Companies
The investment arm of Danantara has launched a US dollar bond in five- and 10-year tranches and is targeting about US$500 million for each tranche, three sources with knowledge of the matter said on Thursday.
An employee walks in the courtyard of Wisma Danantara Indonesia, Jakarta, on Sept. 8, 2025. (Antara/Dhemas Reviyanto)
The investment arm of Indonesia's sovereign wealth fund Danantara has launched a US dollar bond in five- and 10-year tranches and is targeting about US$500 million for each tranche, three sources with knowledge of the matter said on Thursday.Danantara Investment Management set initial price guidance at around 5.70 percent for the five-year notes and about 6.30 percent for the 10-year notes, according to a term sheet reviewed by Reuters.
The launch comes at a precarious time for Indonesia, as investors, worried about a free-falling rupiah and President Prabowo Subianto's populist policies, cool on Southeast Asia's largest economy.
