Indonesian AI infrastructure platform Zankore has signed a $3.1 billion loan agreement, backed by Nvidia, to buy advanced chips, according to a media report cited by BlockBeats on Sept. 9. Zankore said the financing was underwritten by Citigroup, ING, Natixis, Qatar National Bank and United Overseas Bank, making it one of the largest AI infrastructure financings in Asia. Citigroup also served as the sole debt adviser on the deal.
The report said GPU financing is emerging as a new focus for AI lenders, with banks and private credit firms expanding beyond data centers to the hardware that powers them. In Asia, however, bank-led transactions in this segment have remained limited. The report attributed that scarcity to uncertainty over chip residual values and geopolitical risks tied to U.S.-China technology competition. The deal highlights a sharp rise in demand for computing capacity across Asia.
Indonesian AI infrastructure platform Zankore, backed by Nvidia, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, according to a U.S. media report cited by BlockBeats on Sept. 9.
In a statement, Zankore said the loan was underwritten by Citigroup, ING, Natixis, Qatar National Bank and United Overseas Bank. It described the financing as one of the largest AI infrastructure deals in Asia. Citigroup was the sole debt adviser on the transaction.
GPU financing draws lender attention
The report said GPU financing is becoming the next area of focus for AI lenders. Banks and private credit providers are moving past data centers and turning to the hardware that powers them.
In Asia, bank-led deals of this kind have been rare. The report said that reflects uncertainty over chip residual values and geopolitical risks linked to U.S.-China technology competition.
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