Danantara Appoints Four Banks to Lead Up to $10 Billion Loan

Indonesian sovereign wealth fund Danantara appointed four banks to coordinate 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.

DBS Group Holdings Ltd., HSBC Holdings Plc, Natixis SA and Standard Chartered Plc will be acting as coordinators for the facility, the people said, who asked not to be identified discussing private matters.