Tag: Corporate Bonds

Danantara, Indonesia’s new Sovereign Wealth Fund, today announced an ambitious plan to issue a second set of new Patriot Bonds worth Rp 20 trillion. The bond issuance aims to promote sustainable investment in Indonesia and provide the public with an opportunity to participate in financing projects with positive social and environmental impact.

Indonesian construction firm WIKA has delayed interest and profit-sharing payments on various bonds and sukuk due to poor cash flow and declining new contracts, reflecting a broader industry downturn. The company plans meetings with bondholders to negotiate payment rescheduling, amid increasing credit risk and ongoing financial restructuring efforts.