JAKARTA - The Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance officially launched the initial public offering of the Indonesian Retail Bond (ORI) series ORI029.
Meanwhile, ORI029 offers coupons with fixed interest rates until maturity, namely for a 3-year tenor (ORI029T3), the coupon given is 5.45 percent per year, while the 6-year tenor (ORI029T6) offers a coupon of 5.80 percent per year.
Acting Director of State Debt Letters DJPPR of the Ministry of Finance, Novi Puspita Wardani, said that ORI029 has started to be purchased by the public starting Monday, January 26, at 09.00 WIB.
"So it was exactly 09.00 WIB this morning. So it was 09.00 WIB this morning, this investor could buy ORI029," he said at a press conference, Monday, January 26.
According to Novi, retail government bonds (SBN) are designed for people who want to develop financial capabilities, especially for beginner investors because this instrument is safe because it is guaranteed by law.
He explained that the payment of coupons and principal of SBN is fully guaranteed by the government through the State Budget Law and the State Debt Letter Law, so that with this guarantee, the risk of default is considered very low, even close to zero.
"This means that the risk is very low, the potential for default is almost zero, because it is covered by two laws. There is a state budget law that every year has budgeted for interest payments and basically, then there is also a state debt law that requires the government to pay interest and principal when it is due," he said.
Novi added that beginner investors should not immediately invest in high-risk instruments because the experience of losses at the beginning can cause trauma and make a person reluctant to invest again.
"Remember, if we just keep learning and then we learn to instruments that are very risky, then yes, thank God if we are lucky, if we are unlucky, we will definitely have pain, so we are afraid that it will become traumatic," he explained.
Novi said ORI029 carries the theme of Valuable Choices for Growth and Empowerment, which reflects the two main benefits of this instrument, namely supporting individual financial growth while helping finance the state budget.
Meanwhile, the offering period for ORI029 will take place from January 26 to February 19, 2026 with a target fund absorption of IDR 25 trillion.
Meanwhile, the determination of the sale proceeds is scheduled for February 23, 2026, with the settlement date on February 25, 2026.
Meanwhile, the maturity date of ORI029T3 is set on February 15, 2029, while ORI029T6 will expire on February 15, 2032.
The payment of the ORI029 coupon is made every 15th of each month, with the first coupon payment on April 15, 2026.
This instrument has a holding period of one coupon payment and can only be traded again starting April 16, 2026.
The minimum order value is set at IDR 1 million with a maximum purchase limit of up to IDR 5 billion for ORI029T3 and IDR 10 billion for ORI029T6.
According to Novi, the restrictions are aimed at making ORI029 more accessible to individual investors, especially people who are just starting to invest.
"Because if it is not limited, there are also large investors who want to buy this SBN retail, so that individual investors who may want to learn, who only have 1 million so they don't get it. So that's why we have a maximum purchase here," he said.
In the process of distributing ORI029, the government works with 28 distribution partners consisting of 18 commercial banks, six securities companies, and four special securities companies.
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