Indonesia's Danantara plans dollar bond sale worth at least $500 mln, sources say

Indonesia's sovereign wealth fund Danantara plans to issue dollar bonds worth at least $500 million, extending its offshore funding curve into longer maturities. The proceeds will fund long-term overseas equity investments, helping reduce currency mismatch risk and pressure on the rupiah, which remains near record lows. Citigroup, HSBC, JPMorgan, MUFG and Standard Chartered are joint lead managers on the deal, drawn from Danantara's $5 billion global medium-term note programme.