Kementerian Keuangan resmi meluncurkan Surat Berharga Negara (SBN) Ritel jenis Savings Bond Ritel (SBR) seri SBR013, pada Senin, 10 Juni 2024. Adapun kupon atau imbal hasil SBR013 ditetapkan sebesar 6,45 persen hingga 6,60 persen, dengan masa penawaran dari 10 Juni hingga 4 Juli 2024.
SBR013 ditawarkan dalam dua jangka waktu, yakni SBR013 tenor 2 tahun (SBR013T2) dan SBR013 tenor 4 tahun (SBR013T4).
Direktur Surat Utang Negara Kementerian Keuangan Deni Ridwan mengutarakan, pihaknya menargetkan mampu menghimpun dana Rp 15-20 triliun lewat penerbitan SBR013 ini.
SBR013 ditawarkan dalam dua jangka waktu, yakni SBR013 tenor 2 tahun (SBR013T2) dan SBR013 tenor 4 tahun (SBR013T4).
Direktur Surat Utang Negara Kementerian Keuangan Deni Ridwan mengutarakan, pihaknya menargetkan mampu menghimpun dana Rp 15-20 triliun lewat penerbitan SBR013 ini.
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TVTranscript
00:00 [Music]
00:07 The government has issued a letter to the country's saving bonds retail, or SBR,
00:13 SBR series 0113 or 13, which has two tenors,
00:17 with each coupon being 6.45% and 6.6%.
00:22 The Ministry of Finance targets that the sale of SBR 13 can reach 20 trillion rupiah.
00:29 [Music]
00:32 The Ministry of Finance on Monday, June 10, 2024,
00:36 has officially issued a letter to the country's savings bond retail, or SBR 0113.
00:43 The Director of the Ministry of Finance, Denny Ridwan, explained that
00:48 in the issuance of SBR 0113, the government has a target of initial sales of around 15 trillion rupiah.
00:55 However, if the public's enthusiasm is quite high in this issue,
00:59 he said that the sales target will be increased to 20 trillion rupiah.
01:05 SBR 0113 is offered in two tenors, namely SBR 0113 T2 and SBR 0113 T4.
01:14 There are also coupons for each tenor, namely 6.45% and 6.6% per year.
01:21 This adds to the public's interest in SBR continues to increase every year,
01:26 especially during the COVID-19 pandemic.
01:28 The Ministry of Finance also recorded the sale of SBR retail in 2023
01:34 as large as 107 trillion rupiah or exceeding 100 trillion rupiah for the first time.
01:40 Although there are risks from global economic shocks that may affect the performance of SBR,
01:46 the possibility of optimistic financial growth of Indonesia's economy can still be maintained above 5%.
01:53 [Voiceover: This has been IDX Channel]
01:57 [Voiceover: The next interesting topic is SBR 0113, a valuable choice, a common goal]
02:03 [We have been connected through Zoom with Mr. Chandra Ayesuwi Bowo]
02:07 [He is the Deputy Director of Development and In-Depth Market of Surat Utanegara]
02:11 [at the JPPR, Ministry of Finance of the Republic of Indonesia]
02:14 [Hello, good morning, Mr. Chandra]
02:16 [Good morning, Mr. Bras. How are you, Mr. Bras?]
02:19 [Good morning, thank you, Mr. Chandra, for the opportunity]
02:22 [Again, we are talking about an interesting investment instrument]
02:25 [and maybe you can tell us, Mr. Chandra,]
02:28 [what is the latest update on the condition of the SBR market in the country?]
