ST010 Order War Starts! Bibit.id: Beneficial Results, Sharia-Based, 100 Percent Guaranteed By The State

Photo: Doc. Bibit.id

As of May 12, 2023, the government officially issued retail State Sharia Securities (SBSN), namely the ST010 Series Savings Sukuk. With an offer period of May 12-7 June 2023, ST010 comes in two types of products, which include ST010-T2 with a two-year tenor and ST010-T4 with a four-year tenor.

ST010-T2 is offered with a coupon of 6.25 percent per year, floating with floor (mining at the minimum level) and due for two years, while ST010-T4 is offered with a coupon of 6.4 percent per year, floating with floor and due for four years.

With a floating with floor yield, it means that the amount of the ST010 yield will be adjusted to the Bank Indonesia (BI) interest rate. If the BI benchmark interest rate increases, the ST010 yield will also increase. On the other hand, if the BI benchmark interest rate drops, the minimum yield limit is 6.25 percent per year for ST010-T2 and 6.4 percent per year for ST010-T4, it will not be less than that.

The minimal purchase/order for ST010-T2 is IDR 1 million and the multiplicity is IDR 1 million with a maximum of IDR 5 billion, while the minimum purchase/order for ST010-T4 is IDR 1 million and the multiplicity is IDR 1 million with a maximum of IDR 10 billion.

Bibit's experience in marketing ST009 in November 2022 was very memorable. The daily quota of ST009 always runs out in a matter of minutes. At that time Bibit managed to become the fintech category distribution partner with the most sales. Public interest is indeed very high because apart from being 100 percent guaranteed by the state, the yield of floating with floor which has the potential to rise when interest rates rise to its main advantage. We believe that the response to ST010-T2 and ST010-T4 will also be very high. Investors need to invest immediately ST010 before the quota runs out," said Angie Anandita Tjhatra, Head of Digital Marketing Bibit.id, in his statement, Friday, May 12.

Angie added, ST010-T2 and ST010-T4 are Retail Sukuk Greens, where every rupiah that the public invests will be intended to finance environmentally friendly projects. Thus, this product is also very suitable for the Indonesian people who care about the survival of the earth while continuing to develop their funds in accordance with Islamic principles and get favorable returns.

The yields paid each month are also an additional attraction, so these two products are looked at by investors as a profitable source of passive income. For information, ST010 can be disbursed a maximum of 50 percent before maturity in the early reduction period. ST010-T2 investment can be disbursed a maximum of 50 percent after one year, while ST010-T4 can be disbursed a maximum of 50 percent after two years.

In contrast to the average BUMN bank deposit interest rate which is at 2-3 percent per year, ST010-T2 and ST010-T4 are investment alternatives whose returns are above deposits and can beat the inflation rate which as of April 2023 is at 4.33 percent. The tax imposed on the ST010 yield is only 10 percent, while deposits are deducted by 20 percent tax.

To be able to invest in SBN in Bibit, users simply click on the icon or banner 'State Securities (SBN)' on the application homepage and the Bibit website. In this case, Bibit partners with Stockbit Sekuritas to manage investor-owned SBN Investor Fund Recording and Storage.

Later, after investors make payments for SBN transactions, investors will receive transaction evidence in the form of State Revenue Evidence (BPN). In BPN, there is a State Revenue Certificate Number (NTPN) issued directly by the state and is proof of the ownership of the SBN purchased.