Danantara Starts US Dollar Bond Roadshow as Indonesia Selloff Deepens, Refinancing $1 Billion Loan
Updated
Updated · Bloomberg · Jun 8
Danantara Starts US Dollar Bond Roadshow as Indonesia Selloff Deepens, Refinancing $1 Billion Loan
1 articles · Updated · Bloomberg · Jun 8
Summary
Danantara begins the US leg of its dollar bond roadshow this week, with investor meetings scheduled in Boston on June 9 and New York on June 10.
Part of the planned bond proceeds may be used to refinance a $1 billion loan the Indonesian sovereign wealth fund obtained earlier this year, according to people familiar with the discussions.
The fundraising push comes as Indonesian policymakers intensify efforts to stem a worsening rout in the country’s markets, putting the roadshow against a more fragile backdrop.
Asian meetings last week laid the groundwork for the US pitch, signaling Danantara is pressing ahead with offshore funding despite the market turbulence.