DGTPR Reveals ORI025 Offering Reaches IDR 23.92 Trillion

JAKARTA - Director of Government Securities, Directorate General of Financing and Risk Management of the Ministry of Finance, Ministry of Finance Deni Ridwan conveyed that the ORI025 series Retail State Bonds (ORI) offer had been officially closed on Thursday, February 22, 2024 at 10.00 WIB. Until the closing, the value of incoming bids reached Rp. 23.92 trillion.

"Last Thursday, February 22, 2024, at 10.00 WIB, the ORI025 offer period had been closed. Currently, we are still reconciling data with related parties. Until last Thursday at 10.00 WIB, the book order reaching ORI025 has reached Rp23.92 trillion or 81,952 frequencies," he told VOI.ID, Friday, February 23, 2024.

Deni said that for ORI025 the 3-year tenor (T3) the order reached IDR 19.38 trillion with 52 frequencies of transactions. Meanwhile, for ORI025 the 6-year tenor (T6) is IDR 4.53 trillion with 13 thousand frequencies.

"The final figures will be announced after the determination of the issuance of ORI025 on February 26, 2024," he explained.

For information, ORI025-T3 has a yield of 6.25 percent and for ORI025-T6 which has a yield of 6.4 percent. The government set an initial target of ORI025 sales of IDR 25 trillion, with details of IDR 15 trillion for a 3-year tenor and IDR 10 trillion for a 6-year tenor.

In addition, the Directorate General of Financing and Risk Management of the Ministry of Finance (DJPPR Kemenkeu) received a thick fundraising from the results of the issuance of Retail SBN throughout 2023 of IDR 147.42 trillion.

Meanwhile, the Ministry of Finance's DGTPR has also released a schedule for the issuance of the 2024 retail SBN. In total, there are 8 retail SBN series that are ready to launch in 2024. After ORI025, the government will issue the SR020 Series Retail Sukuk with a tentative period starting March 1, 2024.