JAKARTA - Once again, Modalku is trusted to be one of the partners in the distribution of state debt securities by the Indonesian Ministry of Finance. This time, Modalku was chosen to offer Retail Government Bonds (ORI) series ORI016.
ORI016 is the first ORI offering in which the Indonesian government trusts an online financial technology platform (FinTech) to become a Distribution partner. The proceeds from the sale of ORI016 will be used by the government to finance programs that increase Indonesia's human capital (HR).
The ORI016 offer period lasts until October 24, 2019 (09:00 WIB). The bonds will mature on October 15, 2022 with a fixed coupon of 6.80% per annum, payable on the 15th of every month.
Reynold Wijaya, Co-Founder & CEO of Modalku, said, "We are very enthusiastic to be able to support the activities of the Ministry of Finance, this time through the sale of ORI016 series retail government bonds. Modalku's company slogan is "Together Promoting Indonesia's Economy". Activities such as the sale of ORI are evidence of our commitment as financial technology players to sustain Indonesia's economic development. The lagging of HR has a big impact on the country's development. Quality workforce will produce fresh innovations and be a strong economic foundation."
The price of ORI016 is also affordable, with a range of Rp 1 million to Rp 3 billion. In addition, Modalku provides cashback of up to 10% (maximum Rp 100,000) for the first 100 people who purchase ORI016 on Modalku. (LM)