02:34 [Thank you, Mr. Bras. Good morning, IDX Channel audience]
02:40 [If we talk about the domestic SBR market,]
02:45 [we must also look at the current economic conditions or fundamentals]
02:51 [as mentioned by the Minister of Finance]
02:55 [in our APBN release on 30 April 2024]
03:01 [The current condition of the SBR market is surplus]
03:04 [It means that the SBR market is still overpaying]
03:11 [Then, if we look at the data on inflation]
03:16 [it is still controlled at 5.11 percent]
03:21 [I'm sorry, it's 2.84 percent]
03:24 [Then, for economic growth, it's also 5.11 percent]
03:29 [And yesterday, our deficit was around 139 billion US dollars]
03:39 [It means that from the fundamental side of the domestic economy]
03:43 [our economy is quite solid]
03:46 [It's just that we can't ignore the impact of the global economic volatility]
03:54 [that you mentioned, Mr. Bras]
03:56 [How the geopolitical tension in the Middle East]
04:01 [has a little bit of an impact on the domestic SBR market]
04:06 [Same with the inflation in the United States]
04:10 [which makes the Fed still hold its FFR level at 5.5 percent]
04:18 [This also makes foreign investors]
04:23 [and investors who want to invest in Indonesia]
04:28 [or in general in the emerging markets]
04:32 [still have a weight and see attitude]
04:35 [It means that in the middle of the global economic volatility]
04:39 [the domestic economic condition is still quite solid]
04:43 [The government has been reviewing the SBN Retail since 2006]
04:48 [and has started to offer it online since 2018]
04:53 [How is the public's interest in SBN Retail so far?]
04:58 [If we look at the interest, based on the data of the SEI per April]
05:03 [the total SID or the public's SBN Investor]
05:14 [total is 1.070.000 SID]
05:19 [And for the SBN Retail investment]
05:24 [it's more than 500.000 outstanding investors]
05:29 [This means that there has been a significant increase]
05:33 [in the last few years]
05:35 [which shows the public's interest in investing in the SBN instrument]
05:42 [both retail and non-retail]
05:44 [is getting higher]
05:46 [In fact, in 2023]
05:49 [we also recorded the highest retail SBN sales]
05:54 [over the last few years]
05:59 [which is more than 240.000 investors]
06:04 [and even 115.000 of them are new investors]
06:09 [If we look at the composition of the investors]
06:12 [more than 51% are the millennial generation]
06:19 [and the Gen Z generation is around 4%]
06:23 [So, if we look at the composition of the investors]
06:27 [we are optimistic that in the future]
06:32 [the public's interest in investing in SBN Retail is quite high]
06:38 [especially if we look at the number of Indonesian citizens]
06:43 [which is more than 270 million]
06:46 [which means that the potential is still very big]
06:49 [So, the growth of the investment value]
06:52 [and the SBN Retail investors]
06:54 [is it in line with the government's expectation?]
06:58 [Of course, if we compare it to the demographic figure]
07:03 [of the total population]
07:05 [it is still a task for us]
07:08 [to introduce the SBN Retail instrument to the public]
07:13 [and if we look at the outstanding investors]
07:16 [if we look at the investors in the capital market]
07:19 [the number is already in the 15 million]
07:21 [while the SBN investors are still around 1 million]
07:25 [and this is a very big potential]
07:28 [and for that reason, we from the Ministry of Finance]
07:31 [work with our colleagues at Bank Indonesia, OJK, and LPS]
07:35 [to coordinate to continue to do education activities]
07:39 [in order to improve the literacy of the public]
07:42 [and also facilitate the access to financial services for the public]
07:46 [Alright, right?]
07:48 [Yes, please, sir, please continue]
07:51 [And for that reason, the SBN Retail instrument]
07:55 [is one of the options that we can give to the public]
08:02 [as an investment option]
08:05 [because the SBN, from the government's perspective]
08:08 [is a fiscal instrument to meet the SBN's deficit]
08:13 [but from the public's perspective, the SBN Retail is]
08:17 [an investment option that is safe, easy, and profitable]
08:21 [Yes, and we also know, Mr. Chandra, in 2024]
08:25 [the government will again offer the SBN Retail]
08:27 [started with the ORI25 at the beginning of the year]
08:30 [and now, what will be offered is the Saving Bond Retail instrument]
08:34 [SBR13 series]
08:35 [Maybe you can explain more about the structure of SBR13?]
