Understanding Medium Term Notes Issued by Danantara Valued at Rp7 Trillion
PT Danantara Investment Management (Persero) has issued medium-term debt instruments known as Medium Term Notes (MTN) with a total nominal value reaching Rp7 trillion.
Based on data from PT Kustodian Sentral Efek Indonesia (KSEI) cited on 15 March 2026, the issuance is divided into two series: Series A and Series B, each with a nominal value of Rp3.5 trillion.
KSEI management has issued International Securities Identification Number (ISIN) codes for both instruments. These securities will be distributed electronically on 17 March 2026.
Series A MTN with security code DNTR02A1JP has a nominal value of Rp3.5 trillion with a maturity date of 18 March 2031, representing a 5-year tenor. The interest type is fixed with annual payment frequency, with the first interest payment scheduled for 17 March 2027.
Series B MTN with security code DNTR02B1JP also has a nominal value of Rp3.5 trillion, but with a longer tenor of 7 years, maturing on 17 March 2033. Like Series A, this series carries fixed interest with the first interest payment in March 2027.
According to Investopedia, MTN are fixed-income securities that typically have maturity periods between 5 and 10 years. These instruments fill the gap between short-term debt (tenor below 5 years) and long-term bonds (tenor 10 to 30 years).
MTN are also considered to provide flexibility for companies to adjust debt issuance to meet specific financing needs. “MTN provides consistent cash flow for companies and flexibility in meeting financing requirements through customised debt issuance,” according to Investopedia’s report.
For investors, MTN offer an investment option between short-term and long-term instruments. This is ideal for investors with investment targets exceeding short-term debt but not yet ready to commit to long-term instruments.
Additionally, MTN coupons or interest are generally higher than short-term debt, although typically lower than long-term bonds. Investors also have flexibility in choosing maturity dates and nominal values that align with their financial plans.
In October 2025, Danantara Investment also recorded the issuance of Long-Term Debt Securities (SUJP) for 2025 Phase I worth Rp50 trillion.
Based on KSEI’s official announcement No. KSEI-6183/DIR/1025 on 16 October 2025, the SUJP or Patriot Bond issuance was conducted without a public offering and comprised two series: Series A and Series B.
Series A had a tenor of 5 years 1 calendar day with fixed interest of 2% per annum, whilst Series B had a period of 7 years with the same interest rate. Security distribution occurred electronically on 21 October 2025, with the first interest payment on 21 October 2026.
The principal value of each series reached Rp25 trillion, with trading units and transfers in blocks of Rp25 billion per unit.
PT Mandiri Sekuritas acted as the issuance arranger, whilst PT Bank Mandiri (Persero) Tbk. was appointed as the monitoring agent.
KSEI noted that this Debt Securities and Sukuk (EBUS) issuance is subject to the provisions of POJK No. 30/POJK.04/2019 on the Issuance of Debt Securities and/or Sukuk Conducted without Public Offering.
“Therefore, the issuer of securities and related parties in the EBUS issuance are responsible for ensuring compliance of the EBUS issuance with applicable laws and regulations,” stated the KSEI announcement from October.
Chief Investment Officer of Danantara Pandu Sjahrir stated that each financing initiative is directed towards supporting long-term economic transformation and strengthening the role of the business world in national development.
“Patriot Bond is a strategic financing instrument commonly used in various countries, such as Japan and the United States, to strengthen national financing independence,” said Pandu.
Through this instrument, the nation achieves a stable source of medium to long-term funding. Business actors, meanwhile, will have access to safe investment instruments that are also beneficial for the economy.
Pandu explained that the fundamental principle of patriot bonds is voluntary participation and shared responsibility. This scheme opens space for national business groups to contribute to cross-generational development agendas.