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Today's Headlines Retail Bonds

  • Indonesia Records Biggest-Ever Islamic Bonds (Retail Sukri) Sale

    Indonesia Records Biggest-Ever Islamic Bonds (Retail Sukri) Sale

    As predicted, demand for Indonesia's sharia-compliant government retail bonds (Sukuk Negara Ritel, abbreviated Sukri) remains strong and is growing. In fact, Indonesia's Finance Ministry released a statement on Monday (07/03) that said Southeast Asia's largest economy recorded its biggest ever sale of Sukri bonds. Between 19 February and 4 March 2016 Indonesia offered the three year SR-008 Islamic bond series (carrying a fixed coupon of 8.3 percent per year), raising IDR 31.5 trillion (approx. USD $2.4 billion).

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  • Bond Market Indonesia: Government Starts Selling Conventional Retail Bonds Today

    Bond Market Indonesia: Government Starts Selling Conventional Retail Bonds Today

    In order to tackle an estimated shortfall of more than IDR 260 trillion (approx. USD $17.5 billion) in the 2015 State Budget, the Indonesian government starts selling government bonds to Indonesian retail investors today (21/09). In the original 2015 State Budget the government projected a deficit of 1.9 percent of the country’s gross domestic product (GDP). Recently, this figure was raised to 2.23 percent of GDP due to disappointing tax revenue amid weak economic growth.

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  • Islamic Finance in Indonesia: Sale of Sukuk Retail Bonds

    Islamic Finance in Indonesia: Sale of Sukuk Retail Bonds

    Indonesia eyes to raise IDR 20 trillion (USD $1.6 billion) from the sale of sukuk, Islamic bonds, to Indonesian citizens between 23 February and 6 March 2015. These three-year Sharia-compliant retail bonds (SR-007 retail sukuk) offer an 8.25 percent coupon rate, the highest premium over existing securities in two years. The minimum order for these bonds starts at IDR 5 million and the maximum is IDR 5 billion. The Indonesian Finance Ministry said that proceeds of the debt sales will be used to finance the country’s state-budget deficit.

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  • Indonesia to Offer US Dollar, Euro, Yen and Islamic Bonds in 2015

    The government of Indonesia announced that it plans to sell US dollar, euro and yen-denominated bonds as well as global sukuk (Islamic bonds) in 2015. Robert Pakpahan, Director General at the Debt Management Office within the Finance Ministry, said that the government targets to issue IDR 431 trillion (USD $35.2 billion) worth of bonds next year, of which USD $7-8 billion will be offered to global investors. Pakpahan added that the Indonesian government will not offer saving bonds next year.

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Latest Columns Retail Bonds

  • New Indonesian Retail Bonds (ORI014) on Sale in Indonesia

    New Indonesian Retail Bonds (ORI014) on Sale in Indonesia

    Between 29 September and 19 October 2017, the Indonesian government offers its new series of (conventional) Indonesian Retail Bonds (in Indonesian: Obligasi Ritel Indonesia, or ORI) to Indonesian retail investors. Since 2006 the Indonesian government has been issuing ORI bonds, at least once per year, to finance the government's state budget.

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  • Indonesian Government Will Issue Global Sukuk and ORI in October

    The government of Indonesia plans to issue global sukuk (the Islamic equivalent of bonds) and retail bonds (Obligasi Ritel Indonesia, abbreviated ORI) in October 2013. Proceeds from the bond issuances will be used to finance the budget deficit, which is targeted at 2.48 percent of gross domestic product (GDP) in the 2013 Revised State Budget (APBN-P). This percentage figure is equivalent to IDR 233.7 trillion (USD $23.82 billion), and represents a robust increase compared to the deficit in 2012 (at 1.77 percent of GDP).

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