President Praises Patriot Bond as Proof of Trust in the Nation
Key Takeaways
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JAKARTA, Investortrust.id — President Prabowo Subianto praises the launch of the Patriot Bond by the Danantara Investment Management Agency on Thursday, Sept 4, 2025, calling it strong evidence of trust from business leaders and the wider public in the country’s future.
Minister of Public Housing and Settlements Maruarar Sirait, who attended the limited cabinet meeting at the Presidential Palace, said the president had expressed appreciation for Danantara’s achievement. “The Patriot Bond is a sign of confidence in the nation. It shows what President Prabowo and Rosan Roeslani have been working for. This is proof that people believe in the country,” Maruarar said on Friday.
In the same venue, Minister of Investment and Chief Executive Officer of Danantara Rosan Perkasa Roeslani confirmed that several leading business groups, including Djarum and Prajogo Pangestu, had shown interest in the instrument. He did not provide further details but stressed that “everyone is participating.”
A Strategic Financing Tool
The Patriot Bond is the first debt instrument issued by Danantara. It is designed to mobilize up to Rp 50 trillion, equal to $3.1 billion, to finance strategic projects such as waste-to-energy power plants in 33 locations across Indonesia.
The bond will be offered in two series with maturities of five and seven years, carrying a coupon of 2 percent. Unlike regular government bonds, the yield is set well below market rates, highlighting its voluntary, impact-investment nature.
Danantara Chief Investment Officer Pandu Sjahrir explained that the Patriot Bond follows models widely used in countries such as Japan and the United States, which deploy similar instruments to secure long-term, low-cost national financing. “This is a call for collective action from Indonesian business. It asks investors to exchange part of their short-term gains for a long-term legacy of independence, sustainability, and prosperity,” he said.
Below-Market Returns, Above-National Value
Market comparisons underscore the sacrifice embedded in the Patriot Bond. Government Sukuk SR023 offered yields of 5.8 percent for three years and 5.95 percent for five years, while Bank Indonesia’s Deposit Facility stood at 4.25 percent in August 2025. The Patriot Bond, by contrast, offers only 2 percent, reflecting its positioning as a private placement for national solidarity rather than conventional return.
“This is an instrument of trust. It provides stable medium- to long-term funding for the state, while businesses gain access to a safe, purposeful investment that strengthens the economy,” Pandu said. He added that the Rp 50 trillion raised would be directed to structural challenges such as waste management, STEM education gaps, and preparing for demographic shifts ahead of Indonesia’s 2045 vision.
Presidential Push for Waste-to-Energy
Coordinating Minister for Food Affairs Zulkifli Hasan disclosed that President Prabowo had set an 18-month deadline for the completion of waste-to-energy projects, which had been stalled for a decade. “The president instructed us to finish this within 18 months. We will make it happen,” Zulkifli said after attending a cabinet meeting in late August.
The program is part of Danantara’s broader “Indonesia Inc.” strategy to involve national conglomerates in long-term economic transformation, including renewable energy, waste management, and job creation in higher value-added sectors.
At the August launch event attended by leading entrepreneurs, Cabinet Secretary Teddy Indra Wijaya also delivered remarks, underscoring the government’s expectation that the business community actively supports the national agenda.
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