Danantara Global Bonds Oversubscribed, Seen as Golden 'Buy Indonesia' Moment

The success of Danantara Investment Management in issuing its inaugural global bond worth US$1.5 billion has received a positive response from academics. Esa Unggul University academic Iswadi assessed that the high interest from international investors in the instrument is proof that pessimistic narratives regarding Indonesia’s economic prospects do not match market reality. “The successful issuance of Danantara’s global bonds shows that global investor confidence in Indonesia remains strong. This simultaneously refutes the ‘Sell Indonesia’ narrative. What is happening is the opposite, the world is showing a ‘Buy Indonesia’ attitude,” Iswadi said in a statement to the media in Jakarta on Wednesday (17/06/2026). Danantara Investment Management, a subsidiary of the sovereign wealth fund Danantara, successfully issued global bonds in two tenors, namely US$750 million for a five-year tenor with a yield of 5.35 percent and US$750 million for a ten-year tenor with a yield of 5.95 percent. The issuance received an extraordinary reception from the international market. The order book reached US$4.6 billion, representing an oversubscription of more than three times the initial target of US$1 billion. The high investor demand even pushed the final yield down by 35 basis points from the initial guidance, which is estimated to save around US$5 million per year in interest costs. According to Iswadi, this achievement holds strategic meaning because the majority of buyers were global institutional investors known for having very strict investment assessment standards.