08:40 [Alright, SBR13 is one of the types of SBN Retail]
08:47 [which is a conventional state debt letter]
08:50 [and also, it is non-tradable, Mr. Pras]
08:53 [So, SBR is a non-tradable SBN Retail instrument]
08:57 [or it cannot be traded]
09:00 [and from the tenor side, we offer two]
09:05 [or dual transistors, or offer two tenors at once]
09:09 [which is SBR13T2, which is a two-year tenor]
09:13 [and SBR13T4, which is a four-year tenor]
09:19 [If we look at the coupon, there is also a difference]
09:23 [for SBR13T2, the coupon is]
09:28 [6.45% per year]
09:33 [and this is floating with floor]
09:36 [while the SBR13T4 coupon is 6.6%]
09:45 [or if we, because this is floating with floor]
09:48 [and the reference is BI rate]
09:51 [it means that the T2 spread to BI rate is 20 basis points]
09:56 [while for the T4 spread to BI rate is 35 basis points]
10:03 [Okay, that's it, related to the structure]
10:06 [especially Saving Bond Retail 13]
10:09 [Now, what is the difference between the previous ORI 25?]
10:13 [We will discuss this in the next segment]
10:15 [Mr. Chandra, please hold on to the answer]
10:17 [and viewers, we will be back soon after the break]
10:20 [The next segment]
10:22 [Saving Bond Retail 13]
10:30 [Thank you for watching Market Review]
10:32 [and next, we will provide you with graphic information]
10:35 [related to Saving Bond Retail 13]
10:39 [You can see the complete data on the television screen]
10:42 [for the type of instrument]
10:43 [as mentioned earlier, there are two tenors]
10:45 [SBR13T2 and SBR13T4]
10:48 [Each of them is non-tradable]
10:50 [so, it cannot be traded]
10:52 [The tenors are 2 years for T2]
10:54 [and 4 years for T4]
10:55 [The coupons are floating with floor and monthly]
10:58 [It is the same between T2 and T4]
11:00 [Then, the minimum purchase is 1 million]
11:03 [for SBR13T2 and T4]
11:06 [Then, the maximum purchase]
11:08 [for the two-year tenors is 5 billion rupiah]
11:11 [Then, the maximum purchase for the four-year tenors]
11:14 [is 10 billion rupiah]
11:16 [Next, let's see the distribution partners]
11:19 [SBR13 has 18 banks]
11:22 [5 effect companies]
11:25 [and 4 fintech upper companies]
11:27 [These are the distribution partners]
11:29 [If you are a tenor, you can collect SBR13]
11:34 [as a part of your investment instrument]
11:38 [Let's continue]
11:39 [Chairman Chandra Kwi Bowo]
11:41 [Chairman of the Sub-Directorate of Development and Investment]
11:44 [of the State Department of State Bank of Indonesia]
11:46 [and the Ministry of Finance]
11:47 [Chairman Chandra, let's continue]
11:49 [The structure has been mentioned]
11:52 [about SBR13]
11:54 [How is it different from the ORI25?]
11:58 [that was just announced yesterday]
12:00 [Chairman Chandra Kwi Bowo]
12:01 [SBR and ORI are both retail]
12:05 [and the ITX Channel investors]
12:08 [What makes them different is]
12:10 [ORI is tradable]
12:13 [while SBR or Savings Bond Retail]
12:16 [is non-tradable]
12:21 [These two characteristics]
12:23 [have different risks]
12:27 [If ORI is tradable]
12:32 [it means that the investor has market risk]
12:38 [It means that the risk of selling value]
12:43 [when ORI is traded]
12:47 [not when it falls]
12:48 [can increase or decrease]
12:50 [depending on the effective interest rate]
12:52 [or yield in the market]
12:56 [While SBR is non-tradable]
13:00 [there is a risk of liquidity for the investor]
13:04 [Why?]
