Government Securities (SBN) are investment instruments issued by the Government of the Republic of Indonesia to support state budget financing and national development. Retail SBN are intended for individual Indonesian investors and can be one option for portfolio diversification.

SBNs provide returns in the form of coupons paid periodically in accordance with the terms of each series. The principal and coupon payments of SBNs are guaranteed by law and allocated in the state budget, so they generally have a relatively low risk of default.

Some common types of retail SBNs issued include:

• ORI (Indonesian Retail Bonds) – fixed coupons and tradable on the secondary market.
• SR (Retail Sukuk) – based on sharia principles and tradable.
• SBR (Retail Savings Bonds) and ST (Savings Sukuk) – floating coupons with a minimum limit (floating with floor) and cannot be traded on the secondary market.

Each series has different characteristics in terms of tenor, coupon mechanism, and redemption provisions. Therefore, it is important for investors to understand the product features before making a purchase.

In 2026, the Government of the Republic of Indonesia, through the Ministry of Finance, has prepared a variety of SBN products with the following *tentative offering periods:

• ORI029: January 26 – February 19, 2026
• SR024: March 6 – April 15, 2026
• ST016: May 8 – June 3, 2026
• ORI030: July 6 – July 30, 2026
• SR025: August 21 – September 16, 2026
• SBR015: September 28 – October 22, 2026
• ST017: November 6 – December 2, 2026
  *Schedule subject to change according to the Ministry of Finance's policies

Bank Mayapada, as a Sub-Distribution Partner, offers Retail Government Securities (SBN) online. Further information can be found on the official Bank Mayapada Retail SBN page at https://www.bankmayapada.com/id/produk/investasi/sbn-ritel.