Saving Bonds (ST) Year 2023 Series ST011T2 and ST011T4

6 Nov 2023 - 6 Dec 2023

Saving Bonds (ST) Year 2023 Series ST011T2 and ST011T4

Saving Bonds (ST) provides opportunity for Indonesian people to contribute to the nation through investment and is a safe and profitable alternative investment instrument.

Terms and Conditions

OCBC is committed to sell ST011 in the primary market according to each customer’s needs. Supported by a team of professional staff, OCBC is ready to serve you as part of our commitment.

Details of ST011

Details ST011T2 ST011T4
Issuer Indonesia SBSN Issuing Company
Investor target Indonesia Citizen
Offering period 6 November - 6 December 2023
Allotment date 11 December 2023
Settlement date
13 December 2023
Bond type Scripless, non-tradable on the secondary market, non-transferable, and non-disbursable until maturity except during the early redemption period
Coupon payment On the 10th date every month.
In case the 10th date isn’t a working day, payment will be made on the next working day without an interest compensation. A working day is the day the operational payment system is conducted by Bank Indonesia.
Coupon type Floating with floor
First Coupon payment 10 January 2024 (Short Coupon)
Maturity date 10 November 2025 (2-year tenure) 10 November 2027 (4-year tenure)
Coupon rate
  1. For the first period (which will be paid on January 10 2024 (Short Coupon) a coupon of 6.30% applies which comes from the BI 7 days reverse repo rate at the time of determination of 6.00% plus a spread of 30 bps).
  2. The spread as in point a remains at 30 bps until maturity.
  3. The coupon rate for the first 3 month period of 6.30% applies as the minimum coupon rate (floor). The minimum coupon rate does not change until maturity.
  1. For the first period (which will be paid on January 10 2024 (Short Coupon) a coupon of 6.50% applies which comes from the BI 7 days reverse repo rate at the time of determination of 6.00% plus a spread of 50 bps).
  2. The spread as in point a remains at 50 bps until maturity.
  3. The coupon rate for the first 3 month period of 6.50% applies as the minimum coupon rate (floor). The minimum coupon rate does not change until maturity.
Minimum order Minimum IDR 1,000,000 (one million rupiah)
Nominal per unit IDR 1,000,000 (one million rupiah)
Maximum order IDR 5,000,000,000 (five billion rupiah) IDR 10,000,000,000 (ten billion rupiah)

Earn 0.1% cash rebate for ST011 purchase

Applies to minimum order accumulation of IDR 50 million and to multiplies of IDR 50 million.

Cash rebate will be credited to customers’ account utilized to purchase ST011, at the latest on the following month after Settlement Date.

Illustration of how to calculate the Cash Rebate value:

Accumulation of Nominal Completed Order Cash Rebate Value
IDR 50 million IDR 50 thousand
IDR 100 million IDR 100 thousand
IDR 130 million IDR 100 thousand
IDR 234 million IDR 200 thousand

For comprehensive information regarding ST011 transaction steps on OCBC mobile, click here https://youtu.be/_onp1rQiKm0

Invest in ST011 now.

For further information, contact Tanya OCBC on 1500-999 or visit the nearest OCBC branch.

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