Danantara, Indonesia's sovereign wealth fund, has hired Citigroup, DBS Group, HSBC, Mandiri Securities and Standard Chartered to run fixed-income investor 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 negat

Danantara, Indonesia's sovereign wealth fund, has hired Citigroup, DBS Group, HSBC, Mandiri Securities and Standard Chartered to run fixed-income investor 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.