Against the Tide: Indonesia’s Danantara Defies Outflows with $4.6B Debut Bond Demand
Some might say that we live in a period where market logic is hard to analyze. This sentiment resurfaced after the announcement that Indonesia's state sovereign wealth fund Danantara attracted a peak orderbook for its debut US dollar bond sales of around USD $4.6 billion, which is over three times the total issuance size.