Retail Sukuk Series SR024 Offering Absorbs Rp 17 Trillion
The government has set the results of the retail sukuk series SR024 sale on 20 April 2026 at Rp 17.48 trillion. The offering of this retail sukuk or State Sharia Securities (SBSN) was opened from 6 March 2026 and ran until 15 April 2026.
The total SBSN sold consists of the SR024T3 series, with a 3-year tenor, amounting to Rp 12.14 trillion, and the SR024T5 series, with a 5-year tenor, amounting to Rp 5.34 trillion.
The SR024T3 series matures on 10 March 2029, while the SR024T5 series matures on 10 March 2031. “The proceeds from the SR024 issuance are fully used to meet the financing needs of the 2026 State Budget,” as quoted from the Directorate General of Financing and Risk Management (DJPPR) website of the Ministry of Finance, Tuesday, 21 April 2026.
SR024 is offered under the Ijarah Asset to be Leased contract and issued with underlying assets in the form of State-Owned Goods (BMN) and 2026 State Budget projects. The Retail Sukuk Series SR024 is issued without certificates and is tradable, offering a fixed rate of return.
The returns are 5.55% per year for the SR024T3 series and 5.90% per year for the SR024T5 series. SR024 is the sixth retail sukuk issued in two series. The total number of SR024 investors reached 62,231, comprising 44,424 investors for SR024T3 and 22,548 for SR024T5.
The number of new SR024 investors for retail SBN is 16,034 investors. Meanwhile, the number of new SR024 investors for retail SBSN is 20,297 investors.
By generation, Millennials dominated the SR024 investors at 50.75%. However, in terms of order volume, Generation X placed the largest orders at 42.62%.
The largest number of SR024 investors by profession is private employees at 34.95%. In terms of order volume, entrepreneurs were the largest at 29.79%.
By gender, the number of SR024 investors is dominated by women at 57.16%. In terms of order volume, women’s share is slightly larger at 50.64%.
During the SR024 offering period, there was a retail State Sharia Securities (SBSN) series that matured, namely SR018T3, which matured on 10 March 2026, valued at Rp 16.95 trillion. As much as 39.88% (Rp 6.33 trillion) of the total nominal value of the maturing SR018T3 was reinvested into SR024.