These Are The Three Reasons To Buy ST012 In Bibit.id

Photo: Doc. Bibit.id

JAKARTA - From April 26 to May 29, 2024, the Government officially issued the second State Sharia Securities (SBSN) this year, namely the ST012 Series Savings Sukuk.

ST012 comes in two types of products. First, ST012-T2 with a two-year tenor and a minimum yield (coupon) of 6.40 percent per year. Second, ST012-T4 with a four-year tenor and a minimum yield of 6.55 percent per year.

Similar to its predecessor, namely ST010 and St011 which were offered in 2023 ago, ST012 also has a floating with floor yield. This means that if the benchmark interest rate of Bank Indonesia (BI) increases, the yield from ST012 will also increase.

For information, amid the trend of rising interest rates, BI has just raised interest rates in April 2024 from 6 percent to 6.25 percent, investing in SBN products that have floating with floor yields such as ST012 can benefit investors more. Because, there is a potential increase in yields if BI returns to raise interest rates.

On the other hand, if the BI benchmark interest rate drops, ST012 yields will not drop and will remain at the minimum yield limit, namely, 6.40 percent per year for ST012-T2 and 6.55 percent per year for ST012-T4.

The minimal purchase/order for ST012-T2 is IDR 1 million and a multiplicity of IDR 1 million with a maximum of IDR 5 billion. Meanwhile, the minimum purchase/order for ST012-T4 is IDR 1 million and the multiplicity is IDR 1 million with a maximum of IDR 10 billion.

"In addition to being 100 percent guaranteed by the state, ST012 is also a sharia product supervised by the MUI National Sharia Council. Compared to deposits that are subject to a tax of 20 percent, the tax imposed on ST012 is only 10 percent. In terms of yields, ST012, especially for 4 years with a yield of 6.55 percent per year, is ST with the highest yield for the last 3 years, said Angie Anandita Tjhatra as Head of Marketing Bibit.id, in her statement, Tuesday, April 30.

Both ST012-T2 and ST012-T4 are seen as safe and attractive medium-term passive income alternatives. The reason is, ST012 yields will be paid every month every 10th with the first yield (coupon) for ST012 will be received on July 10, 2024 (long coup).

ST012 can also be disbursed a maximum of 50 percent before it matures in the early-redemption period. ST012-T2 investment can be disbursed a maximum of 50 percent after one year (on the early-redemption period 25 April-5 May 2025), while ST012-T4 can be disbursed a maximum of 50% after two years (in the early-redemption period 24 April-4 May 2026).

As a distribution partner for the sale of Government Securities (SBN), Bibit.id continues to socialize and educate the Indonesian people about the benefits of investing in SBN instruments, including ST012, with the aim of supporting national development and strengthening the domestic financial market. Angie said, there are at least three reasons why Indonesians chose Bibit as their investment partners.

First, Bibit is a (midis) distribution partner whose reputation and track record have been proven and trusted by the Indonesian people. In December 2023, Bibit received four prestigious awards from the Ministry of Finance of the Republic of Indonesia. The four awards include the Best State Securities Distribution Partner (Midis) of State Securities (SUN) of 2022, the Midis of State Sharia Securities (SBSN) of Best Retail in 2022 and 2023 Fintech Category as well as the Best Retail SUN Midist in the Fintech Category and Electronic System Operators of Trade in 2023. Bibits are also routinely the midist of the fintech category which recorded the largest sales for various SBN series since 2022.

Second, in terms of benefits to investors, Bibit provides promotions in the form of attractive cashbacks. For investors who buy ST012 faster in the period 26 April-12 May 2024, they can get a larger cashback of up to IDR 30 million. Meanwhile, investors who buy ST012 in the period 13-29 May 2024 can get cashback of up to IDR 20 million.

Third, in terms of convenience, investors can buy ST012 for 24 hours a day and seven days a week on Bibit via their smartphone. Users simply click on their icon or 'State Securities' banner on the application homepage or Bibit website. In this case, Bibit partners with Stockbit Sekuritas to manage investor-owned SBN Investor Fund Account 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.

"Finally, it should be noted that there is no cost for purchases of ST012 in Bibit. Disbursement of coupons every month goes directly to RDN Wallet so that users can easily invest them again," concluded Angie.