JAKARTA -- Indonesia's sovereign wealth fund, Danantara Indonesia, plans to issue 50 trillion rupiah ($3.1 billion) in "patriot bonds" that will offer returns far below those from traditional government debt but will be used to finance good works.
Economy
Indonesia's Danantara to issue $3.1bn in 'patriot bonds' targeting tycoons
Yield will be less than a third of that on traditional government debt
Since its launch in February, Indonesian sovereign wealth fund Danantara has taken over the management of 844 state-owned enterprises from the Ministry of State-Owned Enterprises. © Reuters
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