Nvidia-backed Zankore raises a $3.1bn loan to buy Nvidia GPUs for Indonesia
Zankore has secured a senior term loan facility of up to $3.1bn to buy and deploy Nvidia GPUs across Indonesia and Southeast Asia. Nvidia is one of the company’s backers and also the supplier of the hardware the financing will pay for.
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.
Moreover, the deal also includes revenue-sharing and credit-support arrangements designed to link the pace of deployment to customer demand.
Zankore launched in August, just one month ago. It is backed by Indosat Ooredoo Hutchison, the Ooredoo Group, Nokia, and Nvidia.
The company sells GPU capacity for AI training, fine-tuning, inference and agentic workloads to enterprises and developers across the region.
Five international banks have now underwritten up to $3.1bn for a business with only about four weeks of operating history and a telecoms...
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