Jakarta. Indonesian cigarette manufacturer Hanjaya Mandala Sampoerna (HMSP) announced on Thursday that it has purchased Rp 500 billion ($30 million) worth of Patriot Bonds issued by the country’s sovereign wealth fund Danantara.
The proceeds from the Patriot Bond offering will be used to finance renewable energy and waste-to-energy projects, part of Danantara’s broader initiative to mobilize sustainable investment capital.
According to Corporate Secretary Andy Revianto, Sampoerna acquired the bonds in two tranches: Series A, valued at Rp 250 billion with a 2 percent annual coupon maturing on October 22, 2030, and Series B, also Rp 250 billion with the same 2 percent coupon, maturing on October 21, 2032.
“The total investment represents approximately 1.76 percent of the company’s equity based on audited financial statements as of December 31, 2024,” Andy said in a disclosure to the Indonesia Stock Exchange (IDX).
He added that the investment would not have a material impact on Sampoerna’s financial performance or business continuity.
“Our participation reflects the company’s commitment to supporting sustainable development and the government’s environmental initiatives,” Andy said.
The Patriot Bond is Danantara Indonesia’s first debt instrument, aimed at raising up to Rp 50 trillion ($3 billion) to fund strategic national projects. The bonds are issued in two series with five-year and seven-year tenors, designed to attract institutional investors seeking long-term green investment opportunities.
Tags:
Keywords: