Cool! Millennials Dominate Purchasing Government Bonds SBR010 Worth Rp7.5 Trillion

JAKARTA - The government through the Director General of Financing and Risk Management (DJPPR) of the Ministry of Finance Luky Alfirman reported the Sales of Retail Government Bonds SBR010 series with a total order volume of more than Rp7.5 trillion.

Quoting the official DJPPR broadcast on Monday, July 19, it was stated that SBR010 was released with the aim of partially meeting the financing needs of the 2021 State Budget, including for the COVID-19 pandemic prevention program and National Economic Recovery.

"The issuance of SBR010 broke the record for non-tradable retail SBN issuance from the number of investors and from the nominal value, both compared to instruments that had been previously offered online and offline before the use of the e-SBN system in 2018," said Luky.

Furthermore, SBR010 is the first SBR published during this pandemic where this series was last published in February 2020.

Even though it was issued with the lowest coupon for retail SBN issuance since 2006, public interest in buying SBR010 was very high. This is proven by the maximum target of SBR010 issuance which has been fulfilled two days before the closing of the SBR010 offering period.

“There were 23,337 investors who invested in SBR010, of which 9,068 (38.9 percent of the total number of investors) were new investors. Investors who buy SBR010 are spread from all provinces in Indonesia," said Luky.

In the issuance of SBR010 this time, there were 1,316 Investors who placed orders with a nominal value of Rp. 1 million. This figure is much larger than the previous SBR issuance in 2020 where there were 886 investors who placed orders at Rp1 million.

Of the total number of SBR010 investors who bought at a nominal value of IDR 1 million, almost all of them are millennials (81 percent) and are dominated by new investors (65.6 percent).

"This reflects the increasing awareness of the younger generation to invest and SBR010 is the right instrument to start learning to invest," he said.

The summary of the results of the SBR010 order is as follows:

Based on the number of investors, the millennial generation dominates SBR010 investors with a portion of 46.1 percent, but in nominal terms it is still dominated by the Baby Boomers generation with 40.4 percent.

Based on profession, the number of SBR010 investors is dominated by private employees, which is 40.2 percent. However, in nominal terms, investors who work as entrepreneurs still dominate SBR010 orders with 35.7 percent.

Based on gender, the number of SBR010 investors is dominated by female investors, 58.3 percent. When viewed based on the investor profession, housewives are in the top three of SBR010 investors. The position of housewives is consistent in the last SBR issuance.

Since the implementation of Single Investor Identification (SID) there have been 14,269 investors who have purchased Retail SUNs more than once (repeating investors), or 61.1 percent of the total number of SBR010, investors with a nominal order of Rp5.29 trillion. Of this number, 36 investors were never absent from buying Retail SUN.