Kementerian Keuangan kembali menawarkan instrumen investasi berupa Surat Berharga Negara (SBN) Ritel kepada masyarakat investor di Tanah Air, yaitu Obligasi Negara Ritel atau ORI027 yang ditawarkan dalam dua seri dengan tenor berbeda. 0RI027-T3 memiliki tenor atau masa jatuh tempo selama 3 tahun, tepatnya 15 Februari 2028. Sedangkan ORI027-T6 memiliki tenor 6 tahun hingga 15 Februari 2031.
Tingkat kupon yang diberikan kepada investor cukup kompetitif yaitu 6,65% per tahun untuk ORI027-T3 dan 6,75% per tahun untuk ORI027-T6. Adapun jenis kupon keduanya memiliki tingkat bunga tetap atau fixed rate. Masa penawaran ORI027 berlangsung mulai tanggal 27 Januari hingga 20 Februari 2025.
Kemudian, minimal pemesanan untuk kedua seri tersebut sebesar Rp1 juta. Sedangkan maksimal pemesanan untuk ORI027-T3 sebesar Rp5 miliar dan ORI027-T6 Rp10 miliar. Dan bagi investor yang berminat untuk berinvestasi di ORI027 dapat melakukan pemesanan melalui Mitra Distribusi yang telah ditetap yaitu 17 bank Pemerintah dan Swasta, 5 perusahaan efek, dan 4 perusahaan Fintech APERD.
Tingkat kupon yang diberikan kepada investor cukup kompetitif yaitu 6,65% per tahun untuk ORI027-T3 dan 6,75% per tahun untuk ORI027-T6. Adapun jenis kupon keduanya memiliki tingkat bunga tetap atau fixed rate. Masa penawaran ORI027 berlangsung mulai tanggal 27 Januari hingga 20 Februari 2025.
Kemudian, minimal pemesanan untuk kedua seri tersebut sebesar Rp1 juta. Sedangkan maksimal pemesanan untuk ORI027-T3 sebesar Rp5 miliar dan ORI027-T6 Rp10 miliar. Dan bagi investor yang berminat untuk berinvestasi di ORI027 dapat melakukan pemesanan melalui Mitra Distribusi yang telah ditetap yaitu 17 bank Pemerintah dan Swasta, 5 perusahaan efek, dan 4 perusahaan Fintech APERD.
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TVTranscript
00:00In the next episode
00:21Hello viewers, how are you today?
00:23Live from IDX Channel Jakarta, I am Prasetyo Wibo
00:26Welcome back to Market Review, a program that discusses economic issues in Indonesia
00:31You can watch our live streaming at idxchannel.com
00:35Let's start the Market Review
00:39TENOR 6 YEARS
00:47The government has again offered the investment instrument of SBN Retail to investors
00:52This is the obligation of the retail country or Ori027
00:56Ori027 is offered in two series, Ori027-T3 with tenor 3 years
01:02And also Ori027-T6 with tenor 6 years
01:08TENOR 7 YEARS
01:10The Ministry of Finance has again offered the investment instrument in the form of a state-appreciated letter or SBN Retail to investors in the water
01:19That is the obligation of the retail country or Ori027 which is offered in two series with different tenors
01:26Ori027-T3 has a tenor for 3 years, on February 15, 2028
01:34While Ori027-T6 has a tenor for 6 years, until February 15, 2031
01:42The coupon rate given to investors is quite competitive, which is 6.65% per year for Ori027-T3
01:50And 6.75% per year for Ori027-T6
01:54There are also two types of coupons with a fixed rate
01:59The offer period of Ori027 starts from January 27 to February 20, 2025
02:06Then the minimum order for the two series is 1 million rupiah
02:11While the maximum order for Ori027-T3 is 5 billion rupiah
02:16And Ori027-T6 is 10 billion rupiah
02:20And for investors who are interested in investing in Ori027
02:23Can make an order through the established distribution partners
02:28That is 17 government and private banks, 5 FX companies, and 4 FinTech Apparent companies
02:34Jakarta, coverage team, IDX Channel
02:40To discuss our topic this time, Ori027 is a valuable choice for the superior generation
02:45We have connected through Zoom with Mr. Senggi Gunarsa
02:49He is the Head of the Sub-Directorate for Financial Analysis and the National Debt Letter Market
02:54DG of the Ministry of Finance of the Republic of Indonesia
02:57Hello, Mr. Senggi, how are you?
