Danantara to Issue Long-Term Notes Following Successful Patriot Bonds

Danantara to Issue Long-Term Notes After Patriot Bonds

Jakarta. Indonesia’s sovereign wealth fund Danantara is planning to issue long-term notes after seeing positive reactions to its so-called patriot bonds.

Last year, the agency rolled out “fully subscribed” patriot bonds, of which some of the proceeds would go into backing Indonesia’s waste-to-energy program. Fast forward to March 2026, the Indonesia Central Securities Depository (KSEI) unveiled Danantara’s plans to amass more funds, namely via long-term debt securities worth Rp 7 trillion or $412 million. Danantara Investment Management Managing Director Djamal Attamimi commented on these plans.

“Following the high demand for the patriot bonds issued in September 2025, we are continuing to accommodate interested subscribers, including through the issuance of long-term notes. This initiative will remain a private placement, and participation is entirely voluntary,” Djamal said.

The fund went on to say that it would remain committed to “proper due diligence, transparency, and strong governance”.

“These financing initiatives aim to support Indonesia’s long-term economic transformation and drive sustainable national economic growth,” Djamal said.

Danantara did not confirm nor deny the value of the long-term notes, including on how they planned on to use the proceeds.

The freshly published KSEI data shows that the Rp 7 trillion or $412 million issuance will take place in two series. For series A, the principal amount stands at Rp 3.5 trillion and has a 2% coupon. It will reach maturity on March 18, 2031. The series B is also similar, but will reach maturity much later on March 17, 2033.

In 2025, Danantara sold the patriot bonds to Indonesia’s wealthiest tycoons, rather than as a public offering, to raise around Rp 50 trillion ($3 billion).

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