Indonesia sends Danantara on US bond roadshow to stabilize markets amid broad selloff

Indonesia’s market selloff deepened on Monday as the country’s bonds, stocks and currency all fell, while policymakers prepared a fresh attempt to restore confidence by sending sovereign wealth fund Danantara on a U.S. dollar bond roadshow, according to Bloomberg. The move comes as pressure builds on officials to show they can stabilize markets after weeks of sharp losses.

Danantara is expected to begin the U.S. leg of its planned dollar bond marketing tour this week, Bloomberg reported, as part of broader efforts to support Indonesia’s financial markets. The roadshow is aimed at attracting investors to the fund’s bond sale at a time when sentiment toward Indonesian assets has weakened.