03:00I'm fine, thank you, Mr. Suras
03:02Thank you for your time
03:04It's interesting if we talk about Ori027
03:07This is the first one released in 2025
03:10Yes, in 2025
03:12Before discussing further, maybe we can update first
03:15How is the current condition of the National Debt Letter Market or SBN in 2025?
03:22Yes, the National Debt Letter Market is always integrated with the domestic and global financial markets
03:30And we see that now is February
03:33And we have experienced some very interesting things
03:36Mr. Suras and viewers
03:38Especially from the global side
03:40We can see it from the US President Trump's speech
03:44He said that the Trump administration is 2.0
03:51And we see various policies that surprised the market
03:57Like yesterday, there was a tariff extension that was finally postponed
04:02And this somewhat creates a little quality in the global and domestic markets
04:09We also experienced this together at the beginning of the year
04:13For the expansion of the Sun
04:15The administration regularly expanded the Sun in the mining market through the mine
04:21We see this at the beginning, it's a bit sluggish
04:25Because of the incoming bids
04:28However, in the last mine enforcement that we just did
04:31The demand or animal investor is very high
04:38With an incoming bid of Rp77 trillion from the initial target of Rp26 trillion
04:46And we end up being able to upsize a little to Rp28 trillion
04:51So overall, the market has started to digest
04:55How these global policies affect the movement of the Sun price
05:03And other instrument prices
05:06And apparently, due to the liquidity that is still held by investors
05:12This community is still quite high at the beginning of the year
05:14So the optimism factor or positive catalyst for the future is still quite strong
05:21Because Indonesia's fundamental economy is actually quite good
05:25Inflation tends to be controlled like that
05:29And the liquidity is still quite abundant
05:32And we have to be motivated to keep going in the year 2025
05:37Which has just been held until February
05:40Okay, and related to the SBN Retail competition itself
05:43How are the achievements that have been done or achieved by the Ministry of Finance
05:48As a source related to the SBN competition in 2024?
05:53Yes, related to the achievement of SBN Retail is very interesting
05:57In 2024, the achievement was quite significant
06:00With the number of investments reaching 8 times
06:05We see that the nominal realization of the investors and investors
06:10Reached Rp148 trillion
06:14And the investors reached 250,000
06:18Now in terms of demographics, we can see that
06:22Of the 250,000 investors, 50% are millennials
06:27While GNZ reached 5% of the total investors
06:30This is quite a good development
06:33While the younger generation has started to access the financial market
06:37Especially the 6% users from the government
06:40We also see that there are quite significant new investors
06:45Reaching more than 100,000 investors
06:49Or 40% of SBN Retail investors in 2024 are new investors
06:55So this is a very supportive factor
07:00We are also trying to make SBN Retail as a potential instrument
07:05So the coupons paid by the government are enjoyed in the country
07:11By the general public or individuals
07:14Not only financial institutions such as banks, pension funds, or insurance
07:21Individuals can also enjoy the coupons given by the government through SBN Retail
07:27Wow, that's amazing
07:28When we see the response from the market players or investors
07:33Related to SBN Retail
07:35It means that in terms of investment growth, the number of investors is already adequate
07:41According to the government's expectation?
