JAKARTA. The government will issue ORI108 Indonesian Retail Bond with a fixed rate on Thursday (1/10) this week.
According to Special Staffer to the Finance Minister Masyita Crystallin, individuals can purchase the bond starting from Rp 1 million to a maximum of Rp 3 billion. "For investment, the profile has to be considered in terms of investment deadlines and risks. [ORI018] has a fixed rate but the liquidity is high," said Ms Crystallin on Monday (28/9).
ORI018 will differ from other Indonesian Retail Bonds, because it will only have a month waiting time. Investors will be able to trade ORI018 in the secondary market a month after the offering period or December 2020.
The government, said Ms Crystallin, has not set a target for ORI018 offering because the target is not usually included in the initial offering. However, the government remains optimistic that ORI018 will sell well as did the previous retail bonds.
She added that the retail bond issuance will be in line with the government's effort to balance the pressure on state tax revenue, which has been dropping since the start of the coronavirus (COVID-19) pandemic, with a stimulus to revive the economy. (AM/MS)