Jakarta, 20 August 2018 – In order to broaden the investor base for local currency bonds, the government issued Retail Savings Bonds coded SBR004. As the largest private banking institution in Indonesia, PT Bank Central Asia Tbk (BCA) has once again been appointed as the official Distributing Partner by the Ministry of Finance of the Republic of Indonesia to help support the initial sale of these government bonds.
This time, the Bank BCA is once again trusted to be the Sales Distributing Partner of SBR004 after previously participated as the official Distributing Partner in the issuance of SBR003 (14/05). Attending the launching and initial sales of SBR004 was Executive Vice President of Wealth Management of BCA Eva Sumampouw, General Director of Financing and Risk Management of the Ministry of Finance Luky Alfirman and Director of Indonesia Stock Exchange Hasan Fawzi, together with the management of the other participating Distributing Partners in Jakarta, Monday (20/08).
“After being trusted by the Indonesian Ministry of Finance as the Distributing Partner of SBR003 few months ago, BCA had once again been given a precious opportunity to support the Government in the issuance of the latest Retail Savings Bond series, namely SBR004, online. We are very proud and happy to become the government partner, as it is also challenging,” explained Eva.
SBR is a type of government securities (SBN) issued by the Government for the Indonesian public. Since these bonds are intended for the local market, the purchase value of SBR003 is conveniently affordable. The SBR004 is a bond that can be obtained online through digital purchasing platforms provided by the Distributing Partners, including the banks, securities firms, and fintech companies.
“Through online purchasing facilities, making investments becomes easier. We hope that the ease, convenience, and security of this system will further encourage the millennials to start making investment as well as providing the public with education on state guaranteed investment instruments,” said Eva.
For BCA customers and investors who wish to purchase SBR004 must have a KlikBCA Individu account and create a Single Investor Identification and securities savings at the nearest BCA branches, including Main Branch Office (KCU) or Sub-Branch Office (KCP) with Prioritas designated lounge. The Offering Period starts from 20 August until 13 September 2018.
The subscription of SBR004 is released at an affordable price, starting from Rp1 million and has floating coupons with minimum coupons (floating with floor)with the Reference Rate of BI 7-Day Reverse Repo Rate. The coupon rate for the first trimester is 8.05% per year, which is derived from the reference rate that was applied when the coupon was set at 5.50 percent, added by a fixed spread of 255 basis points (bps) or 2.55 percent.
“Now, given all the ease, there’s no reason not to invest. Simply connect to the internet, and the public can make their investment securely, quickly, and easily from wherever they are. The BCA customers will also benefit from this because there’s no fee applied for the opening of securities account, free deposit until it reaches maturity, free monthly coupon transfers, and ease of transactions via KlikBCA Individu. We hope that BCA’s supports to become a Distributing Partner can help reduce the Government’s dependence on foreign investors and motivate the public to start making investments,” said Eva concluding her remarks.
BCA customers and investors can purchase the SBR004 via KlikBCA Individu and for more information please visit:
BCA Becomes SBR004 Sales Distributing Partner – Executive Vice President of Wealth Management of BCA Eva Sumampouw (right), General Director of Financing and Risk Management of the Ministry of Finance Luky Alfirman (left), Director of Indonesia Stock Exchange (BEI) Hasan Fawzi (center) were talking after the launching event of SBR004 in Jakarta, Monday (20/08). BCA reappointed as the Distributing Partner by the Ministry of Finance of the Republic of Indonesia to help support the initial sales of government bonds, Retail Savings Bond coded SBR004. BCA customers and investors can make SBR004 subscription via KlikBCA Individu.
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About PT Bank Central Asia Tbk (as of 30thJune 2018)
BCA is one of the leading commercial banks in Indonesia with a core focus on transaction banking business and providing loan facilities and solutions to the corporate, commercial & SME and consumer segments. At the end of June 2018, BCA had the privilege of serving 18 million customer accounts, processing millions of transactions every day through 1,241 branches, 17,565 ATMs and more than 490 thousands of EDC machines as well as transactions made over the 24-hour internet and mobile banking systems.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretariat Division – Corporate Communication Sub Division
Public Relations Bureau
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia Lt. 20
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
