The demand allowed Danantara Investment Management to tighten final price guidance to 5.35 percent for the five-year notes and 5.95 percent for the 10-year notes, according to a separate updated term sheet seen by Reuters.
A worker cleans a room at Wisma Danantara Indonesia, Jakarta, on September 8, 2025. In its first six months of operation, Danantara secured US$10 billion in funding, equivalent to Rp163.18 trillion, from a consortium of 12 foreign banks. (Antara/Dhemas Reviyanto)
A unit of Indonesia's sovereign wealth fund Danantara has garnered more than $4.6 billion in orders for its debut dollar bond sale, according to an order book update seen by Reuters, in a major test of foreign investor appetite amid growing challenges in Southeast Asia's largest economy.Danantara Investment Management is looking to raise about $1 billion from the sale, split equally between five and 10-year tranches, three sources with knowledge of the matter said.
Investor orders for the bonds had exceeded $4.6 billion by Thursday evening in Asia, including $425 million of interest from the deal's joint lead managers, the update showed.
The demand allowed Danantara Investment Management to tighten final price guidance to 5.35 percent for the five-year notes and 5.95 percent for the 10-year notes, according to a separate updated term sheet seen by Reuters.
