JAKARTA - As of the end of August 2025, the government has issued a retail state securities (SBN) worth IDR 103 trillion. This figure has reached 69.59 percent of the target for issuing this year's retail SBN which is set at IDR 148 trillion.
The Director General of Financing and Risk Management (DJPPR) of the Ministry of Finance, Suminto, stated that retail investors' interest in SBN continues to increase every year.
He explained that in 2020, the value of retail SBN is recorded at IDR 77 trillion, increasing to IDR 98 trillion in 2021. This trend will continue in 2022 with a realization of IDR 107 trillion, then a significant increase to IDR 148 trillion in 2023, and a slight increase to IDR 149 trillion in 2024.
"The interest of retail investors has increased so that this is part of the deepening of the domestic market," said Suminto during a working meeting with Commission XI of the DPR, Thursday, September 11.
He said that the number of retail SBN investors also showed an upward trend, from 543,220 in 2020 to 916,574 in 2024, and increased again to 991,825 investors in 2025.
Suminto added that the government continues to innovate in the issuance of SBN instruments, including presenting special or thematic themed SBNs and there are already eight types of SBN instruments that have been issued.
The instruments include Green Sukuk (global and domestic), Cash Waqf Linked Sukuk (CWLS and Retail CWLS), Sustainable Development Goals (SDG) Bond (global and domestic), Samurai Blue Bond, Retail SUN SDG, and Kangaroo Bond which are the latest and published products in 2025.
SEE ALSO:
Cumulatively, the issuance of Green Sukuk (global) has reached 7.7 billion US dollars during the 2018 period until August 31, 2025. Meanwhile, Green Sukuk (domestic) reached IDR 84.72 trillion for the period 2019 August 31, 2025, and CWLS and retail CWLS recorded IDR 1.17 trillion in 2020 August 31, 2025.
The other details include SDG Bond (global) worth 1.25 billion euros in 2021 and 2024, SDG Bond (domestic) amounting to Rp13.81 trillion, Samurai Blue Bond 49.40 billion Japanese Yen for the period 2023 2025, SUN Retail SDG amounting to Rp3.04 trillion in 2024, and Kangaroo Bond amounting to 800 million Australian dollars in 2025.
In addition, Suminto also said that the government's support portfolio for the Government and Business Entity Cooperation (PPP) project continues to grow, and until now, there have been 36 KPBU projects signed with a total investment value of IDR 343 trillion.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
