Indonesia's $10 Billion Loan Deal: Why Banking Giants Are Betting Big
Key Points
- Indonesia's sovereign wealth fund Danantara is seeking $10 b...
Indonesia's sovereign wealth fund Danantara just walked into the world's most expensive buffet and ordered everything on the menu. The fund, whose name sounds like it came from a fantasy novel, has convinced four major banks - DBS, HSBC, Natixis, and Standard Chartered - to potentially lend them $10 billion. That's enough money to buy a small country, or at least rent one for a really long weekend.
This massive loan arrangement represents one of Southeast Asia's largest financing deals, all in service of President Prabowo Subianto's ambitious plan to achieve 8% economic growth. For context, t...
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