Thursday, 14 November 2019

Gov't Offers Islamic Savings Bonds ST004 for Individual Investors

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Editor:

Laila Afifa

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  • TEMPO.CO, Jakarta - The government is offering the ST004 series of Islamic Savings Bond (Sukuk Tabungan) online to individual investors with Indonesian citizenship. The offering period starts today until May 21, 2109. 

    Luky Alfirman, director general of financing and risk management, said the ST004 will attract investors and garner Rp2 trillion proceeds.  

    The ST004 has a two-year tenor with an annual coupon rate of at least 7.95 percent, with state assets and state projects in 2019 as underlying assets. The minimum booking is Rp1 million and the maximum is Rp3 billion.

    Sales date would be on May 24, and settlement on May 28. The sukuk will mature on May 19, 2021. 

    The general public can purchase the ST004 by accessing the Sukuk Tabungan website at www.kemenkeu.go.id/sukuktabungan or by contacting the 20 distributing partners.

    Muhammad Hendartyo