JAKARTA. The orders by retail investors until the end of the offering period for the SBR005 series Saving Bond Retail (SBR) instruments have reached Rp 4 trillion.
Based on data from investree.id, one of the SBR005 distribution partners, until Thursday (24/1) at 09.54 WIB, or six minutes before the closing of the offering period, investor orders for SBR005 reached Rp 4.01 trillion.
This achievement is lower than the government's target of Rp 5 trillion. There is still a quota of Rp1 trillion in orders not absorbed by retail investors.
The instrument offering period lasts for two weeks since it opened on Thursday (10/1).
This instrument was launched with a minimum coupon of 8.15% or 215 bps above the 7 Days (Reverse) Repo Rate BI (BI-7DRRR). This coupon is floating with floor, meaning that it will continue to increase as the BI-7DRRR increases with a fixed spread of 215 bps, but it will not decrease lower than 8.15% if the BI-7DRRR falls below 6%.
SBR005 has a tenor of two years and will mature on January 10, 2021. Instrument coupons will be paid monthly with a 15% tax deduction.
Order in this series is lower than the previous series, namely SBR004, which was published last year with an order value of Rp7.32 trillion. (AM/MS)