Case study: USD560 million debt financing for True IDC’s data centre in Thailand

A greenfield development backed by BlackRock’s GIP and by CP Group in Thailand’s Eastern Economic Corridor

30 January 2026

1 min

Corporate & investment bankingGlobal bankingTechnology media and telecom

True IDC is developing a greenfield built-to-suit data centre in Thailand’s Eastern Economic Corridor. When completed, it is expected to be one of the largest data centres in the country. Jointly backed by the Charoen Pokphand Group (“CP Group”) and BlackRock’s Global Infrastructure Partners (“GIP”), the new facility is intended to contribute to the development of Thailand’s digital infrastructure expansion.

Standard Chartered acted as Mandated Lead Arranger and Bookrunner, Term Loan Lender, Account Bank and Hedge Counterparty of the USD560 million debt financing that is BlackRock’s GIP and CP Group’s inaugural non-recourse facility for a data centre.