The potential issue of SBN at retail is not too important

KONTAN.CO.ID – JAKARTA. The government plans to strengthen the domestic securities market (SBN) by expanding the share of SBN retail issues. In the second half of this year, the government plans to issue three types of retail SBN, namely retail savings economy (SBR), retail bonds (ORI), and sukuk savings.

Two of the three types of retail SBN will be published online, namely SBR and sukuk savings. While ORI, as always, will be published online. Nevertheless, the government has not been willing to specify when the issue will be made based on the number of coupons and targets.

Lana Soelistianingsih, an economist at Samuel Asset Management, said that the issuance of SBN retail was good enough for the deepening of financial markets. However, the government can not expect much from retail investors. Because, "Potential is not too big," Lana told Kontan.co.id on Monday (23/7).

According to Lana, this is due to limited retail capacity. Going from an insufficient understanding of investments in bonds to the ownership of funds, especially the retail SBNs published online targeting the millennia.

On the other hand, thanks to the issuance of SBN retail, the government has a better bargaining position. In other words, the government can offer coupons that are not too expensive. More importantly, the coupon offered can be competitive with the deposit interest rate.

For investors, retail SNB taxes are also lower than filing taxes. "So, the government must continue socialization," he added.

STATE OR SBN SECURITIES