AIZankore, an Indonesian AI infrastructure platform supported by Nvidia Corp., has introduced a $3.1 billion loan into the market. This loan is part of a broader wave of financing aimed at expanding AI capabilities in Asia. The five-year loan will fund the acquisition of graphics processing units (GPUs) for Zankore’s new AI factory.
The loan carries an interest margin of 330 basis points over the Secured Overnight Financing Rate. United Overseas Bank Ltd. and Citigroup Inc. are among the five original underwriters promoting the deal. Additional banks are invited to participate in the senior phase as underwriters or bookrunners.