SBR 004 Interest Rate 8.05%


JAKARTA, – 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.

Sales Plan:

   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.
10. Coupon Rates
  • Coupon Rate for the first 3 months (September 19, 2018 to December 20, 2018) is 8.05%, derived from the reference interest rate that applies when the coupon is set at 5.50% plus fixed spread of 255 bps (2.55%).
  • The next Coupon Rate will be adjusted every 3 months.
  •  Coupon Rate Adjustment is based on the reference interest rate plus a fixed spread of 255 bps (2.55%).
  • The 8.05% coupon rate is valid as a minimum coupon rate (floor).
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