SMI Issues Retail Infrastructure Bonds (ORIS) with Coupons Up to 6.05%

Jakarta — PT Sarana Multi Infrastruktur (Persero) has launched an investment instrument for infrastructure development financing, namely PT SMI’s Retail Infrastructure Bond (ORIS).

This instrument forms part of SMI’s Continuous Offering of Sustainable Sustainability Bonds Stage II 2026 with a target issuance indication of up to IDR 300 billion.

SMI Chief Executive Officer Reynaldi Hermansjah explained that ORIS represents an initiative to broaden the domestic investor base. Funds obtained through ORIS will be channelled to green projects and social projects.

“These include renewable energy, energy efficiency, and healthcare and education facilities and other social-minded facilities. Of course, the allocation to these infrastructure projects will also be aligned with our Sustainable Funding Framework,” Reynaldi said during the ORIS launch event at Fairmont, South Jakarta, on Monday, 9 March 2026.

Reynaldi explained that the minimum order value for ORIS is set at IDR 5 million with multiples of IDR 1 million. Bonds can also be traded in the secondary market after the minimum holding period expires.

In this issuance, ORIS offers 1-year and 3-year tenors with coupons of 5.60% and 6.05% per annum respectively.

“The coupons are fixed until maturity and paid monthly, with returns higher than the average deposit interest rates at state-owned banks,” Reynaldi added.

Coupon determination was conducted on 6 March 2026 with the offering period running from 9 March to 9 April 2026. Results allocation will be determined on 10 April 2026 with issuance on 6 May 2026.

The first coupon payment will commence on 6 June 2026, coinciding with the end of the minimum holding period.

For the 1-year tenor, maturity falls on 16 May 2027, whilst the 3-year tenor matures on 6 May 2029.