KONTAN.CO.ID - JAKARTA. Towards the end of the retail offering of State Sharia Securities (SBSN) series SR017 on September 14th, 2022, the public’s enthusiasm in investing on instruments that are 100% guaranteed by the state is very high. As of September 7th, 2022, sales of SR017 which was initially targeted by the government at Rp10 trillion have exceeded the Rp22 trillion figure. The national order quota has also increased up to Rp23 trillion. Bibit.id PR & Corporate Communication Lead, William, said that one of the attractions of the SR017 lies in the fixed rate yield (coupon) at 5.90% per year with a three-year tenor. This figure is considered quite high compared to the average interest rate for state-owned banks and the reference interest rate of Bank Indonesia, which is currently 3.75%. As a Distribution Partner for the Sale of Government Securities officially appointed by the Ministry of Finance of the Republic of Indonesia, Bibit is ready to assist the public in purchasing/ordering SR017. “Given the unstable economic conditions, investors see SR017 as an alternative stable passive income. In addition, SR017 also allows investors to sell it on the secondary market before maturity,” said William in press release, Friday (9/9).
SR017 Retail Sukuk Offer Ends Soon,Public’s Enthusiasm Remains Significantly High
KONTAN.CO.ID - JAKARTA. Towards the end of the retail offering of State Sharia Securities (SBSN) series SR017 on September 14th, 2022, the public’s enthusiasm in investing on instruments that are 100% guaranteed by the state is very high. As of September 7th, 2022, sales of SR017 which was initially targeted by the government at Rp10 trillion have exceeded the Rp22 trillion figure. The national order quota has also increased up to Rp23 trillion. Bibit.id PR & Corporate Communication Lead, William, said that one of the attractions of the SR017 lies in the fixed rate yield (coupon) at 5.90% per year with a three-year tenor. This figure is considered quite high compared to the average interest rate for state-owned banks and the reference interest rate of Bank Indonesia, which is currently 3.75%. As a Distribution Partner for the Sale of Government Securities officially appointed by the Ministry of Finance of the Republic of Indonesia, Bibit is ready to assist the public in purchasing/ordering SR017. “Given the unstable economic conditions, investors see SR017 as an alternative stable passive income. In addition, SR017 also allows investors to sell it on the secondary market before maturity,” said William in press release, Friday (9/9).