Becoming The Best SBN Sales Distribution Partner From The Ministry Of Finance, Bibit.id Invites People To Buy ORI025

Photo: Doc. Bibit.id

JAKARTA - Bibit.id which was named by the Ministry of Finance of the Republic of Indonesia as the Best Retail State Securities (Midis) Distribution Partner (SUN) in 2022, Midis for Best State Sharia Securities (SBSN) for 2022 and 2023 for the Fintech Category and the Best Retail SUN Midist for 2023 Fintech Category, consistently invites Indonesians to participate in developing the country through investments in SBN instruments this year.

In January 2024, the Indonesian government launched the ORI025 series Retail State Bonds. With an offering period from January 29 to February 22, 2024, ORI025 can be purchased online on Bibit applications for 24 hours every day and seven days a week, including during holidays or weekends. Purchases via Bibit are also free of additional costs.

ORI025 is offered with two types of products, namely ORI025-T3 for a three-year tenor with a yield (coupon) of 6.25 percent per year and ORI025-T6 for a six-year tenor with a coupon of 6.40 percent per year. This yield is higher than the average bank deposit interest guaranteed by the Deposit Insurance Corporation, which only ranges from 3-4 percent per year. ORI025 is also subject to a lower tax compared to deposits. The tax imposed on ORI025 is only 10 percent, while the deposit tax is 20 percent.

On the other hand, with fixed yields stable until maturity, ORI025 can be a low-risk investment option because 100 percent is guaranteed by the state. With fixed rate returns, ORI025 can provide steady monthly fixed income to investors over the next 3-6 years.

Angie Anandita Tjhatra, Head of Marketing Bibit, invites investors to buy ORI025 at this time. According to her, this is the right momentum because the Bank Indonesia (BI) interest rate is projected to be at the top. Investing in instruments with fixed rate yields can be the right choice. When later BI interest rates are predicted to start to decline in Semester 2 of 2024, ORI025 coupons will not decrease because they are fixed/fixed.

"In addition, ORI025 can be an alternative for people to invest, which is 100 percent safe, guaranteed by the state as well as contribute to state development," said Angie.

The purchase/order for ORI025-T3 is IDR 1 million and a multiplicity of IDR 1 million with a maximum of IDR 5 billion. Meanwhile, the minimum purchase/order for ORI025-T6 is IDR 1 million and a multiple of IDR 1 million with a maximum of IDR 10 billion. Payment of the first coupon will be made on April 15, 2024 (long coupon), and then coupon payments will be made every month every 15th.

"And don't worry about people who want to disburse ORI025 investment before it matures. ORI025 is a tradeable SBN that can be sold before it matures in the secondary market, starting April 16, 2024. But it should be noted, the sale of ORI025 before maturity must still see the availability of buyers in the secondary market. Selling prices in the secondary market also follow market prices, so it can go up or down," added Angie.

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.

For information, at the end of 2021, data from the Indonesian Central Securities Depository (KSEI) recorded the number of SBN investors as many as 611 thousand investors. The figure then rose to 831 thousand at the end of 2022, and by the end of 2023 the figure had reached one million investors.

"Of course, as a SBN sales distribution partner, Bibit is proud to be able to participate in increasing community participation in investing in SBN. We will also continue to invite people to invest in SBN through various educational efforts," concluded Angie.