INA Not Planning to Issue Bonds Like Danantara

The Indonesia Investment Authority (INA) currently has no plans to issue bonds, according to its Chief Executive Officer, Oki Ramadhana. He stated that there has been no directive from President Prabowo Subianto to follow the path of Danantara, which has already issued bonds to secure investment funds.

"No, we will see going forward, what the needs are. Capital is still enough; we are investing," Ramadhana told reporters in Jakarta on Wednesday, July 1, 2026. He indicated that INA has several investment plans for this year focusing on key sectors. These include transportation, logistics, infrastructure, digital technology, green and blue economy, health, and advanced materials.

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No, we will see going forward, what the needs are. Capital is still enough; we are investing.

Ramadhana could not yet disclose the specific forms or values of these planned investments, as discussions with investors are ongoing. "There are many listed companies too, so when they invest, it must be disclosed. So, we have to maintain confidentiality," he said. In contrast, Danantara has issued Patriot Bonds and global bonds, with their offerings legally protected under Indonesian law.

As a Sovereign Wealth Fund, INA has channeled a total of Rp 74.5 trillion, or approximately US$4.7 billion, in investments since its inception in 2020. This amount comprises Rp 33.3 trillion from INA's own investment channeling and Rp 41.32 trillion from foreign direct investment. The agency's Assets Under Management currently stand at Rp 146.2 trillion.

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There are many listed companies too, so when they invest, it must be disclosed. So, we have to maintain confidentiality.