07:43According to the government's expectation, there is still a lot of room for improvement
07:48Because the main focus is education
07:54Mr.Pras and the government
07:57The education must continue to be improved
08:00Because if these individuals have more funds
08:07Of course, there are not only savings instruments
08:10But there are other instruments that produce and protect from inflation factors
08:15So education is very important
08:17And we are also trying to make it easier to invest
08:22So that we are not satisfied to reach these investors
08:26But we still have to increase the participation of these investors
08:30We also want a market experience like developed countries
08:34So that the citizens have more knowledge to invest
08:39And of course, we encourage this with incentives and benefits
08:45With interesting SBN coupons
08:47And we also try to collaborate to create a more aware society
08:55Towards investment products
08:57Such as government institutions, authorities such as BI, OJK, and LPS
09:03And also financial influencers
09:07This is also a good cooperation that we have to improve in the future
09:12So that the wider community through social media also understands more
09:16Related to SBN Retail
09:19Yes, and education, education, and education continues to improve the literacy of our community
09:25Related to investment instruments in Indonesia, including SBN Retail
09:29And this year, as we have said at the beginning, SBN Retail ORI 027 has been terminated
09:35We will discuss this in the next segment
09:38And viewers, we will be right back after the break
09:56Thank you for joining us in Market Review
10:00In the next segment, we will present the structure of ORI 027
10:04You can see the complete data on your TV screen
10:07This is it, the presenter is the Indonesian government
10:10The series is ORI 027-T3 and ORI 027-T6
10:15The offer period is from January 27 to February 20, 2025
10:20There is also a tempo for ORI 027-T3 on February 15, 2028
10:26T6 on February 15, 2031
10:29Meanwhile, the nominal value per unit is 1 million rupiah
10:32Minimum order is 1 million rupiah
10:36And next we see, the shape itself is without war cut and can be traded
10:42Then the date of establishment is February 24
10:46The maximum order for ORI 027-T3 is 5 million rupiah
10:51And for ORI 027-T6 is 10 million rupiah
10:54The distribution partners are Bang Umum, Efek and Efek Khusus
10:59And next, we see from the type of coupon
11:02The fixed rate of the coupon is 6.65% per year for ORI 027-T3
11:13While the fixed rate of the coupon is 6.75% per year for ORI 027-T3
11:18The payment date of the coupon is every 15th of each month
11:22Next, we see there is also a minimum holding period
11:26Once the payment of the coupon where the ownership of ORI 027 can be transferred
11:31Starting April 16, 2025
11:34There is a final PPH tax of 10%
11:37Then the first coupon date is April 15, 2025
11:42Let's continue our discussion with Mr. Senggih Gunarsab
11:45He is the head of the sub-directorate of financial analysis and market of national debt
11:52Mr. Senggih, with some information that has been conveyed
11:55Related to how the structure of ORI 027
11:59What can we give like that
12:01Is there anything different compared to the previous ORI or how?
12:06There is nothing
12:08The ORI is the same as the previous ORI
12:11The feature is that it is tradable
12:14So if you need liquidity, you need money
12:19Before the time is up, it can be sold
12:21Of course, you have to look at the condition first
12:24And the level of the relationship is still the same
12:27So it has been stated on the slide
12:29That 6.65% for 3 years and 6.75% for 6 years
12:35And this is still as big as TNL
12:39And paid monthly
12:41This is the characteristic of the ORI
12:43And don't forget the tax is only 10%
12:46Compared to your father
12:48Investors who have deposits
12:50The tax can be 20%
12:52If you want to buy ORI
12:55The coupon is only 10% tax
12:59At that time, there is no deduction
13:01Everything is complete
13:04The investors are very safe
13:07And this is what we offer
13:09It's not different from the previous ORI
13:11Okay
13:12When it comes to the coupon offered
13:146.65% for 3 years and 6.75% for 6 years
13:19Is it attractive enough now?
