ORI021 Now Available, Coupon 4.9 Percent

JAKARTA, KOMPAS.com – The Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance again issued state bonds (ORI) series 021 or ORI021.

Director General of Financing and Risk Management Luky Alfirman said, the offer ORI021 opened starting today, Monday (24/1/2022) until February 17, 2021. ORI021 is the first retail SBN to come out in 2022.

“ORI021 is the first retail SBN to be offered in 2022, this is our flagship retail SBN,” Luky said in a press conference on Monday.

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Luky said that the coupon or yield set by the government for the ORI021 instrument was fixed at 4.9 percent fixed rate. The minimum purchase of ORI021 is IDR 1 million and the maximum is IDR 2 billion.

Because it is affordable, Luky said that millennials are the biggest buyers of retail SBN.

“The millennial generation is the biggest buyer, now it is at 40 percent, in one instrument at that time it even reached 50 percent,” he said.

Meanwhile, ORI021 is a scripless state bond; can be traded on the secondary market and only between domestic/local investors referring to the third digit of the Single Investor Identification (SID) code.

The holding period is one coupon payment period and is book-transferable starting April 15, 2022.

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He further explained, ORI021 has many advantages because it is published by the government. This makes the security high, because it is guaranteed by law.

“By buying ORI021, we actively participate in developing the country because ORI021 is used to finance the APBN, buy vaccines, finance education, that’s the use of ORI021,” explained Luky.

ORI021 purchase order process online online carried out through 4 stages, namely registration/registration, ordering, payment and settlement/confirmation.

Purchase orders are submitted through an electronic system provided by Distribution Partners who have: interface with the e-SBN system.

“Before placing a purchase order, every potential investor should have understood the ORI021 Information Memorandum which was released on January 24, 2022 and can be accessed on the landing page at the link www.kemenkeu.go.id/ori,” said Luky.

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