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Indonesia: Govt targets Rp 2 trillion from sales of retail saving bonds
The government is offering SBR007 retail savings bonds until July 25, through which it aims to collect Rp 2 trillion (US$141.99 billion).
The Finance Ministry’s financing and risk management director general, Lucky Alfirman, expressed his optimism that the indicative target of Rp 2 trillion could be achieved as the market had been expanding, in line with the increasing number of distributing partners.
He explained that the government had appointed 20 partners to distribute the bonds, including banks, securities firms and financial technology firms. “In the past we only had 14 partners,” said Lucky in Jakarta on Thursday.
Lucky believed more millennial investors would buy the bonds because the investment instruments could be purchased through digital platforms.
“The domination of buyers [of the bonds] has shifted from by baby boomers to millennials,” he said as reported by kontan.co.id.
People can obtain the bonds through online registration with the distributing partners. The bond order is between Rp 1 million and Rp 3 billion. (bbn)
Source: https://www.thejakartapost.com/news/2019/07/12/govt-targets-rp-2-trillion-from-sales-of-retail-saving-bonds.html