Danantara Issues USD 1.5 Billion in Global Bonds

PT Danantara Investment Management has issued two inaugural international bond series totalling US$1.5 billion. The management of the Daya Anagata Nusantara Investment Authority (BPI Danantara) stated that global investors were enthusiastic, evidenced by peak orderbooks reaching US$4.6 billion. “This interest was driven by quality institutional investors from the United States, Europe, the Middle East, Africa, and Asia,” Danantara management said in a written statement on Friday, 12 June 2026.

The first bond is a 5-year series worth US$750 million with a yield of 5.35 per cent. The second is a 10-year series, also worth US$750 million, with a yield of 5.95 per cent. The 5-year bond was priced at a spread of 32 basis points above the secondary curve of Indonesian government bonds, comprising a 22 basis point premium over sovereign fair value and a 10 basis point inaugural issuance concession. The 10-year bond was priced at a spread of 34 basis points above the secondary curve, consisting of a 24 basis point premium over sovereign fair value and an inaugural issuance concession. “This reflects investor recognition of Danantara Investment Management’s institutional framework and its linkage to the sovereign,” management stated.

By region, buyers of the 5-year bond were predominantly from the United States (38 per cent), Europe, the Middle East, and Africa (41 per cent), and Asia (21 per cent). By investor type, asset or fund managers accounted for 82 per cent, insurers or pension funds 10 per cent, banks 7 per cent, and private banks or others 1 per cent. Final books exceeded US$1.45 billion from 68 accounts. For the 10-year bond, buyers were mostly from the United States (52 per cent), Europe, the Middle East, and Africa (31 per cent), and Asia (17 per cent). Asset or fund managers made up 72 per cent, insurers or pension funds 25 per cent, banks 2 per cent, and private banks or others 1 per cent. Final books exceeded US$1.35 billion from 63 accounts.