ORI022 State Bonds Can Be Purchased, Bibit.id: Have Passive Income While Building The Country

Photo: Doc. Ministry of Finance

JAKARTA - As of September 26, 2022, the Indonesian government has launched the Retail Government Bond series ORI022, which is the second Retail Government Bond issued by the government this year. The ORI022 offering period starts on September 26, 2022, and ends on October 20, 2022.

ORI022 is offered with a fixed rate (coupon) yield of 5.95 percent per year with a tenor of three years and can be traded on the secondary market. This figure is quite high compared to the average interest rate on deposits of state-owned banks and the benchmark interest rate of Bank Indonesia, which is currently 4.25 percent.

The tax imposed on the yield of ORI022 is only 10 percent, lower than the deposit tax of 20 percent. With relatively lower taxes and no risk of default because ORI022 is guaranteed 100 percent by the state, Bibit's PR & Corporate Communication Lead, William, said that retail investors can use ORI022 as an alternative to stable passive income in the midst of uncertain economic conditions.

"By buying Government Securities (SBN), including this ORI022, it means that the public participates in financing the State Revenue and Expenditure Budget (APBN). There is a good mission in addition to the benefits that investors also get by buying ORI022," said William, in his statement, Monday, September 26.

Minimum purchase/order for ORI022 is IDR 1 million and multiples of IDR 1 million with a maximum of IDR 5 billion. The first coupon payment will be made on December 15, 2022, and subsequently, coupon payments will be made every month on the 15th.

As a distribution partner (midis) for selling Government Securities (SBN) officially appointed by the Ministry of Finance of the Republic of Indonesia, Bibit enables the public to purchase ORI022 at Bibit safely and easily. To be able to invest in SBN in Bibit, users simply click on the “State Securities (SBN)” icon or banner on the application homepage and on the Bibit website.

In this case, Bibit partners with Stockbit Sekuritas to manage the recording and storage of investors' SBN Investor Fund Accounts. Later, after investors make payments for SBN transactions, investors will receive proof of transactions in the form of Proof of State Revenue (BPN).

In the BPN, there is a State Receipt Number (NTPN) which is issued directly by the state as well as proof of ownership of the purchased SBN.

Public interest in SBN investment also continues to increase from time to time. During the offering period of Retail State Sharia Securities (SBSN) series SR017 on August 19-14 September 2022, there were 65,362 investors who bought SR017, of which 46.8 percent were millennial investors. Overall, investors in SR017 are the largest in terms of Retail SBN issuance in Indonesia.

For Bibit itself, Bibit became the distribution partner for the fintech category that scored the largest number of sales for SR017. William added that Bibit is committed to always providing a safe, easy, fun investment experience and encouraging people to contribute to the country.

"Continuing what we have been doing, we want to help the government increase the participation of investors from Indonesia in developing the country, increase the resilience of the domestic financial market and reduce dependence on foreign investors," he concluded.