How to Invest
Choosing the Securities you Want to Buy
Sovereign Bonds

Issuer Republic of Indonesia
Tenor 7-10 years
Currency Indonesian rupiah
Interest Payment Fixed, semiannual coupon. Day count convention is Actual/Actual.
Minimum Amount of Tender IDR 1 million
Method of Sale in the Primary Market By competitive tender using multiple price method or noncompetitive bid at weighted average competitive price.
Who may apply Auction Participants. Retail investors should submit applications through Auction Participants designated by the Ministry of Finance.
Redemption Bonds are redeemed at par upon maturity.
Taxation Interest and capital gains on bonds coursed through the Indonesia Stock Exchange (IDX) are subject to a single, final withholding tax of 20%. Interest and capital gains from bond transactions not reported to the IDX are subject to general income taxes (30% maximum) after a preliminary withholding tax of 15% is deducted.
Secondary Market Trading Over-the-counter or Indonesian Government Securities Trading System (IGSTS) provided by the IDX.

Recapitalization Bonds

Issuer Republic of Indonesia
Tenor Variable-rate bonds have maturities from 3 to 18 years, while

fixed-rate bonds have maturities from 5 to 11 years.
Currency Indonesian rupiah
Interest Payment Variable-rate bonds pay interest quarterly, with fixed-rate bonds paying semiannually. Day count convention is Actual/Actual.
Minimum Amount of Tender IDR 1 million
Method of Sale in the Primary Market Private placement by Government to banks participating in recapitalization.
Who may apply Participating banks.
Redemption Bonds are redeemed at par upon maturity.
Taxation Interest and capital gains on bonds coursed through the Indonesia Stock Exchange (IDX) are subject to a single, final withholding tax of 20%. Interest and capital gains from bond transactions not reported to the IDX are subject to general income taxes (30% maximum) after a preliminary withholding tax of 15% is deducted.
Secondary Market Trading Over-the-counter or Indonesian Government Securities Trading System (IGSTS) provided by the IDX.

Sertifikat Bank Indonesia (SBI; T-bills)

Issuer Bank Indonesia
Tenor SBI (6-month, 9-month); T-bills (3-month, 1-year) 
Currency Indonesia rupiah
Interest Payment T-bills issued on  a discounted basis. Day count convention is Actual/360.
Minimum Amount of Tender IDR 50 million
Method of Sale in the Primary Market Dutch-style yield auction, in which successful bidders are allotted securities at a uniform yield.
Who may apply Auction Participants designated by the Ministry of Finance.
Redemption Bonds are redeemed at par upon maturity.
Taxation Interest income tax of 20%, or tax treaty rates.
Secondary Market Trading Over-the-counter.