13:22Because we know that Indonesian banks are also in a downward position
13:27That's right
13:30Usually, retail investors are very familiar with deposit instruments
13:37Because the deposit is still low
13:39And if we compare it to the monthly ORI coupon
13:43The difference is far
13:45Deposit is on average 3-4%
13:47Maybe there is a big one
13:49Maybe the institution and the bank are also different
13:52Not the triple A
13:54And like that
13:56For the ORI, it's still quite
13:59Although there are many candidates
14:01But the ORI tenor is long
14:03At least 3 years
14:04But on average, friends who make deposits always roll over
14:09In the end, the ends are also long
14:11And related to the level of correlation
14:14As Mr. Plas said
14:16Actually, the spread with BIRET is quite good
14:20Because now it's quite wide
14:22Between 90 to 100 basis points
14:24Moreover, we also see that Indonesian banks have lowered their correlation rate
14:28Around 25 basis points
14:30To 5.75
14:31And it seems that the interesting thing is
14:33Mr. Governor himself has said
14:35Lowering further in the future is an open opportunity
14:38Looking at the data conditions
14:40Indonesia's future economic
14:42There is an open opportunity for a decline
14:46What does it mean?
14:47With the meaning of a decline later
14:49By Indonesian banks
14:50Of course, the trend will be lower
14:53To boost the economy
14:55Meanwhile, for the ORI itself
14:57The correlation is still at that level
14:58As long as the tenor is ahead
15:00So if you, the investors
15:03Want to lock
15:05Number 6.65 and 6.75
15:09For the return
15:10For the next 36 years
15:12This is the right time
15:14Especially in the midst of market uncertainty
15:16At this time, there are a lot of news
15:18Sometimes President Trump
15:21His speech can move the market one day
15:25And this is full of uncertainty
15:28For this ORI, we guarantee
15:30All of you, the investors
15:32From the coupon
15:34From what is it called
15:36We will guarantee the outstanding
15:39Through the law
15:40So when the time falls
15:41Will be full again
15:43And the coupon is always allocated
15:46In the budget, in APBN every year
15:48For the payment of the SPN Retail
15:51That's it
15:52Becomes one of the important things
15:54When it is not only attractive
15:56From the coupon
15:57But also more sexy
15:58If there is a chance
15:59The decline of the Central Bank of Indonesia
16:02Then if we talk about the advantages
16:04ORI 027
16:06If we compare it
16:08With an investment instrument
16:10What is it?
16:11What can be another attraction?
16:13For the investors
16:14Obviously, it must be safe
16:16Because it is guaranteed by the law
16:18And benefits
16:19I have already mentioned
16:20The coupon level is very interesting
16:22Easy to access too
16:23Online now
16:24Through the application of the MIDIS
16:26This is already sophisticated, Mr. Prasya
16:28I see they already have a super app
16:31To be able to order all instruments
16:33Not just saving
16:34The bank can also invest
16:38And this is affordable
16:39So only 1 million rupiah
16:41For the minimum purchase
16:43So even for students
16:45Who can start saving
16:461 million is possible
16:48I have KTP
16:49It can be used to order this ORI
16:52And of course
16:53This is a participation
16:55Your partners
16:56These retail investors
16:58In the development of Indonesia
17:00In the future
17:01Because as a developing country
17:02We will always continue
17:06Do development
17:07Both from the infrastructure side
17:09Education
17:10Health and others
17:12So this is our participation
17:14As a good citizen
17:16In addition to receiving benefits
17:18From the instruments we invest
17:22But we also help our country
17:24In terms of development
17:26Like that, sir
17:27Okay
17:28It was interesting
17:29If we try to underline
17:30Related to education
17:31So it's not just the advantages
17:33What is conveyed
17:34Of course there is a risk too
17:36Which needs to be considered
17:37And respected
17:38For investors
17:39Or shareholders
17:41Before investing in ORI 027
17:44What needs to be considered