13:05 [Because the cash or money from the investor]
13:10 [can only last for 2 or 4 years]
13:13 [because it has to wait for the time to fall]
13:15 [As a pre-emptive measure]
13:18 [Mr. Pras and the auditors]
13:20 [the SBR instrument is also equipped]
13:23 [with the early redemption feature]
13:26 [It means that one year after the purchase]
13:30 [or half of the tenor period]
13:32 [the investor is given the opportunity]
13:35 [to do early redemption]
13:37 [at most 50% of the SBR that has been purchased]
13:42 [For SBR 13 T2]
13:46 [the window for early redemption]
13:49 [will be opened around the end of July 2025]
13:55 [until the beginning of August 2025]
13:58 [So there are around 2 weeks]
14:02 [for SBR 13 T2]
14:06 [While for T4]
14:08 [the window for early redemption]
14:11 [will be opened around the end of July 2026]
14:14 [until the beginning of August 2026]
14:18 [The window is also around 2 weeks]
14:21 [We also know that]
14:24 [several times the news]
14:26 [is about the dual transistors]
14:29 [Can you explain what is the basis]
14:32 [of the dual tenors?]
14:35 [What is the difference between SBR T2]
14:38 [and SBR 13 T4?]
14:41 [For the SBN Retail offer]
14:47 [in the dual transistors]
14:49 [we have been doing it since 2023]
14:53 [And the results are amazing]
14:55 [It can be seen from the SBN Retail sales]
15:00 [in 2023]
15:02 [which is more than Rp147 trillion]
15:05 [The basis of this is]
15:08 [we want to provide the first diversification]
15:11 [from the government's point of view]
15:12 [which is product diversification]
15:14 [It means that]
15:16 [we cannot close our eyes]
15:20 [to the investors' desire]
15:22 [to invest their funds]
15:25 [in SBN Retail's tenors]
15:27 [which are longer]
15:29 [Because based on the survey]
15:31 [and the research we did]
15:33 [with our distribution partners]
15:35 [the demand for SBN Retail]
15:38 [which has a long tenor]
15:41 [is quite high]
15:42 [So we accommodate it]
15:45 [The second thing is]
15:47 [from the investor's perspective]
15:49 [we provide the instrument of investment]
15:54 [which is adjusted to their goal and risk profile]
15:59 [So there are some investors]
16:01 [who want to invest in SBN Retail]
16:05 [for the preparation of my child's college]
16:08 [who is going to college in 4 years]
16:11 [This is more than the money spent]
16:14 [It can be invested in a longer tenor]
16:18 [So how about the level of the coupons]
16:21 [that are offered to the investors?]
16:23 [Are they attractive?]
16:25 [Well, for SBR 13]
16:29 [it's quite good]
16:32 [From the tenor's perspective]
16:34 [the SBR 13 T2]
16:37 [has a coupon of 6.45% per year]
16:42 [or the spread is]
16:45 [20 basis points compared to BIRAT]
16:49 [While the T4]
16:51 [has a coupon of 6.6% per year]
16:54 [compared to BIRAT which is 6.6%]
16:59 [Well, with the current situation]
17:04 [BIRAT has reached its highest level]
17:09 [Which means]
17:11 [And this is the floor]
17:13 [6.45% and 6.6% are the floor]
17:16 [Which means if]
17:18 [the BIRAT still goes up]
17:22 [The level of SBR 13's coupon]
17:26 [will automatically go up as well]
17:29 [But if the BIRAT goes down]
17:33 [The SBR 13's coupon will not go down]
17:37 [Because 6.45% and 6.6%]
17:41 [are the floor]
17:43 [So, we tell the people]
17:48 [that this is a very profitable option]
17:51 [Because the instrument that can go up]
17:53 [But cannot go down]
17:55 [So, what is the target of the SBR 13's distribution?]
18:01 [In the beginning, we targeted 15-20 trillion]
18:05 [For the sale of SBR 13]
18:08 [And today, this is the third day of the offer]
18:11 [The realization is that this morning at 9 o'clock]
18:13 [It's already 3 trillion]
18:15 [It's already 3 trillion?]
18:16 [It's already 3 trillion]
18:17 [Even though the offer period is only 3 days]
18:20 [And it will be closed on July 4th]
18:23 [Which means it's still very long]
18:25 [And now it's already 3 trillion]
18:27 [Wow, so this means that the interest is quite high]
18:30 [From the investor himself]
18:31 [It's true]
18:32 [Okay, so what is the mechanism of the purchase?]
18:34 [Me, the people, or the viewers of Xenar]
18:36 [If you want to collect SBR 13]
18:39 [Be it T2 or T4, how do you do it?]
