📰 Weekly Roundup (2-8 June 2026): Indonesia Radar #2 | Danantara’s USD Bond Marketing | Del Monte Pacific’s $1.2 Billion Restructuring Plan | 3 India Headlines #1
Weekly newsletter
Dear Valued Contacts,
Southeast Asia was quite active last week, with Indonesian sovereign fund Danantara marketing potential USD bonds and Del Monte Pacific – which is controlled by the Philippines’ Campos family – disclosing a USD 1.2 billion restructuring plan.
I also launched 3 India Headlines to help international readers get updated quickly on what matters in India.
🛜 Indonesia Radar #2 (2 June 2026)
Acrostics Asia wrote on 15 July 2025 that in order to finance President Prabowo Subianto’s large-scale initiatives, Danantara would likely have to syndicate its loan to a wider group of banks and build a bridge to offshore bonds.
On 2 June 2026, Acrostics Asia mapped Danantara’s internal structure and highlighted the key officials in its asset and investment management arms. Acrostics Asia also gauged the sentiment of buyside investors towards Danantara’s potential offshore bond sale.
The next day, Danantara Investment Management (DIM) kicked off a series of meetings with fixed income investors to market its proposed USD notes.
Companies to Watch
Dhilmar: Anglo American agreed to sell its steelmaking coal mines in Australia to Dhilmar, which is reportedly led by Alexander Ramlie. The former investment banker has business links with Indonesian tycoon Anthoni Salim, according to people familiar with the matter.
Bumi Resources: Salim Group also teamed up with another conglomerate, Bakrie Group, to buy out Bumi Resources’ creditors in 2022. The Indonesian miner has recently scooped up assets in Australia, including Wolfram and Loyal Metals.
People to Watch
EY-Parthenon was the exclusive financial advisor to Bank SMBC Indonesia on its USD 1.1 billion pension loan divestment to state-owned lender Bank Tabungan Negara (BTN).
📸 Snapshot: Del Monte Pacific’s $1.2 Billion Restructuring Plan (5 June 2026)
Eleven months ago, Acrostics Asia wrote that while Del Monte Pacific would likely take a hit from the deconsolidation of Del Monte Foods, its cash-generating Philippine operating company had consistently outperformed the US subsidiary.
Last week, Del Monte Pacific submitted a restructuring plan designed to rebuild its capital structure around Del Monte Philippines (DMPI). The feasibility of the restructuring depends on whether it can get DMPI’s preference shares investor on board and sell the recovery story to the broader group of creditors.
📸 Snapshot: Del Monte’s Four Seasons (5 July 2025)
The seeds of US canned food giant Del Monte Foods’ bankruptcy and its former parent Del Monte Pacific’s restructuring were sown nearly 13 years ago.
Del Monte Pacific announced that it would acquire the US consumer food business in a USD 1.675 billion deal. But the target company ended up being saddled with much of the debt that funded the acquisition, while consumer preferences were shifting towards healthier options.
📑 3 India Headlines #1 (7 June 2026)
Asia is a diverse region, with different news consumption habits across the markets. Based on feedback from friends, India stands out because the country is not constrained by a lack of information, but by an abundance of it.
I am therefore shortlisting the most important headlines that international readers should pay attention to – and why they matter.
Sharp Decline in IBC Recoveries in 2025-26: ICRA
SP Group to Complete Dual-Tranche Debt Sale by Mid-June: Reuters
PwC Finds Accounting Lapses in IndusInd Treasury Operations: Economic Times
Acrostics Asia is an independent credit intelligence provider that connects the dots across Asian sovereigns, private credit and restructurings.