Indonesian Retail Bond Sales Reach Rp 21.9 Trillion, Government Considers Quota Increase

Sales of the Indonesian Retail Bond (ORI) series ORI030 have reached Rp 21.9 trillion, approaching the target of Rp 25 trillion, with the offering set to close on July 30, 2026. The government is considering raising the quota beyond Rp 25 trillion due to strong investor demand.

Chandra Wibowo, Head of the State Debt Market Development and Deepening Team at the Directorate General of Debt Management of the Ministry of Finance, highlighted that ORI030 appeals to investors through three key aspects: security, certainty, and flexibility. He emphasized that the government guarantees ORI030, making the default risk nearly zero as long as Indonesia exists. The bonds also offer fixed returns, with yields of 6.9% for the 3-year tenor and 7% for the 6-year tenor, which Chandra described as attractive for investors seeking returns without active management.

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For the 3-year tenor, (yield) 6.9 percent. Try to find 6.9 percent without doing anything, where else can you find that?

Furthermore, ORI030 is subject to a final income tax of 10%, significantly lower than the 20% tax on bank deposit interest. Since the first ORI series was issued in 2008, coupon payments have been consistently made on the 15th of each month, and the redemption scheme has remained unchanged for over two decades. In terms of flexibility, ORI030 is a tradable government security in the secondary market.

Chandra believes ORI030 is suitable for all types of investors, from beginners to experienced individuals looking to diversify their portfolios. He views it as a safe, certain, and competitive investment alternative, especially for individual investors in the current economic climate.

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So I see ORI030, in the current economic situation, as a safe, certain, and competitive investment alternative for investors, especially individual investors.