It's Fun! The Government Immediately Opens SBR011 Offers, People Can Invest From IDR 1 Million Get 5.5 Percent Coupon

Photo: Doc. Ministry of Finance

JAKARTA - Want an affordable, safe and profitable investment? The government has already prepared the instruments.

Is a retail savings bond (SBR) SBR011 series. Citing information from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, the public can order SBR011 starting at Rp. 1 million with a maximum order of Rp. 2 billion.

Coupon offered 5.5 percent. This floating coupon with a minimum coupon rate (floating with floor) is a combination of the BI-7 Day Reverse Repo Rate of 3.5 percent plus a spread from the government of 2 percent.

According to the DJPPR, the coupon rate will be adjusted every three months on the coupon adjustment date until maturity. The coupon rate refers to BI7DRRR plus a spread of 2 percent.

However, the SBR011 coupon rate will not decrease from the 5.5 percent level. The reason is, this 5.5 percent coupon applies as a minimum coupon rate.

The SBR011 offering period will start on Wednesday 25 May with closing on 16 June 2022.

This SBR is a scripless government bond, cannot be traded on the secondary market, cannot be withdrawn until the maturity date of June 10, 2024, except during early redemption.

This facility can be used by investors on 26 June 2023 with a closing period on 4 July 2023, and a settlement date on 10 July 2023.