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Tycoons Pledge to Buy $3 Billion of Indonesian ‘Patriot’ Bonds

Bloomberg•Tuesday, September 30, 2025 at 5:06:40 AM
PositiveFinancial Markets
Tycoons Pledge to Buy $3 Billion of Indonesian ‘Patriot’ Bonds
Indonesia's newly established sovereign wealth fund, Danantara, has successfully garnered pledges from the country's wealthiest tycoons to issue $3 billion in patriot bonds. This initiative not only reflects the confidence of these tycoons in the nation's economic future but also aims to bolster Indonesia's financial stability and growth. The support from such influential figures is crucial as it signals a collective commitment to invest in the country's development, making this a significant step for both the investors and the Indonesian economy.
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