Retail Sukuk SR017 Can Be Purchased, Bibit: Young Generation Can Invest While Contributing To National Development

Photo: Special

JAKARTA - Since the beginning of 2022, the issuance of Retail State Bonds (ORI021), Retail Sukuk (SR016), and Retail Savings Bonds (SBR011) have received a very enthusiastic response from the Indonesian people. Most recently, the government released Retail State Sharia Securities (SBSN) series SR017 with an offering period that runs from August 19 to September 14, 2022.

The PR & Corporate Communication Lead of Bibit.id, William, said that the retail Sharia SBN series SR017 was offered with a fixed rate (coupon) yield of 5.90 percent per year, with a tenor of three years, and could be traded on the secondary (tradable) market. SR017 has become an alternative for public investment in the midst of an economic condition that is overshadowed by high inflation and the threat of recession, due to its stable yield (fixed rate).

In addition to the SR017 yield which is higher than BI's benchmark interest rate, which is currently 3.5 percent, the tax imposed on the SR017 yield is only 10 percent. This is lower than the deposit tax, which is 20 percent. On the other hand, because it is tradable, SR017 allows investors to sell it in the market before maturity.

"SR017 is the right choice in investing because the yield is fixed, paid regularly every month, higher than state-owned bank deposit rates, and 100 percent guaranteed by the state. This is suitable for people who want to have a stable passive income that is safe in the midst of conditions in the current economy," William said in his statement. Friday 19 August.

William added that buying the retail SBSN series SR017, it means that the community will contribute to financing the State Budget (APBN) and infrastructure projects in Indonesia. People who have a preference for investing with Sharia principles can also look at this one instrument.

"Investing while contributing to the country's development is a form of active participation that can be done by investors, including the current young generation of Indonesia. Coupon payments made every month are also 100 percent guaranteed by the state so there is no risk of default," added William.

As a Distribution Partner for the Sale of Government Securities officially appointed by the Ministry of Finance of the Republic of Indonesia, Bibit is ready to assist the Indonesian people in purchasing/ordering SR017. For information, the minimum purchase/order for SR017 is IDR 1 million and multiples of IDR 1 million with a maximum of IDR 5 billion. To be able to purchase SR017 on the Bibit application or website, users simply click on the "State Securities (SBN)" icon or banner on the application homepage and on the Bibit website.

In this case, Bibit partners with Stockbit Sekuritas to manage the recording and storage of investors' SBN Investor Fund Accounts. Later, after investors make payments for SBN transactions, investors will receive proof of transactions in the form of Proof of State Revenue (BPN). In the BPN, there is a State Receipt Number (NTPN) which is issued directly by the state as well as proof of ownership of the purchased SBN.

"Seeing the high public interest in SBN investment, we are optimistic that SR017 will be welcomed by the Indonesian people, especially the younger generation who are increasingly literate in investment. We are also pleased to see the continued increase in the number of State Securities investors, from 460 thousand at the end of 2020 to 611 thousand at the end of 2021, and as of July 2022, the figure has touched 736 thousand investors. This of course cannot be separated from the various continuous efforts made by the regulator," concluded William.