MW of utility power, with 30MW already energized, according to information previously published on the company’s website.

In a related development, YCO Cloud has formed a strategic partnership with Science Park of the Philippines, Inc. (SPPI), the country’s pioneer and largest private industrial park developer. The collaboration is intended to provide YCO Cloud with access to extensive land holdings—totaling nearly 1,500 hectares across Bataan, Batangas, Clark, and other parts of Luzon—to support the delivery of massive data center capacity over the coming years.

YCO Cloud is reportedly owned by the Ynchausti family, which holds an 82 percent stake, with the remaining shares held by conglomerate SM Investments Corp. (SMIC). The new financing is expected to accelerate the company’s build-out in the Philippines, a market where demand for digital infrastructure continues to rise amid growing cloud adoption and connectivity needs across Southeast Asia.