JAKARTA, presidentpost.id – The government set the interest rate of saving bond retail 004 series (SBR 004) at 8.05% per year. The bond sales are expected to exceed the SBR sales in 2016 which reached Rp3.91 trillion.
According to Fixed Income Division Head of PT Anugerah Sekuritas Indonesia, Ramdhan Ario Maruto, the relatively high coupon was expected to make the bonds sell well. “With good socialization, it should be able to exceed the previous sales. Of course it also can expand the investor base by involving more new retail investors,” he said on Wednesday (8/15).
The bestselling SBR so far is the 002 series at Rp3.91 trillion in May 2016. The next SBR 003 series were only sold at Rp1.92 trillion earlier this year.
|1.||Registration Period||Any time at predetermined Distribution Partners|
|2.||Offering Period||Opening : August 20, 2018 at 09.00 WIB
Closure: September 13, 2018 at 10:00 WIB
|3.||Form and Characteristics of Bonds||Scripless Government Bonds; Cannot be traded on the secondary market; Cannot be disbursed until due date, except for early redemption.|
|4.||Announcement of Sales Results||September 17, 2018|
|5.||Settlement Date||September 19, 2018|
|6.||Due Date||September 20, 2020|
|7.||Minimum Order||Rp1.000.000,00 (one million rupiah)|
|8.||Maximum Order||Rp3.000.000.000,00 (three million rupiah)|
|9.||Coupon Type||Floating with floor, with a reference interest rate is BI 7-Day Reverse Repo Rate.|
|11.||Coupon Payments||On the 20th of every month|
|12||First Time Coupon Payments||October 20, 2018|
|13.||Period for Early Redemption||Opening: October 7, 2019 at 09.00 WIB
Closing: October 15, 2019 at 15.00 WIB
|14.||Settlement Date of Early Redemption||October 21, 2019|
|15.||Maximum Value of Early Redemption||50% of every purchase that has been made at each Distribution Partner|