This is BRI’s strategy to sell SR020 up to IDR 1.5 trillion

This is BRI’s strategy to sell SR020 up to IDR 1.5 trillion

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REPUBLIKA.CO.ID, JAKARTA — The Directorate General of Management, Financing and Risk, Ministry of Finance (DJPPR Kemenkeu) said that there were 63,009 investors who bought up the SR020 series Retail Sukuk during the offering period from 1-27 March 2024.

Total sales of the SR020 reached IDR 21.35 trillion from both series. In detail, the SR020-T3 with a 3 year tenor was sold for IDR 17.78 trillion, while the SR020-T5 with a 5 year tenor was sold for IDR 3.57 trillion. The short tenor of 3 years is much more attractive to investors.

One of the SR020 sales distribution partners, PT Bank Rakyat Indonesia (Pesero) Tbk, succeeded in recording encouraging sales figures. At the end of the SR020 sales period, BRI sales reached IDR 1.5 trillion or 202 percent of the target set by the Ministry of Finance.

One of BRI’s strategies to encourage sales of SR020 is by holding a sales activity in the form of a Wealth Tea Time talk show. This event was a collaboration between BRI Wealth Management and the Ministry of Finance of the Republic of Indonesia (Kemenkeu RI) which was held at the Claro Hotel, Kendari at the end of March 2024.

Regarding this, BRI Consumer Business Director Handayani said that by holding this event, his party hopes it can become a manifestation and concrete proof that BRI is committed to providing the best service to its customers. “Apart from that, this collaboration is also carried out to support the development of the sharia financial market and strengthen the capital market in Indonesia,” he said, Thursday (4/4/2024).

The advantages of investing in SR020 include being safe because it is guaranteed by the state. This SBN also has attractive returns, can be a source of monthly passive income, has the potential for capital gains, and helps the country’s development.

“In the future, BRI will continue to be committed to carrying out financial literacy activities in providing One Stop Financial Solution services to its customers. “We hope that this will be a manifestation and concrete proof that BRI continues to be committed to growing and providing the best service to its customers,” concluded Handayani.




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