JAKARTA - The sales of SBR006 series of Saving Bond Retail (SBR) was lower compared to SBR005 sales in terms of sales value and number of investors.
The Director General of Funding and Risk Management (DJPPR) of the Ministry of Finance stated that the sales proceeds of SBR006 was amounted to Rp 2.26 trillion, surpassed the indicative target of Rp 2 trillion.
However, SBR005 sales at the beginning of the year reached Rp 4 trillion with a total of 16,966 investors. While SBR006 only managed to attract 9,530 investors.
Of all the SBR006 investors, 65.34% of them are new investors. Of the total new investors, 52.41% is millennial.
"Millennials are a potential target for us because this SBR instrument has the advantage of being safe, affordable and can be purchased online, so that it is in accordance with millennial characters, especially millennials who are just starting to learn to invest," said Director of Government Bonds of DJPPR, Loto Srinaita Ginting as quoted from Kontan (22/4).
Fikri C. Permana, an economist at Pefindo, assessed that the lower sale of SBR006 was caused by the behaviour of the people who prepared additional funds for Ramadan. (LM)