This year, the Ministry of Finance is targeting to raised around Rp80 trillion from the issuance of 10 retail bonds, both conventional and Sharia. The target is obtained by issuing 10 debt instruments this year.
Alfirman explained, there are 4 types of debt instruments to be issued in 2019, namely Indonesian Retail Bonds, Retail Savings Bond, Retail SUKUK, and Savings Bonds. He stated, “We will publish these four types of instruments flexibly so the total publishing will reach 10 times this year.”
With the issuance of these bonds, the government hopes to embrace more retail investors. This year, the government targets to attract 100 thousand retail investors.
“Since the issuance of the previous SBR005, we have used Single Investor Identification so the number of registered investors is truly a single investor, not duplicated as before,” he said.
He continued, the issuance of debt instruments was intended to finance the government budget, including the implementation of physical and non-physical development. In addition to issuing retail bonds in the country, the government also plans to issue debt instruments in foreign currencies.
“At present, we are conducting a roadshow to see market conditions before issuing global sukuk. After that, we can only find out the time and rate of the instruments issued,” he said.
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