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Attracting fresh investors, SR016 sales went over IDR 18.41 trillion

22 March 2022 09:49

JAKARTA. The Minister of Finance of Indonesia concluded the sales of retail sukuk of SR016 series, which had been offered from February 25 to March 17, 2022, generating a final amount of IDR 18.41 trillion.

Approximately 41.31% of SR016 buyers are reportedly generation Y or millennials, followed by its successor, generation Z investors of 1.31%. The amount of incoming orders from the generation Y investors clocked up to IDR 149.52 billion, whereas generation Z investors channelled IDR 255.16 million.

During the issuance of SR016, 45.52% of the investors were categorised as new investors. Their purchases made up 33.63% of SR016 total sales, amounting to IDR 6.19 trillion.

It is worth mentioning that SR016 is a type of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) equipped with the smallest coupon rate (4.95%) in all history of tradable SBSN issuance, as the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance explained in the official announcement. This financial instrument acts as the support to the government in order to strengthen the domestic financial market and extend the retail investor base.

“The proceeds of this SR016 issuance reflects the high interest of investors in SR016 even amidst the relatively shaky financial market. There is also the positive trend in yields in the domestic government security market,” DJPPR further claimed in the press release. (KR/ZH)

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