ORI018 will be offered from October 1 to 21, 2020.
Jakarta (ANTARA) - The Indonesian government is set to soon issue electronic retail state bonds series ORI018 (e-SBNI) at a coupon rate of 5.7 percent per year to the public.

"ORI018 will be offered from October 1 to October 21, 2020," Directorate General of Financing and Risk Management of the Finance Ministry noted in a press statement released on Wednesday.

The three-year bond series ORI018, to mature on October 15, 2023, can be bought with a minimum subscription of Rp1 million and a maximum subscription of Rp3 billion.

The public can subscribe the bonds online through 26 partner distributors appointed by the government, including 16 commercial banks, four stock companies, three special stock companies, and three financial technology companies (fintech) peer-to-peer (P2P) lending companies.

The 16 commercial banks comprise Bank Central Asia, Bank Negara Indonesia, Bank Permata, Bank Rakyat Indonesia, Bank Tabungan Negara, Maybank Indonesia, Bank CIMB Niaga, Bank Mandiri, Bank OCBC NISP, Bank Panin, Bank DBS Indonesia, Bank HSBC Indonesia, Bank UOB Indonesia, Bank Commonwealth, Bank Danamon Indonesia, and Bank Victoria International.

The stock companies are Trimegah Sekuritas Indonesia, Danareksa Sekuritas, Bahana Sekuritas, and Mandiri Sekuritas, while the special stock companies are.Bareksa Portal Investasi, Star Mercato Capitale (Tanamduit), and Nusantara Sejahtera Investama (Invisee).

The P2P lending companies are Investree Radhika Jaya (Investree), Mitrausaha Indonesia Grup (Modalku), and Lunaria Annua Teknologi (Koinworks).

Earlier, the government had also issued ORI017 at a coupon rate of 6.4 percent per year in June 2020 and absorbed Rp18.33 trillion from the bond issue that attracted the millennial generation.

In addition, it absorbed Rp25.67 trillion from the issuance of sharia-compliant retail bonds series SR013 that received a positive response from the public.

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Translator: Satyagraha/Suharto
Editor: Fardah Assegaf
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