Indonesia’s Indofood mandates two banks for Singapore dollar notes

By Christine Van Dusen

Atlanta, Aug. 12 – Indonesia’s PT Indofood Sukses Makmur Tbk. has mandated DBS and Standard Chartered Bank as the bookrunners for a possible offering of Singapore dollar-denominated notes, a market source said.

No other details were immediately available on Tuesday.

Indofood is a Jakarta-based food manufacturer and supplier that is 50.1% owned by First Pacific Co. Ltd., a Hong Kong-based investment and management company in the telecommunications, infrastructure, consumer food products and natural resources industries.

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