📰 Weekly Roundup (9-15 June 2026): Acrostics Asia’s Live Deal Intelligence | Southeast Asia Radar #1 | India Radar #1
Weekly newsletter
Dear Valued Contacts,
The biggest value of intelligence is when it helps investors to make their decisions – not after the fact. Acrostics Asia has tracked Indonesian sovereign fund Danantara’s debut international bond sale every step of the way.
Acrostics Asia: Live Deal Intelligence
A day before Danantara’s investment arm kicked off its roadshow to market the proposed notes, Acrostics Asia had already mapped out the internal structure of the fund and its key officials on 2 June, saving investors and analysts hours of research.
Acrostics Asia identified on 9 June that investors largely viewed Danantara as a sovereign-linked credit, despite some concerns about the intended allocation of the bond proceeds and where the issuer sits in the overall structure of the fund.
Three days later, Danantara raised USD 1.5 billion from the bond sale and tightened the final yields from its initial guidance. Acrostics Asia laid out why Danantara pursued the bond issuance despite the market volatility and what the deal means for its overall fundraising strategy.
👉🏻 Check out Acrostics Asia’s dedicated newsfeed on Danantara for real-time updates.
🛜 Southeast Asia Radar #1 (10 June 2026)
The Southeast Asia Radar is a way for readers to get up to speed on sovereigns, private credit and restructurings around the region. It won’t replace the individual country radars, which take a deeper dive into what’s happening on the ground.
Companies to Watch
Philippines: Del Monte Pacific, San Miguel Global Power
Malaysia: DDSP, Leader Cable Industry
Vietnam: Masan Group, Novaland
Singapore: Singapore Commodities Group
People to Watch
Thapanee Techajareonvikul, the youngest daughter of Thailand’s beer billionaire Charoen Sirivadhanabhakdi, told CNBC that she never doubted women belonged at the top. Her late mother, Wanna Sirivadhanabhakdi, was instrumental in building TCC Group into a multi-billion-dollar empire spanning beverages, property, retail and manufacturing.
🛜 India Radar #1 (13 June 2026)
A report released by Incorp Restructuring Services last week showed that while India’s Insolvency and Bankruptcy Code (IBC) facilitates resolutions, liquidations yielded recoveries of around 4% of admitted claims, with nearly 70% of processes extending beyond two years.
I wrote that the low recovery rate and lengthy process of a liquidation may partly explain why some lenders prefer trying to work it out with the borrower, such as by rolling over loans, converting part of their exposure into equity, or extending the bridge towards a potential liquidity event.
Companies to Watch
I wrote in April last year that Vedanta Group was like a cat with nine lives, securing a key private credit facility in late 2023, and then moving towards splitting its businesses. Vedanta also shook off the campaign launched by US-based short-seller Viceroy Research.
However, the conglomerate controlled by Indian tycoon Anil Agarwal has faced setbacks this year, including a loss to fellow billionaire Gautam Adani’s group in its bid for bankrupt infrastructure developer Jaiprakash Associates.
Then on 2 June 2026, India’s Enforcement Directorate searched the offices of the group’s domestic operating unit, as part of a probe under foreign exchange laws. This is a potentially significant development, as “brand fees” and dividends upstreamed from India are a source of cash to service debt at the London-based holding company, Vedanta Resources.
It remains to be seen whether the probe in India would affect Vedanta’s latest USD 5.2 billion refinancing.
People to Watch
Clients want clear answers, not caveats, from external counsel, Bar and Bench quoted Vedanta Deputy General Counsel Preet Sethi as saying at a panel discussion. She highlighted a growing frustration among in-house teams with overly cautious legal advice from external counsel.
Acrostics Asia is an independent credit intelligence provider that delivers forward-looking insights across Asian sovereigns, private credit and restructurings.