INA, AllianzGl tie up to deploy USD 200 million annually into hybrid capital solutions in Indonesia

September 23, 2024
INA, AllianzGl tie up to deploy USD 200 million annually into hybrid capital solutions in Indonesia

According to an announcement on Monday (23/09), the Indonesia Investment Authority (INA) and Allianz Global Investors (AllianzGl) have signed a memorandum of understanding to invest up to USD 200 million annually in hybrid capital solutions for Indonesian businesses. These solutions will focus on customized credit and innovative financing methods that combine different financial instruments, particularly targeting critical infrastructure needs and supporting the country’s energy transition efforts. “Our joint initiative to deploy hybrid capital solutions is about crafting a robust framework for financial innovation that supports the sustainable expansion of local enterprises. Together, we aim to enhance the investment landscape in Indonesia, ensuring each venture not only supports local economic growth but also adheres to stringent optimal risk-adjusted returns,” said the CEO of INA, Ridha Wirakusumah.