PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk. (BJBR) facilitated the offering of Retail Savings Bond (SBR) 011 by providing a cashback promo.
PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk. (BJBR) facilitated the offering of Retail Savings Bond (SBR) 011. The Company also launched a cashback to attract investors.
Head of the Corporate Secretary Division of Bank BJB, Widi Hartoto, said that people who order SBR 011 through Bank BJB will get cashback in the form of cash. Cashback will be transferred to the customer's account a maximum of 30 days after settlement .
On the other hand, Widi said that SBR 011 also provides an opportunity for the public to participate in helping the government finance the State Budget (APBN). In addition, this instrument is present as an effort to recover the economy due to the Covid-19 pandemic.
"Bank BJB has participated in facilitating the offer of SBR 011 as a form of our support for the national economic recovery," said Widi as quoted from the company's official website, Saturday (11/6/2022).
The government securities investment offer was previously announced for the period of May 25 – June 16, 2022. Meanwhile, SBR 011 is offered with a maturity period of two years.
In this case, Bank BJB is one of the banks that participate in marketing SBR 011. Widi stated that investors only need to register through infobjb.id/sbn with a minimum investment value of IDR 1 million.
SBR 011 is known to offer an interest of 5.50 percent pa at a floating rate. This means that the coupon will be adjusted to the BI 7 Day Reverse Repo Rate. However, a minimum coupon or floating with floor so as to provide investment certainty until the end.
Widi explained that bonds are debt securities issued by the government or corporations containing a promise from the issuing party to pay the bond coupons and pay off the principal at a predetermined time. This is in accordance with Law Number 24 of 2002.
Some of the advantages of investing in bonds are the yields or returns that are more competitive than deposit products.
In addition, it provides fixed income in the form of bond coupons, as well as the potential for profit on the sale of bonds. However, what is most important is that it is a safe investment with a 100 percent return on principal at maturity.
However, this product has some market risks to be aware of. Among other things, there are potential gains and losses due to economic factors that affect financial markets, such as changes in interest rates, exchange rates, and bond prices.
Then, credit risk is in the form of potential losses that arise because the bond issuer fails to fulfill its obligation to pay the principal of the bond. In terms of liquidity, there is a risk of being able to meet obligations due to insufficient liquidity.
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