(Jan 19): Danantara, Indonesia’s new sovereign wealth fund, plans to raise 20 trillion rupiah (US$1.2 billion, or RM4.86 billion) in the first half via a fresh round of so-called patriot bonds, according to people familiar with the matter. During the previous round, Danantara issued five- and seven-year bonds with a coupon of around 2%. Although the first round initially targeted US$3.1 billion, ultimately US$3.6 billion was raised after some additional notes were sold, the people said. Selling patriot bonds to raise money was part of Danantara’s presentation to President Prabowo Subianto earlier this month. Tapping tycoons for a second round of patriot bonds is likely to add to the anxiety Indonesia’s wealthy are feeling, having already been unnerved by the administration’s crackdown on the affluent.

Source: The Edge Markets January 19, 2026 07:55 UTC