Purbaya Says Patriot Bonds Gives Benefits To The Antara

Minister of Finance Purbaya Yudhi Sadive. (Photo: ANTARA)

JAKARTA - Minister of Finance (Menkeu) Purbaya Yudhi Sadive said "Patriot Bonds" could provide benefits for the Anagata Nusantara (Danantara Indonesia) Investment Management Agency.

On the other hand, his party will continue to monitor the use of these bonds, along with the status of Minister of Finance Purbaya as the ranks of the Indonesian Supervisory Board.

"Danantara is profitable if you use Patriot Bonds. I just monitor it from afar, but it feels like the risk is small and profitable for the Danantara," said Minister of Finance Purbaya as reported by ANTARA, Thursday, October 9.

Purbaya admitted that he had not dissected in detail related to Patriot Bonds.

According to him, the issuance of these bonds is a matter between Danantara Indonesia and investors.

Thus, he emphasized that he could not answer regarding the principle of justice related to Patriot Bonds, because the Ministry of Finance was not directly involved in the bonds.

"But is it fair or not? I don't know. I wasn't involved in the design. This (Patriot Bonds) was already there before I entered (to the Ministry of Finance)," said Purbaya.

Patriot Bonds is a strategic financing instrument commonly used in various countries, such as Japan to the United States (US), which was issued with the aim of strengthening national financing independence.

Patriot Bonds diterbitkan dalam dua seri, yaitu seri dengan jangka tenor lima tahun dan tujuh tahun, yang keduanya menawarkan imbal hasil sebesar dua persen.

Danantara Indonesia berhasil mengumpulkan dana Patriot Bonds senilai Rp50 triliun, yang akan digunakan untuk proyek energi baru dan terbarukan (EBT), serta konversi sampah menjadi energi (Waste to Energy).

“Ya, pokoknya dananya sudah tercapai Rp50 triliun, fokus untuk Waste to Energy dan juga energi baru terbarukan,” ujar CEO Danantara Indonesia Rosan Roeslani.

Patriot Bonds was published in two series, a five-year and seven-year tenor-term series, both offering two-percent returns.

Danantara Indonesia managed to raise Patriot Bonds funds worth IDR 50 trillion, which will be used for new and renewable energy projects (EBT), as well as converting waste into energy (Waste to Energy).

"Yes, basically the funds have been achieved IDR 50 trillion, focus on Waste to Energy and also new and renewable energy," said Danantara Indonesia CEO Rosan Roeslani.