SBN Syariah Series ST009 Can Be Purchased, Bibit.id: Solutions To Have A Passive Income While Maintaining Earth

Photo: Doc. Bibit

Ahead of the closing of the year, the government issued the last retail State Sharia Securities (SBSN) in 2022, namely the ST009 series Savings Sukuk with an offering period of 11-30 November 2022. The ST009 series Savings Sub-Department is offered with 6.15 percent coupon per year, floating with floor (dembanging at the minimum level) and is due for two years.

According to Bibit.id's Head of Digital Marketing, Angie Anandita Tjhatra, ST009 can mainly be an alternative for Indonesians who want to develop their funds in sharia principles and have a passive income. With the yield of floating with floor, it means that the amount of the yield from ST009 will be adjusted to the interest rate of Bank Indonesia (BI).

If the BI benchmark interest rate increases, ST009 yields will also increase. However, if the BI benchmark interest rate drops, the minimum yield limit is 6.1 percent per year, no less than that.

The fact that during 2022 Bank Indonesia has tripled interest rates of a total of 125 basis points or 1.25 percent makes ST009 the right and profitable investment option, if interest rate increases occur again.

"St009 is the right choice for people who want to have a passive income with returns exceeding the average interest rate of state-owned bank deposits. It can be said that the yield is quite profitable in the current era of interest rate hikes. In addition, ST009 is a Retail Green, which means that when people buy ST009, people support the government in financing green projects, aka environmentally friendly projects," said Angie, in a statement, Friday, November 11.

The minimum purchase/order for ST009 is IDR 1 million and a multiplicity of IDR 1 million with a maximum of IDR 2 billion. Payment of the first coupon will be made on January 10, 2023 (in the form of a long coup), and then coupon payments will be made every 10th of each month. ST009 cannot be traded on the secondary market (non-tradeable) before the expiration date of two years.

However, ST009 can be partially disbursed before it matures in the early redemption period on October 25-3 November 2023. In the early redemption period, investors can disburse ST009 investments of a maximum of 50 percent when they have invested for one year. Because the minimum disbursement of ST009 is IDR 1 million, in order to be able to do early redemption, investors must invest in ST009 at least IDR 2 million.

Similar to other SBNs, ST009 is also 100 percent guaranteed by the state so that people don't have to worry about investing in this instrument. Taxes from the yield are only 10 percent, lower than deposits, which are 20 percent.

William added, as a sales semi-distribution partner (midis) of SBN officially appointed by the Ministry of Finance of the Republic of Indonesia, Bibit is optimistic that ST009 will receive a very enthusiastic response from investors because amid the recession issue like now, investors can invest in low-risk products and the yields are profitable.

Bibit's optimism is not without basis. According to Angie, the experience of proving that Bibit has become a medium that is trusted by the Indonesian people.

"In the issuance of the ORI022 series Retail State Bonds on 26 September-20 October 2022 and the SBSN retail series SR017 on 19 August-14 September 2022, Bibit became the Fintech category Distribution Partner who scored the most sales on the ORI022 and SR017 offerings. Previously, in the sale of the SBR011 Retail Savings Bond series on 25 May-16 June 2022, Bibit also became the Fintech category Distribution Partner who recorded the highest number of investors," he explained.

To be able to invest in SBN in Bibit, users simply click on the icon or banner "State Securities (SBN)" on the application homepage and the Bibit website. In this case, Bibit partners with Stockbit Sekuritas to manage the recording and storage of investor-owned SBN Investor Fund Accounts.

Later, after investors make payments for SBN transactions, investors will receive transaction evidence in the form of State Revenue Evidence (BPN). In BPN, there is a State Revenue Certificate Number (NTPN) issued directly by the state and is proof of ownership of the purchased SBN.