17:46Then the mitigation steps
17:48Is it also part of
17:50What we need to convey
17:52So every instrument
17:53There is always a risk
17:54For investment
17:55There is always a risk
17:57We just need to assess
17:58Which is the least risk
18:00Like that
18:01If the risk of investment instruments
18:03Like default risk
18:04Or risk of failure to pay
18:05There is always
18:07We can oblige
18:08For example, a corporation
18:09It turns out that the corporation is bankrupt
18:10Or failed
18:11This is a mess
18:12We buy a stock
18:14It turns out that the price will drop
18:16The company is also bankrupt
18:17That's also a mess
18:19But for ORI
18:20There is a risk of failure to pay
18:22Now we have been guaranteed
18:25In the law
18:26What is it called
18:27SBN law
18:29PBU as well
18:30So really
18:31Allocation for payment of coupons
18:33And the main thing is
18:35Always allocated every year
18:37So that the government never misses
18:39The second
18:40There is a market risk
18:42For example, when the price goes down
18:45It's a loss
18:46If sold
18:47Yes, it's definitely a loss
18:48But for ORI buyers
18:49Of course
18:50Just hold it
18:51Because
18:52Every price goes down
18:53Whether the price goes up
18:55Whether the price goes down
18:56However much
18:57That
18:58Investors can still enjoy the coupon
19:01Regularly every month
19:03So really
19:04If you want
19:06What is it called
19:07Enjoy
19:08Yes, it can hold until maturity
19:10Because the coupon is every month
19:12Once we transfer it to each investor
19:16Different from
19:17The regular one is every six months
19:20But for ORI
19:21Designed specifically
19:22To be transferred every month
19:24There is a risk of liquidity
19:25When you want to sell this
19:27It's hard to sell
19:29This is also
19:30What is it called
19:31Task from
19:32Our distribution partners
19:35Who have to help
19:37Investors
19:38If they want to sell
19:39Of course with
19:40The sales process
19:42Then
19:43Transparency also
19:44With the selling price
19:46This is what we have to push
19:48The midis
19:49So these retail investors
19:51Don't feel in a losing position
19:54If you want to
19:56Do
19:57Sales like that
19:59That's it
20:00Related to the risk factor
20:01Which is actually minimal
20:02If we invest in retail SBN
20:04Like ORI 027
20:05It can be an interesting option
20:07To immediately
20:08Invest in ORI 027
20:09Then how big is the target
20:11Indicative of ORI 027 investment
20:13We will discuss in the next segment
20:15We will be back in a moment
20:16And investors
20:17Make sure you are still with us
20:35Thank you for joining us
20:38In Market Review
20:39We will continue to discuss
20:41Related to the ORI 027 investment
20:43Talking about
20:44Various risks
20:46That have been mentioned
20:47How we invest in ORI 027 this time
20:51Then
20:52We talk about the indicative target
20:54How much is it for ORI 027 this time?
20:57For ORI 027-T3
21:00And ORI 027-T6
21:02In a mixed way
21:03The target is around 25 trillion rupiah
21:06For both of you
21:08And this is an internal target
21:10Of course, we will open the opportunity
21:12If there is
21:14A higher order
21:16Of course, we will consider
21:18The important thing
21:19Both of you
21:20Or retail SBN investors
21:22Immediately make an order
21:24Because of course
21:25We are first in, first serve
21:27If there is
21:30Excessive order
21:32In the end, of course, we will refer
21:34To the leaders
21:36To open the opportunity again
21:38Because indeed
21:39This retail SBN
21:41Or ORI is
21:42One of the very important instruments
21:44Which we also want
21:45Increase again
21:47The outstanding like that
21:49The participation of the community
21:51So that it can be more enjoyable
21:53So
21:54Immediately
21:55If you want to order
21:56With an internal target
21:58We will open
22:00As big as 25 trillion rupiah
22:02Okay, that's it
22:03Indicative target
22:04From ORI 027
22:06Talk about
22:07If you were
22:08How did the investors
22:10Hurry to buy ORI 027
22:12So
22:13What is the mechanism
22:15What are the conditions
22:16Which if I want to buy
22:18Which must be fulfilled
