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View all search resultsDanantara to raise Rp 50 trillion through low-coupon ‘patriot bonds’
Danantara Indonesia plans to raise Rp 50 trillion through so-called patriot bonds to fund waste-to-energy facilities and strategic projects in what the government bills as a move to boost public-private collaboration for long-term national development.
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The name Danantara Indonesia is pictured in front of the state asset fund's headquarters in Jakarta on Feb. 28, 2025. (Reuters/Willy Kurniawan)
S
tate asset fund Danantara Indonesia is preparing to issue so-called patriot bonds worth Rp 50 trillion (US$3.1 billion) through a private placement.
“This instrument consists of two series, with tenors of five years and seven years, respectively, and a coupon rate of 2 percent,” CEO Danantara Rosan Roeslani told Bloomberg Technoz on Tuesday.
With low yields compared with market rates, the patriot bonds are billed as a strategic vehicle to mobilize long-term financing for projects critical to Indonesia’s green economy.
A portion of the funds will be allocated to the development of waste-to-energy (WTE) facilities, a priority under the government’s clean energy transition road map.
“This waste-to-energy program includes 33 sites that Danantara will launch, based on a government regulation scheduled for release at the end of this month, which grants Danantara the mandate to roll out or lead the waste-to-energy initiative,” Rosan, who also serves as investment minister, said.
Aside from energy transition programs, the patriot bond proceeds are also meant to support projects for productivity improvement, job creation and environmental protection.
The government is finalizing revisions to Presidential Regulation No. 35/2018 with the aim of streamlining the development of WTE power plants using environmentally friendly technology.
