Danantara, Indonesia's sovereign wealth fund, has hired Citigroup, DBS Group,
HSBC, Mandiri Securities and Standard Chartered to run fixed-income investors
meetings and calls in Asia, Europe and the US from Wednesday as it gauges
interest in a potential global dollar bond, people familiar said. The mandate
does not guarantee a transaction. The outreach comes amid economic headwinds and
growing investor concern over President Prabowo's measures; Moody's and Fitch
moved Indonesia's outlook to negative earlier this year. Danantara, created by
Prabowo last year to improve SOE efficiency, reinvest dividends and attract
foreign capital into high-impact projects, would be the issuer if a deal
proceeds.