18:42 [Okay, for the purchase method]
18:45 [The first thing from the community as an investor]
18:50 [The first thing is registration, sir]
18:53 [Because to become an investor]
18:56 [We need to register and have SID]
18:59 [Or Single Investor Identification]
19:02 [And this, the people can do registration]
19:10 [In our MIDIS]
19:12 [In our MIDIS, the conditions are simple]
19:15 [We only need the KTP]
19:17 [Because what will be checked is the NIK]
19:20 [And have the account of funds and the SBR]
19:24 [Now, if the people already have SID]
19:29 [What they need to do is to make an order]
19:32 [Now, the order]
19:34 [We have developed or used]
19:38 [ESBN as a platform for selling SBN retail]
19:43 [And this is already connected with the e-banking application]
19:48 [All of our distribution partners]
19:50 [So the people only need to open their phone]
19:54 [To make an order for SBR 13]
19:59 [Now, after registration, then make an order]
20:03 [There will be verification and receive a billing code]
20:06 [Then, pay for it]
20:09 [Now, this payment will not go to the MIDIS account]
20:13 [Or not to the personal account of the direct laksun]
20:17 [But directly to the state's cash account]
20:19 [There is a NTPN, the state's receipt transaction number]
20:24 [Now, once you have NTPN]
20:28 [There will be a notification and a confirmation from the system]
20:32 [That says the purchase of SBR 13 has been successfully carried out]
20:38 [And as information, maybe, Mr. Pas]
20:40 [To the people who have never bought SBN retail]
20:44 [SBN retail is scriptless or without power cut]
20:47 [It means that when people buy]
20:49 [There is no certificate or book or anything]
20:54 [As a purchase sign]
20:56 [Everything is recorded in the system]
20:58 [Because we are also helped by the KSEI, the custodian]
21:04 [And also Bank Indonesia]
21:06 [And we guarantee that the transaction data]
21:10 [The data of the investors is recorded well]
21:13 [Okay, that's it. It has been said earlier]
21:15 [There are 18 banks, 5 FX companies and 4 fintech apart companies]
21:18 [As the distribution partners of SBR 13, T2 and T4]
21:22 [And lastly, the plan for the continuation of SBN retail]
21:25 [In the next semester, at least until the end of the year, how is it?]
21:29 [Okay, in 2024, there are 8 SBN retail instruments]
21:34 [Mr. Pas, which will be offered by the government]
21:37 [We have implemented ORI25]
21:39 [Then, Sukuk Retail SR20]
21:43 [Then, ST12 and SWR5]
21:48 [And now, what is being offered by the government is SBR13]
21:53 [The plan that is already in our pipeline is]
21:57 [SR21, then ST13 and also ORI26]
22:03 [Until the end of 2024]
22:06 [Okay, that means there are more investment options]
22:09 [Even in the last 3 days, the opening of investment has reached 3 trillion]
22:14 [So, for the audience, don't hesitate]
22:16 [Today, you can become an investor of SBR 13]
22:21 [Whether you are a 2-year or 4-year tenor, right, Mr. Candre?]
22:24 [That's right. The quota is limited, Mr. Pras]
22:26 [So, whoever gets it first will get it]
22:28 [Okay, whoever gets it first will get it]
22:30 [Okay, Mr. Candre, thank you very much for the sharing]
22:32 [That you have shared, similar to SBR 13]
22:34 [A 2-year or 4-year tenor, successful in the acquisition of SBR 13]
22:41 [With the indicative target that is expected from the government itself]
22:44 [Congratulations on your activity again. Best wishes, Mr. Candre]
22:48 [Thank you, Mr. Pras]
22:50 [Yes, viewers, one hour has passed]
22:53 [I accompanied you in the market reveal]
22:55 [I am Prasetyo Ibowo, as well as the working staff]
22:58 [So, thank you. See you again]
23:01 [The next day]
23:04 [The next day]
23:07 [The next day]
23:09 [The next day]
23:28 [The next day]
23:30 [The next day]
23:56 [The next day]
23:58 [The next day]
24:25 [The next day]
24:27 [The next day]
24:36 [BLANK_AUDIO]