ORI030 Orders Hit Rp21.9 Trillion in Just 10 Days

JAKARTA – The Ministry of Finance has announced that the ORI030 retail government bond, released on 6 July 2026, has garnered significant enthusiasm from investors. As of Thursday (16/7/2026), realised orders had surpassed 87 per cent of the target, even though the offering period remains open until 30 July 2026.

“Realisation for ORI030 sales, as of this afternoon at 4 p.m. Western Indonesian Time, has reached Rp21.9 trillion. The offering period runs until 30 July, so we are only halfway through. Our target is Rp25 trillion,” said Chandra A.S. Wibowo, Associate State Finance Analyst for Financing and Risk Management at the Ministry of Finance, during a UOB Media Literacy Circle event in Central Jakarta on Thursday (16/7/2026).

The initial indicative target for the ORI030 issuance was Rp20 trillion. The Ministry of Finance has since raised it to Rp25 trillion, driven by strong public and investor appetite for government securities. A further increase remains possible. “We will see whether to upsize the quota or keep it at Rp25 trillion. We will review this in the next one or two days,” he stated.

Chandra explained that ORI030 possesses characteristics suited to the current economic climate, which saw high volatility throughout the first half of 2026, making it an appropriate investment choice. “In this economy, volatility is very high, so what are investors looking for? First: security, second: certainty, and third: flexibility. Retail government bonds, including ORI030, have all three components,” he said.

Regarding security, Chandra noted that ORI030 is guaranteed by law, meaning that as long as the Republic of Indonesia exists, retail government bonds will not default. “The default risk can be said to be close to zero, as long as this country stands, and we all safeguard it together,” he remarked.

On certainty, Chandra confirmed that ORI030 offers a fixed rate of return. Specifically, the three-year tenor yields 6.9 per cent, while the six-year tenor yields 7 per cent, which is relatively high compared to other retail government bonds. Furthermore, the withholding tax on bond interest is only 10 per cent, significantly lower than the 20 per cent tax on instruments such as deposits. “So, ORI030 or retail government bonds in general offer a higher level of return, but with a lower tax deduction,” he emphasised.

Additionally, based on the track record of retail government bond implementations over the past two decades, coupon payments have always been made on time, disbursed to investors every 15th of the month. “Since ORI001 was issued in 2006, payments have always been punctual, never late, including redemptions. In terms of certainty, it has been proven over these 20 years,” he said.

The third component, flexibility, is also fulfilled by ORI030. Retail government bonds are tradable on the secondary market, offering investors considerable flexibility. “ORI030 is a tradeable type of retail government bond. Because it can be sold on the secondary market, the liquidity risk for investors is relatively small. There is a market if needed before maturity. Investors can adjust their portfolios or meet other needs by selling on the secondary market,” he explained. “So, I see ORI030, in the current economic situation, as a safe and certain investment alternative that also offers competitive returns for investors, especially individual investors.”