October 2, 2025 | 05:44 pm
TEMPO.CO, Jakarta - Indonesia's investment management agency Danantara, is still preparing the purchase scheme for Patriot Bonds. Danantara is preparing to purchase these bonds through a private placement.
Patriot Bonds will not be offered to the public, and participation is entirely voluntary. Mohamad Al-Arief, the Managing Director of Global Relations and Governance at Danantara, stated in an official release on Wednesday, October 2, 2025, "This scheme is currently being prepared."
Arief mentioned that Patriot Bonds are based on the principles of voluntary participation and shared responsibility. He says this program gives businesses the chance to contribute to intergenerational development agendas while ensuring the community's long-term sustainability and welfare.
Arief also responded to reports about 46 conglomerates that have purchased Patriot Bonds, new bonds targeting domestic investors to support national development. He said, "This information is not official, and there have been no announcements made so far."
Arief reiterated that Danantara is committed to carefully, transparently, and strongly managing state investment mandates. Every financing initiative is directed towards supporting long-term economic transformation.
Furthermore, Danantara aims to strengthen the role of the private sector in national development. Arief stated, "This is aimed at supporting Indonesia's long-term economic transformation."
On another occasion, Danantara's Chief Executive Officer, Rosan Roeslani, mentioned that the Patriot Bond had been fully sold according to the target, amounting to Rp50 trillion. He stated that the funds will be used to finance the waste-to-energy project, aligning with the target of achieving net-zero emissions by 2060.
Rosan mentioned that the tender process for managing waste-to-energy will commence at the end of October. Despite having a business scheme for the use of the funds, Rosan seemed reluctant to disclose the conglomerates that bought the Patriot Bond. He said, "For now, it's clear that the funds have been collected, and the government can develop waste management technology to achieve net-zero emissions by 2060."
Previously, Danantara Indonesia's Chief Investment Officer, Pandu Sjahrir, explained that this new instrument also strengthens the collaboration between the government and the business world. He said, "Danantara Indonesia is committed to carefully, transparently, and properly managing state investment mandates. Every financing initiative is directed towards supporting long-term economic transformation and strengthening the role of the business world in development," as quoted from Antara on Tuesday, August 26, 2025.
Alif Ilham contributed to the writing of this article
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