Danantara Launches Debut 2-Part Dollar Bond Sale as Indonesia Tests Demand After Selloff
Updated
Updated · Bloomberg · Jun 11
Danantara Launches Debut 2-Part Dollar Bond Sale as Indonesia Tests Demand After Selloff
3 articles · Updated · Bloomberg · Jun 11
Summary
Danantara opened its first global dollar bond sale with benchmark-sized notes split into five- and 10-year tranches, marking a key funding test for Indonesia’s new sovereign wealth fund.
The offering comes after an Indonesian market selloff soured confidence in Southeast Asia’s largest economy, putting investor appetite for the debut issue under close scrutiny.
Danantara has quickly emerged as a powerful new player in Indonesia’s economy, so the sale is also a broader gauge of how global investors view the country’s policy and market outlook.