Jakarta –
The government issues Retail Savings Bonds (SBR) series 012. Debentures This is to make it easier for people to invest.
Quoted from the official website of the Ministry of Finance, kemenkeu.go.id, SBR012 can be ordered starting from IDR 1 million.
There are two types of notes, namely SBR012-T2 with a 2-year term and SBR012-T4 with a 4-year term. The government also applies floating coupons with minimum coupons.
This information is only floating around, meaning that the amount of the SBR coupon will be adjusted to changes in the BI 7 Day Reverse Repo Rate once every three months. As for the minimum coupon, the first coupon rate set will be the minimum coupon that is valid until maturity.
The offering period starts from 19 January 2023 to 9 February 2023. The maximum order for SBR012-T2 is IDR 5 billion. Then SBR012-T4 is a maximum of IDR 10 billion.
For coupon payments on the 10th of each month. The first coupon will be paid on March 10, 2023 or short coupon. If the coupon payment date is not on a business day, the coupon payment is made on the following business day without interest compensation.
Here’s how to buy the bonds
Registration
The registration process for Prospective Investors is through an Electronic System provided by a Distribution Partner (Midis), by inputting data including personal data, SID (Single Investor Identification) number, Fund Account number and Securities Account number. For Prospective Investors who do not have SID numbers, fund accounts, and/or securities accounts, they can contact Midis.
Booking
After successful registration, the Prospective Investor places an order for SBR012 by first reading the provisions in the Information Memorandum. Orders can only be made during the SBR012-T2 & SBR012-T4 offering period.
Payment
After the order is verified (verified order), the Prospective Investor will receive a payment code (billing code) via email/sms according to the policies of each Distribution Partner.
The payment code is used for depositing investment funds through Perception Banks (tellers, ATMs, internet banking, mobile banking)/Posts/Other Perception Institutions within the specified time limit.
Confirmation
After payment, the Prospective Investor will receive an NTPN (State Revenue Transaction Number) and a completed order notification and will receive an allocation of SBR012-T2 & SBR012-T4 on the settlement/issuance date.
(kil/hns)
