Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>Investment  >>Sales of government retail bonds surpass Rp 21 trillion
NEW UPDATES Asean Affairs  22 October 2014  

Sales of government retail bonds surpass Rp 21 trillion

The government raised Rp 21.22 trillion (US$1.76 billion) from the sales of its 11th retail bond (ORI011) as the high-yield debt papers attracted ever more individual investors, the Finance Ministry said on Monday.

Robert Pakpahan, the Ministry’s director general for debt management, said the final bids reached Rp 21.3 trillion. However, the government closed the bidding at Rp 21.22 trillion — the amount required in the 2014 revised state budget.

“Total sales have surpassed our indicative target of Rp 20 trillion. We are pleased and proud with the result because domestic retail investors have dominated the number of buyers,” he said.

According to Robert, the high demand demonstrated the increased attraction to domestic investors — a trend which highlights that ordinary citizens can contribute to the country’s development funding through bond purchases.

The three-year bonds offered a 8.5 percent yield paid monthly starting on Nov. 15.

The government had set the retail bonds’ bid period from Oct. 1 to Oct. 16, while the allotting date was Oct. 20.

Robert added that of the 35,024 investors who purchased the bonds in 34 provinces, 39.8 percent lived in Jakarta and the majority of them were entrepreneurs and private employees.

Outside Jakarta, he said around 50.4 percent of the investors lived in the western part of the country and 9.9 percent in the central and eastern regions.

He said further that 20,418 of the total were first-time investors, who accounted for 34.4 percent of those who purchased bonds of an average value between Rp 100 million and Rp 500 million.

In terms of age, Robert said 72.9 percent of the investors were over 40 and they purchased bonds worth Rp 15.6 trillion, or 73.93 percent of the total sales.

The minimum order for ORI011 was Rp 5 million and its multiples up to Rp 3 billion, with the coupon payment due on the 15th day of every month.

“Out of 21 appointed sales agents, 20 have succeeded in selling above their targets,” Robert added.

The 21 appointed sales agents comprised 18 banks, namely Citibank, ANZ, Bukopin, BCA, CIMB Niaga, Danamon, DBS, BII, Mandiri, BNI, OCBC NISP, Panin, Permata, BRI, BTN, UOB, Standard Chartered and HSBC; and three securities firms; Danareksa Sekuritas, Trimegah Securities and Sucorinvest Central Gani.

Also on Monday, state lender BNI executive vice president of customer management and marketing, Purnomo B. Soetadi, said ORI011 purchases by his bank’s customers had reached its allocation of Rp 2.6 trillion.

“This time, there was equal demand from all of our customer segments, namely the upper-mass, affluent and Emerald Banking [BNI’s priority banking division],” he told The Jakarta Post.

Above-target sales of ORI011 were also achieved by OCBC NISP, which had succeeded in selling all of its allocation of Rp 2.1 trillion, according to Ka Jit, the bank’s senior corporate executive for the consumer banking division.

Previously, Finance Minister Chatib Basri said 2014 was a historic year because the amount of bonds or treasury notes (SBN) amounted to gross values of Rp 430 trillion, in accordance with the country’s continuously growing state budget. (gda)


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            October 22, 2014 Subsribe Now !

• Malaysia and Indonesia to join forces to make Asean car a reality
Subcribe: Asean Affairs Global Magazine
• Thai Deputy PM visits ASEAN Secretariat; meets with ASEAN SecGen
• Cambodia bond a possibility
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Sales of government retail bonds surpass Rp 21 trillion
• Taiwan’s Foxconn optimistic about investing in RI
Asean Analysis                    October  22, 2014

• Asean Analysis October 22, 2014
Smartphone sales in seven key Southeast Asia markets reached more than USD 16.4 billion in past 12 months: GfK
Advertise Your Brand

Asean Stock Watch    October 21, 2014
• Asean Stock Watch-October 21 , 2014
The Biweekly Update
• The Biweekly Update  October 17, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand