Indonesia’s newly established sovereign wealth fund, Danantara, has announced plans to seek a multicurrency loan of up to $10 billion—potentially the largest syndicated loan in Southeast Asia—according to a statement by a top Danantara executive on Monday. The fund is expected to raise the loan this July.
Formally known as Daya Anagata Nusantara, Danantara has reportedly issued a request for proposals (RFP) to regional and international banks for a loan with tenors ranging from three to five years, Bloomberg reported. The loan will be unsecured and will not be backed by government guarantees, letters of comfort, or any other form of state support.
The proceeds are expected to be used for general corporate purposes, including funding strategic investments and strengthening the fund’s financial position.
Rosan Roeslani, CEO of Danantara, said the loan will complement the earlier foreign investments totaling $7 billion from Qatar, Russia, China, and Australia. “The level of trust from foreign investors in Danantara is significant. We will continue to explore additional partnerships and funding opportunities,” he said in the statement.
Launched in February 2025 as a complement to the Indonesia Investment Authority (INA), Danantara was formed by consolidating stakes in seven major state-owned enterprises (SoEs)—including PLN, Pertamina, Telkom, and BRI—giving it indirect control of assets worth over $900 billion.
Seeded with an initial capital base of $20 billion, Danantara has set an aggressive investment target for 2025. The fund plans to deploy up to $20 billion or around 0.6% of Indonesia’s GDP—across strategic sectors such as renewable energy, infrastructure, critical minerals, artificial intelligence, and downstream industrial development.
In the months since its inception, Danantara has already begun executing on this mandate. It has entered a $4 billion joint investment agreement with the Qatar Investment Authority, with each party contributing $2 billion toward the development of infrastructure and industrial assets in Indonesia. The fund has also signed a 2 billion euros (around $2.9 billion) co-investment agreement with Russia’s sovereign wealth fund, RDIF, focused on new energy projects.
In mid-June 2025, Danantara signed a memorandum of understanding with Chandra Asri Pacific and INA to explore an $800 million investment in a chlor-alkali and ethylene dichloride complex. Danantara, through its subsidiary PT Danantara Asset Management, has also extended a $405 million shareholder loan to the national flag carrier, Garuda Indonesia—marking the initial tranche of a planned $1 billion financing aimed at the airline’s long-term recovery and transformation
Danantara’s formation is a cornerstone of President Prabowo Subianto’s broader economic vision, which aims to accelerate GDP growth to 8% by 2029 and reduce the country’s dependence on foreign debt. Through strategic consolidation of SOEs and international partnerships, Danantara is designed to serve as a catalyst for sustainable, large-scale economic development.
