JAKARTA - PT Bank Mandiri Tbk (BMRI) is committed to supporting the State Revenue and Expenditure Budget (APBN). To make this happen, the Bank with the gold ribbon logo is consistent as a retail Government Securities (SBN) sales agent to the public with the advantage of Livin' by Mandiri digital services.
Consistently, Bank Mandiri also distributed Retail State Bonds (ORI) series ORI025 which will be offered from Monday, January 29, 2024 to February 22, 2024 at 10.00 WIB.
Bank Mandiri SVP Wealth Management Sista Pravesthi targets ORI025 sales at Bank Mandiri to reach Rp3 trillion in order to achieve this target, it will target the entire community and Bank Mandiri customers, both those who have purchased retail SBN before and those who do not have investment products based on this government-owned debt securities.
Along with that, Sista said that Bank Mandiri would continue to educate customers about the importance of investment and benefits from ORI025.
"This ORI025 distribution is a form of Bank Mandiri's commitment to supporting the strengthening of the APBN in encouraging the sustainability of economic growth. In line with that, we will continue to present financial and investment solutions that are complementary to customers who meet the needs and developments of technology in the digital era," said Sista in her official statement, Tuesday, January 30.
Sista explained that by conducting education on investment consistently, Bank Mandiri is optimistic that retail SBN sales will continue to grow in the future.
According to him, this education is not only targeting the domestic community but also the Indonesian diaspora and workers spread abroad through the Livin' Around the World program which is regularly held by the company.
As a retail SBN Distribution Partner from the Ministry of Finance, Sista said that Bank Mandiri is ready to make new retail SBN series marketing successful in 2024.
Meanwhile, throughout 2023, Bank Mandiri managed to record retail SBN sales of IDR 22.8 trillion. This value grew 60 percent on an annual basis or year on year (yoy) from retail SBN sales in 2022 and has succeeded in contributing more than 60 percent of the total retail SBN distribution at Bank Mandiri.
"Meanwhile, sales through SuperApp Livin' by Mandiri continue to increase. Evidently, sales through Livin' by Mandiri only started in March 2023 but have succeeded in contributing as much as 64 percent or Rp. 14.5 trillion of total sales at Bank Mandiri," he explained.
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ORI025 investment products can be ordered in nominal orders starting at IDR 1 million and multiples through Livin' by Mandiri. There are two choices for a period of 3 years (ORI025-T3) and 6 years (ORI025-T6). Where, the amount of ORI025-T3 and ORI025-T6 series coupons is 6.25 percent and 6.40 percent respectively with fixed coupon properties (fixed rate).
Ticket payments will be made on the 15th of each month which starts for the first time on April 15, 2024. Meanwhile, the two tenors have maturity dates on February 15, 2027 and February 15, 2030, respectively. Meanwhile, the date of determination of the proceeds from the sale of ORI025 on February 26, 2024 and the date of the schedule on February 28, 2024.
For information, ORI025 is a non-warkat state bond, can be traded in the secondary market and only between domestic/local investors which refers to the third digit of the single-idential singles code or Single Investor Identification (SID).
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