True IDC (CP Group subsidiary) is negotiating a $2 billion syndicated loan to build a new hyperscale data center on Bangkok's outskirts, signaling major private-sector investment in Thailand's AI infrastructure push. The financing structure includes $1.8 billion in USD and Thai baht tranches with 5-year tenor, positioning Thailand alongside Google, Amazon, and Microsoft as regional AI hub competitors—though negotiations remain early-stage. This reflects strong momentum in APAC data center deals despite regional loan market weakness.