SBR013 Can Be Purchased On Bibit.id, Cashback Of Up To IDR 30 Million

Photo: Special

JAKARTA - At the end of April 2024, Bank Indonesia (BI) recorded an increase in the benchmark interest rate, from the initial 6 percent to 6.25 percent. Bank Indonesia intends to maintain the stability of the rupiah exchange rate in the midst of uncertain global financial market conditions.

In addition, expectations from the US central bank, The Federal Reserve (The Fed), to lower interest rates are getting smaller in the near future. Evidently, the Fed and BI are again holding interest rates in May 2024, strengthening higher for longer sentiment, where interest rates will continue to be at the peak for a longer period.

Under these conditions, State Securities (SBN) with the type of yield (coupon) floating with floor ( Mining at the minimum level) are considered a profitable investment option. Because when the BI interest rate increases, the yield of SBN with this type will also increase. Meanwhile, when the BI interest rate drops, the yield does not fall below the minimum yield.

For example, ST009 is a SBN with a floating with floor coupon type offered on 11-30 November 2022. During the offering period, the initial yield was 6.15 percent per year. Along with the increase in BI interest rates, ST009 yields for the 11 May-10 August 2024 period rose to 7.55 percent per year.

In fact, SBR011 which was published on May 25-June 16, 2022 and has just matured on June 10, 2024, the minimum initial yield when published was 5.5 percent per year. Then, along with the increase in BI interest rates, the final yield before maturity has increased to 8 percent per year.

The good news is, on June 10-4 July 2024, the Indonesian Ministry of Finance issued SBN series SBR013 with yield type (coupon) floating with floor. SBR013 is published in two types of products, namely SBR013-T2 and SBR013-T4. The tenor for SBR013-T2 is two years with a yield of 6.45 percent per year. Meanwhile, SBR013-T4 has a four-year tenor with a yield of 6.60 percent per year.

These returns are also higher than lower tax deposits. The SBN tax is only 10 percent, different from the deposit tax which reaches 20 percent.

Head of Marketing Bibit.id, Angie Anandita Tjhatra, said that SBR013 is an alternative investment that is 100 percent guaranteed by the state and is profitable for short and medium-term investors. The return of the two SBN series will also increase if the BI benchmark interest rate increases. If the BI benchmark interest rate drops, the minimum minimum yield limit remains at 6.45 percent per year for SBR013-T2 and 6.60 percent per year for SBR013-T4, no less than that.

"There are three reasons why SBR013 will be greeted enthusiastically by retail investors in Indonesia. First, SBR013 is an investment instrument that is 100 percent guaranteed by the state. Second, SBR013 offers floating with floor coupons and has a tenor of two years and four years. This is suitable for the public for different financial purposes. Finally, Bibit offers a special cashback promo of up to a maximum of IDR 30 million for SBR013 investors," said Angie, in her statement, Tuesday, June 11.

The public can invest SBR013 in Bibit with a minimum purchase of IDR 1 million and a multiplicity of 1 million and a maximum purchase of IDR 5 billion for SBR013-T2 and IDR 10 billion for SBR013-T4. In addition to the profitable yield, SBR013 investors with a minimum investment value of IDR 2 million can also disburse their investments a maximum of 50 percent before falling due in the Early Redemption period. For SBR013-T2 it can be disbursed by a maximum of 50% after one year, while SBR013-T4 can be disbursed by a maximum of 50 percent after two years of investment.

Investors can invest in SBN in Bibit 24 hours a day, seven days a week, including holidays. The method is also very easy. Investors simply click on the State Securities' (SBN) icon or banner on the Bibit application homepage and website. In this case, Bibit partners with Stockbit Sekuritas to manage investor-owned listing and storing of SBN Investor Fund Accounts.

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.

Sebagai Mitra Distribution (midis) penjualan SBN yang secara resmi ditunjuk oleh Kementerian Keuangan RI di tahun 2022 lalu, Bibit secara konsisten menjadi midis kategori fintech yang mencatatkan penjualan terbesar untuk berbagai seri SBN. Lewat berbagai upaya edukasi dan promosi yang dilakukan, Bibit juga diganjar empat penghargaan bergestif dari Kementerian Keuangan RI.

The four awards include the Midists of Best Retail Government Securities (SUN) in 2022, the Midis of State Sharia Securities (SBSN) for Best Retail in 2022 and 2023 of the Fintech Category and the Best Retail SUN Midist in the Fintech Category and Trade Organizers through the Electronic System in 2023.