Danantara Seeks Up to $10 Billion Loan, Southeast Asia’s Largest

Indonesian sovereign wealth fund Danantara is seeking a multicurrency borrowing of as much as $10 billion, in what could be Southeast Asia’s largest loan, according to people familiar with the matter.

Danantara, formally known as Daya Anagata Nusantara, sent a request for proposals to regional and international banks for a loan with tenors of around three to five years, the people said, who asked not to be identified discussing private matters. Lenders have been asked to provide underwritten commitments and proposals on an uncommitted basis, they added.