SR018T3 Matures Today, Reinvestment Opportunity in SR024 with Yields Up to 5.9%
SR018T3 Retail Sukuk Officially Matures After Three Years
SR018, a Sharia-compliant government bond issued in March 2023, offered two tenor options of three and five years. The SR018T3 series has now reached maturity on 10 March 2026, with the government returning 100% of principal investment to investors.
The offering period for SR018 (3–29 March 2023) generated substantial enthusiasm, with total sales of both tenors reaching IDR 21.49 trillion. The high retail investor participation demonstrated a growing shift from a savings-oriented to an investment-oriented society, particularly through Sharia-compliant instruments.
Financial Markets Remain Volatile
The maturity of SR018T3 arrives amid continued global market uncertainty. Geopolitical tensions, rising energy costs, and stock market volatility have prompted many investors to seek more stable and predictable investment instruments. In Indonesia, the composite stock index (IHSG) fell more than 9% in a single week in early March 2026, reflecting significant market volatility. During such periods, investors typically rebalance portfolios with instruments offering more stable and predictable returns.
SR024: A Sharia-Compliant Alternative
As SR018T3 matures, the government is simultaneously offering the SR024 retail sukuk series. This Sharia-compliant instrument offers fixed rate coupons that remain unchanged until maturity, regardless of market interest rate fluctuations.
SR024 presents competitive returns. Current LPS deposit guarantee rates stand at approximately 3.5% with a 20% tax on interest, whilst SR024 coupons are subject to only 10% tax, yielding higher net returns. The spread above the central bank’s benchmark rate also remains attractive.
Post-Maturity Investment Strategies
For investors holding SR018T3, the returned principal can be reallocated according to individual financial strategies. Common approaches include: allocating funds to alternative Sharia-compliant instruments, balancing portfolios with low-risk investments, or seeking instruments providing regular monthly income.
SR024 serves as a viable alternative, offering fixed coupons of up to 5.9% annually, monthly coupon payments, and government backing. The instrument is available to Indonesian citizens with accounts at official SBN retail distribution partners.
Frequently Asked Questions
What happens when SR018T3 matures? Investors receive 100% of their principal back to their registered accounts.
Is SR024 automatically purchased by SR018T3 investors? No, investors must place a new order if they wish to invest in SR024.
Can SR024 be sold before maturity? Yes, after the minimum holding period has elapsed.
Who can purchase SR024? Indonesian citizens holding accounts with official SBN retail distribution partners.