Inviting the Community in the ORI022, Bibit.id to Participate in Ministry of Finance Events in Yogyakarta

Photo: Doc. Bibit

JAKARTA - Investment application for mutual funds and Government Securities (SBN) for beginners, Bibit.id, took part in the Goes to Campus Public Lecture and ORASI (Investment Chat for the Country) activity organized by the Directorate General of Financing and Risk Management (DJPPR) Ministry of Finance of the Republic of Indonesia on Friday, October 7, 2022, at the Yogyakarta Islamic University (UII) campus.

As a Distribution Partner for the sale of State Securities officially appointed by the Ministry of Finance of the Republic of Indonesia, Bibit is very enthusiastic to meet face-to-face and greet the public, especially fellow students, who want to know more about ORI022 investment in Bibit.

As is known, the Indonesian government has launched the Retail State Bond series ORI022 on September 26, 2022. The offering period for ORI022 begins on September 26, 2022 and ends on October 20, 2022. ORI022 is offered with a fixed rate (coupon) yield of 5.95 percent per year. years with a tenor of three years and can be traded on the secondary market.

This figure is quite high compared to the average interest rate for state-owned banks and the benchmark interest rate of Bank Indonesia, which is currently 4.25 percent. The tax imposed on the yield of ORI022 is only 10 percent, lower than the deposit tax of 20 percent.

With relatively lower taxes and no risk of default because ORI022 is guaranteed 100 percent by the state, retail investors should be able to make ORI022 a stable passive income alternative in the midst of uncertain economic conditions.

"By buying Government Securities (SBN), including ORI022, it means that the community participates in financing the State Revenue and Expenditure Budget (APBN). There is a bigger mission besides the profits that investors also get by buying ORI022," said Public Relations & Corporate Communication Lead Seeds, William in a written statement, Monday 10 October.

Minimum purchase/order for ORI022 is Rp. 1 million and multiples of Rp. 1 million with a maximum of Rp. 5 billion. The first coupon payment will be made on December 15, 2022, and subsequently coupon payments will be made every month on the 15th.

To be able to invest in SBN in Bibit, 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.

Public interest in SBN investment also continues to increase from time to time. During the offering period of Retail State Sharia Securities (SBSN) series SR017 on August 19-September 14, 2022, there were 65.362 investors who bought SR017, of which 46.8 percent were millennial investors.

Overall, investors in SR017 are the largest in terms of Retail SBN issuance in Indonesia. It is known that Bibit became a distribution partner for the fintech category that scored the largest number for SR017 sales.

"It is Bibit's commitment to always provide a safe, easy, fun investment experience and encourage people to contribute to the country," said William.

On the same occasion, William also expressed his appreciation for the trust given by the Ministry of Finance of the Republic of Indonesia from time to time to take part in activities aimed at improving people's financial literacy. Prior to this activity in Yogyakarta, in early September 2022, Bibit and the Indonesian Ministry of Finance also collaborated in carrying out an activity entitled "Education and Media Gathering for the Launch of Sharia SBN Series SR017 in Bibit" which took place in the city of Denpasar.

"The support from the Ministry of Finance of the Republic of Indonesia keeps us enthusiastic and motivated to continue to invite the Indonesian people to build the country and increase the resilience of the domestic financial market," William concluded.