Danantara's Debut Global Bonds Oversubscribed, Orders Hit US$4.6 Billion

The debut global bond offering by Danantara Investment Management (DIM) has been met with overwhelming demand from investors, reflecting the success of Danantara Indonesia’s first international bond issuance worth US$1.5 billion. Global investor enthusiasm was evident from the peak orderbook value, which reached approximately US$4.6 billion, or more than three times the total issuance amount. This interest was driven by high-quality institutional investors from the United States, Europe, the Middle East, Africa, and Asia. “This success demonstrates that Danantara Indonesia is viewed as having strong fundamentals, governance, and long-term prospects, thus remaining an investment destination for highly reputable global investors,” according to a written statement on Friday (12/6/2026). DIM’s inaugural bond offering was set at the following yields: 5-year bonds worth US$750 million were set at a yield of 5.35%, and 10-year bonds worth US$750 million were set at a yield of 5.95%. These bonds were priced at tight spreads against the sovereign curve of the Republic of Indonesia: the 5-year series was set at a spread of 32 basis points above the secondary curve of Indonesian government bonds, comprising a premium of 22 basis points above sovereign fair value and a debut issuance concession of 10 basis points. The 10-year series was set at a spread of 34 basis points above the secondary government bond curve, comprising a premium of 24 basis points above sovereign fair value and a debut issuance concession.