Danantara Hires Banks for Planned Second Dollar Bond Sale
Bloomberg 2026-07-21 09:36:00
Context: Danantara, Indonesia's sovereign wealth fund, has hired banks to gauge investor interest for a potential sale of long-dated dollar bonds, marking a follow-up to its first offshore debt offering. This move comes as Danantara looks to tap into the global bond market, potentially raising significant funds. The effort is part of Danantara's broader strategy to secure financing.
Key Facts
- Danantara has mandated banks to sound out investor demand for a potential sale of long-dated dollar bonds, indicating a strategic move to return to the global debt market.
- This planned bond sale follows Danantara's first offshore debt offering, which was completed just weeks ago, suggesting a swift follow-up to capitalize on favorable market conditions.
- The specific details of the planned bond sale, including the size, coupon rate, and use of proceeds, have not been disclosed, but the mandate to banks suggests active preparation for the offering.