BBTN - PT. Bank Tabungan Negara (Persero) Tbk

Rp 2.460

-10 (-0,40%)

JAKARTA. Today, the government officials begin issuing Retail Bond Savings (SBR) SBR007 with a coupon of 7.5%. The offer will last until Thursday (25/7) and is targeted to be able to obtain Rp 2 trillion.

However, a number of banks see the current trend in SBR sales tends to be stagnant. One of them was experienced by PT Bank Tabungan Negara Tbk. Therefore, Bank BTN did not set a high target for SBR007 sales.

Budi Satria, Consumer Director at BTN said that SBR sales tend to be stagnant for two reasons. First, liquidity is rather tight, so banks are competing to find funds to meet the liquidity. Second, because public interest in retail government bond products has declined somewhat.

"This can be seen when until, July 2019 only five retail bond products have been issued from the target of 10 products planned until the end of the year," Budi said as quoted by Kontan.co.id, Thursday (11/7).

For SBR007 issuance, Bank BTN only targets sales of Rp 50 billion. This is lower than the sales of the previous series, namely SBR006 of Rp. 52.3 billion and SBR005 of Rp. 96.7 billion. (AM/AR)