TEMPO.CO, Jakarta - The Finance Ministry issues another savings retail bond (SBR) series. The SBR008 is marketed online to local investors and has a floating coupon rate.
"The SBR008 ini is a form of the government's commitment to provide alternative financing instruments that are safe, easy, affordable, and profiting," the ministry wrote in an official statement, Thursday, September 5.
The SBR008 has a floating coupon of 7.2 percent. The minimum order for the 2-year bond is set at Rp1 million.
Investors can purchase the bonds online through distributing partners.
The Finance Ministry has included three additional online platforms as official distributors on government's financial instruments: Bukalapak, Tokopedia, and Finnet. With the additional channels, the total number of financial institutions that are allowed to sell SBRs is 86 companies.
As for distributing partners, the ministry works with 13 banks, four securities firms, three special securities of APRED Fintech, and two peer-to-peer fintech lenders.