INA Has No Plans to Issue Bonds Like Danantara, Says CEO

Chief Executive Officer of the Indonesia Investment Authority (INA) Oki Ramadhana has stated that the institution he leads has no plans to issue debt securities. He said there has been no directive from President Prabowo Subianto to follow Danantara’s lead in issuing bonds to raise investment funds. “No, we will see going forward what the needs are. Capital is still enough, we are investing,” he said during a media briefing in Jakarta on Wednesday, 1 July 2026. Oki said that this year there are several investment plans in sectors that are the focus of INA. These sectors include transport, logistics, and infrastructure, digital, green energy and the blue economy, health, and advanced materials. However, Oki could not yet announce the form or value of the investments in INA’s focus sectors. Discussions are still ongoing with investors before finalisation. “There are many listed companies as well, so when they invest it must be disclosed. So we have to keep that confidential,” he said. Danantara has issued Patriot Bonds and global bonds. Their bonds—Patriot Bond and Merah Putih Bond—have also been granted legal protection through Law Number 4 of 2026 concerning Amendments to Law Number 4 of 2023 on Financial Sector Development and Strengthening (UU P2SK). As a Sovereign Wealth Fund like Danantara, INA has channelled investments totalling Rp 74.5 trillion, or approximately US$4.7 billion, since its establishment in 2020. This amount is an accumulation of investment disbursements from INA of Rp 33.3 trillion and foreign capital investment of Rp 41.32 trillion. Meanwhile, the recorded Assets Under Management are valued at Rp 146.2 trillion.