Indonesia’s sovereign wealth fund Danantara launches “Patriot Bonds,” urging private companies to join the energy transition. (Photo: Danantara Indonesia)
Indonesia’s sovereign wealth fund Danantara, a flagship initiative of President Prabowo Subianto, has introduced “Patriot Bonds” aimed at raising IDR 50 trillion (about USD 3.05 billion). The bonds will be issued at yields below conventional benchmarks, with proceeds channeled into strategic sectors such as energy transition and waste-to-energy projects.
Danantara pushes bonds to drive corporate investment
On its official LinkedIn page, Danantara said one reason for the Patriot Bonds is Indonesia’s mounting waste crisis, which the government cannot resolve on its own. The fund framed the initiative as part of a broader push to emulate Vietnam’s Doi Moi reforms and Taiwan’s semiconductor-led growth, combining state and private-sector power to propel the country forward.
