Nvidia-Backed Zankore Secures $3.1bn Loan for GPU Deployment

Zankore, a company backed by Nvidia and Indosat Ooredoo Hutchison, has secured a $3.1bn loan to buy Nvidia GPUs for deployment across Indonesia and Southeast Asia.

The financing is part of Nvidia's strategy to bring outside capital into AI infrastructure projects, with the company investing in Zankore and supplying the hardware that will be purchased with the funds.

Citi acted as exclusive debt adviser, while Citi, ING, Natixis CIB, Qatar National Bank, and UOB served as senior mandated lead arrangers, underwriters, and bookrunners for the deal.

The loan includes revenue-sharing and credit-support arrangements designed to link the pace of deployment to customer demand, with Zankore planning to start with 100MW of Nvidia infrastructure in Indonesia and eventually build 1GW of capacity over three years.