PHOTO: REUTERS[JAKARTA] Indonesian sovereign wealth fund Danantara has secured a loan equivalent to US$1 billion, people familiar with the matter said, paying more than double for the money than it did with its so-called patriot bonds. That means Danantara is paying more than twice the 2 per cent coupon on its five- and seven-year patriot bonds that it previously issued to Indonesia’s richest families. Danantara had approached banks last year for as much as US$10 billion – a deal that would have been South-east Asia’s largest loan. It wound up deciding to raise only the US$1 billion, and kept the loan to that size despite the fact that about 29 banks joined. The fund raised 50 trillion rupiah (S$3.8 billion) from those securities late last year, at yields it had acknowledged were below market levels.