Indonesia’s government raised more than Rp 17 trillion from the sale of its SBR015 retail government bond, the Directorate General of Debt Management said in a press release dated Tuesday 27 October. The offering ran from 28 September to 22 October 2026. The two-year series, SBR015T2, accounted for Rp 13.6 trillion and carries a coupon of 6.75 percent a year. The four-year series, SBR015T4, raised Rp 3.4 trillion at a coupon of 6.85 percent.
The directorate said the proceeds will be used to meet the 2026 state budget financing target and its revisions. It also said the coupons were set with volatile global and domestic financial markets in mind, so that SBR015 would remain an attractive option for the public.
Investor reach
A total of 62,529 investors bought the bond. Of these, 51,702 bought the two-year series and 14,156 bought the four-year series, while 3,329 took part in both tenors. Banks dominate distribution by value and investor count. Fintech platforms and securities firms are important for reaching retail buyers and for bringing in new investors.
New retail investors in government securities were 19,583 for SUN and 12,809 for SBN, according to the directorate. Millennials made up 49.84 percent of investors. Women accounted for 58.32 percent of investors and 50.68 percent of nominal value.
Who bought the bond
Generation X held 38.38 percent of the nominal value, while Baby Boomers held 31.97 percent. Private-sector employees were 34.36 percent of investors. Self-employed buyers, known as wiraswasta, accounted for 32.10 percent of nominal value.
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Source: Directorate General of Debt Management
