Danantara Gets $1 Billion Loan at Double Cost of ‘Patriot Bonds’

Indonesian sovereign wealth fund Danantara has secured a loan equivalent to $1 billion, people familiar with the matter said, paying more than double for the money than it did with...

By Sheryl Tian Tong Lee (News) · Bloomberg Markets

Indonesian sovereign wealth fund Danantara has secured a loan equivalent to $1 billion, people familiar with the matter said, paying more than double for the money than it did with its so-called patriot bonds.