20 March 2024
SBN can be categorized based on their type, namely conventional and sharia. The types of coupons offered are also different in each series, namely floating with floor or floating coupons with a minimum limit and fixed rate or fixed. Check out a more complete explanation of the types and how to buy SBN below!
To make it easier for you to learn about the types of SBN, see the following explanation:
SBN (conventional) is a financial instrument issued by the Government of Indonesia to finance budget deficits and development projects. Some of these SBN products include Saving Bond Retail (SBR) and Retail State Bonds (ORI).
The difference between the two can be seen in the following table.
SBR | ORI | |
Tenor (maturity) |
Starting from 2 years |
Starting from 3 years |
Coupons | Floating with the floor, payable monthly |
Fixed, paid monthly |
Trading in the secondary market |
Not possible, but there is an early redemption option |
Can be traded |
Potential capital gains |
None |
Available |
The difference between the two can be seen in the following table.
Savings Sukuk (ST) | Retail Sukuk (SR) | |
Tenor (maturity) |
Starting from 2 years |
Starting from 3 years |
Coupons | Floating with the floor, payable monthly |
Fixed, paid monthly |
Trading in the secondary market |
Not possible, but there is an early redemption option |
Can be traded |
Potential capital gains |
None |
Available |
In order to support efforts to deepen the domestic financial market, the Government is selling Government Sharia Securities (SBSN) Retail Sukuk series SR020T3 and SR020T5 to individual investors online (e-SBN). You can order e-SBN via M2U ID App , Maybank Indonesia's mobile banking application, which is one of the distribution partners for SBN sales.
Further information about SBN SR020 can be found in the table below:
Publisher |
Government of the Republic of Indonesia through the Indonesian SBSN Issuing Company |
Type of contract |
Ijarah asset to be leased |
Offering Period |
Opening: March 1, 2024 at 09:00 am Closing: March 27, 2024 at 10:00 am |
Settlement Date |
April 3, 2024 |
Format |
Scriptless and can be traded in the secondary market |
SR020T3 Tenor |
3 (three) years |
SR020T5 Tenor |
5 (five) years |
SR020T3 Maturity |
March 10, 2027 |
SR020T5 Maturity |
March 10, 2029 |
Nominal Value Per Unit |
Rp1 million |
Minimum Subscription |
Rp1 million and its multiples |
Maximum SR020T3 Subscription |
Rp5 Billion |
Maximum Subscription SR020T5 |
Rp10 Billion |
SR020T3 Yield |
6,30% fixed p.a. (per annum) |
SR020T5 Payoff |
6,40% fixed p.a. (per annum) |
Source: Official Website of the Indonesian Ministry of Finance
To purchase SBN SR020 via M2U ID App , you can follow these guidelines:
Complete information on SID registration and e-SBN registration via M2U ID App can be found on this page.
How to purchase SBN SR020 via M2U ID App:
Complete information on how to purchase SBN SR020 can be found here.
SBN SR020 investment via M2U ID App can be done anywhere and anytime. Increase your investment and contribute to the development of Indonesia by purchasing SBN SR020 via M2U ID App now! SR020 program details click here.