22:20The mechanism is very easy
22:22Actually
22:23And this will be helped by all friends
22:24Distribution partners
22:25Especially now
22:26They already have super apps
22:28In each
22:29Distribution partners
22:31We see
22:32The process is actually
22:33There are only four
22:34The first
22:35The first is
22:36Of course registration
22:38So if for example
22:39What is the name of the new investor
22:41Must do registration first
22:43Get SID
22:44Single Investor Identification
22:47Later, open an account
22:48Price check
22:49And fund account
22:50Yes, so the account
22:51The price check account
22:52The account that
22:53Save the ORI
22:54Like that
22:55The fund will receive
22:57Inflow from the coupon
22:59Like that
23:00After the registration is complete
23:01And this is usually fast
23:03My family has tried
23:05For those who don't have SID
23:07Less than one day
23:08Already accepted
23:09Now what else
23:10Now it's smoother again
23:12Between data exchanges
23:13Between systems
23:14This will be faster
23:15The second is ordering
23:17Then ordering
23:18What is the order
23:20What is the nominal
23:21What is the instrument
23:22What is the instrument
23:23Well, we have to be careful
23:24Want to choose three years
23:25Or six years
23:26Then there will be verification
23:27And given a billing code
23:29This is the ordering process
23:31After that, we just
23:32Payment process
23:34With the payment later
23:37There will be a process
23:38NTPN acceptance
23:39National transaction number
23:41And
23:42Completed order notification
23:45We just have to pay
23:46So
23:47This is also
23:48The process is faster
23:49Later, the confirmation proof
23:51Will be sent
23:52For
23:53When we finish this transaction
23:55So
23:56Only four
23:57The entire process
23:58From registration
23:59Ordering
24:00Payment
24:01And later there will be a confirmation
24:03Yes
24:04So it's very easy
24:06And already supported
24:08With
24:09Software and IT
24:10Very sophisticated
24:12So it's very easy for investors
24:14To buy SPN Retail
24:16Yes
24:17That's it
24:18Purchasing very easily
24:19With very easy requirements
24:20The stages are only four
24:22Only four stages
24:23As needed
24:24By the investors
24:26From Ori27
24:28If we talk about
24:29SPN Retail investment instruments
24:31Other than Ori027
24:33Is there any more?
24:35Or what else will be reported
24:36If we talk about SPN Retail
24:38So for 2025
24:40The government offers
24:41Eight
24:43Eight pipelines
24:44For one year
24:45So
24:46For example
24:47Someone prefers
24:48I prefer the Sukuk instrument
24:50Sukuk instrument, sir
24:51Sure
24:52Later in quarter two
24:53After Ori27
24:55There will be
24:57ST014 and SR
24:59Savings and Retail Sukuk
25:01Okay
25:02022
25:03Later in quarter three
25:04In 2025
25:06There is also SBR
25:07Seven Bonds Retail
25:08Conventional
25:09Also followed by
25:11Sukuk Wakaf and Sukuk Retail
25:13023
25:15In quarter four
25:16Later we will launch
25:17Retail instruments again
25:18Like Ori028
25:20And ST015
25:21So for now
25:23In 2025
25:24We plan
25:25For SPN Retail pipeline
25:27There are eight instruments
25:29Three from conventional
25:31And later there will be five from
25:33Shariah
25:35Base or Sukuk
25:36Like that, sir
25:37Okay, that means there will be many more investment instruments
25:39That can be studied
25:40After we invest in Ori027
25:43We can spread again
25:45Not only in one
25:47Crankjam
25:48That means we have many other investment options
25:50Like that in SPN Retail
25:52Throughout the year 2025
25:54Mr. Singgi, thank you very much for the information
25:56Updates that have been delivered
25:58Success, sir
25:59For the development of Ori027
26:01In the future
26:02Congratulations on continuing your activities again
26:04Good health
26:05See you again
26:06Good health
26:07Thank you, Mr. Pras and the IDX Channel team
26:08Thank you very much
26:09Yes, viewers, don't leave your seat
26:11Because one more time we will return
26:13With other interesting themes
26:15Related to urgency
26:16The revitalization of LPG gas industry
26:18Three kilograms
26:19We'll be right back