Retail State Sukuk

 

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Retail State Sukuk

What are the requirements?

  • Individual Indonesian Citizens (WNI)
  • Holding a BSM account
  • Minimum subscription: Rp5 million (5 units) and maximum: Rp5 billion
I'm interested

 

“People’s Investment with Real Benefits” Bank Syariah Mandiri, as a Selling Agent at the Primary Market, offers retail Islamic Bond (SBSN) products, or also known as Retail State Sukuk. Retail State Sukuk are SBSN (State Sukuk) sold to individuals or individual Indonesian Citizens through a Selling Agent at the domestic Primary Market. Retail State Sukuk can be subscribed only by individual Indonesian Citizens as verified with a valid ID Card (KTP), with a minimum number of purchases determined by the Government through the Information Memorandum issued every time the Retail State Sukuk are issued. The appointment of Bank Syariah Mandiri as a Selling Agent of the Retail State Sukuk is stipulated by the Government. Retail State Sukuk products offered by Bank Syariah Mandiri are as follows:

Retail State Sukuk Serial No. SR-010
Scriptless SBSN
Contract Ijarah - Asset To Be Leased
Underlying Asset
  • The 2018 State Budget Projects
  • State Property (BMN) in the form of land and/or buildings
  • Projects and BMN as detailed by the Minister of Finance to be used as SBSN Assets within the scope of the Retail State Sukuk issuance with serial number: SR-010
Issuer Indonesia SBSN Issuer Company
Investors Individual Indonesian Citizens (WNI) with an account at BSM
Nominal Value Per Unit Rp1 million

Subscription Nominal Value

Rp5 million (5 units) and in multiples of Rp5 million and a maximum limit of Rp5 billion

Tenor 3 years
Tradability Tradable, with a holding period for 1 (one) coupon period with effect from March 21, 2018 through April 10, 2018
Coupons
  • 5,9% p.a.
  • Coupon payment is made periodically on the 10th (tenth) of the month. If the 10th (tenth) falls on public holiday, the payment will be made on the following working day.

Offering Period

BSM only deals with subscription from February 23 through March 14, 2018, from 08.00 to 13.00 Western Indonesia Time, except for March 14, 2018, from 08.00 to 11.00 Western Indonesia Time

Issue Date

Maret 21, 2018

Maturity Date

Maret 10, 2021

Allotment Date

Maret 19, 2018

Settlement Date

Maret 21, 2018

Listing Date with Stock Exchange

Maret 22, 2018

Redemption Amount

At par (100%), bullet payment
Paying Agent Bank Indonesia
Subregistry

Kustodian Sentral Efek Indonesia (KSEI) through Participants/Subregistry Customers: Bank Bukopin Kustodian

Primary Market:  
  • Fees
  1. Stamp Duties on a Statement and a Power of Attorney to Open a Securities Account at Bank Bukopin Custodian
  2. The stock depository fee at the Bank Bukopin Custodian is 0.025% p.a. with a minimum of Rp5,000/month plus Value Added Tax (PPN). The stock depository fee is paid every month as directly deducted from the SR-010 Rewards/Coupons received by customers.
  3. An Investor Protection Fund fee is paid only 1 (one) time a year with the protection period of 1 (one) year. An Investor Protection Fund is the sum of Risk Factors multiplied by 0.001% of the monthly average of the total value of SR-010 of the customer in the previous year. An Investor Protection Fund fee is paid by the customer by deducting the receipts from the SR-010 coupons in February every year until maturity.
  • Taxes

Coupon Tax: 15% (Final Income Tax)

Secondary Market:
1. Buying Customers  
  • Fees
  1. A transaction fee: Rp25,000 per transaction
  2. Stamp duties on a Statement and a Power of Attorney to Open a Securities Account at a Custodian Bank.
  3. Accrued return.
  • Taxes
-
2. Selling Customers  
  • Fees
  1. A transaction fee is Rp25,000 per transaction. A customer who desires to transfer his/her funds to the Securities Account with a Custodian Bank and/or other Securities other than with a Bank Bukopin Custodian (against payment), will be charged an additional fee of Rp25,000 per transaction.
  2. If the customer sells the entire SR-010, the stock depository fee at the Bank Bukopin Custodian is 0.025% p.a. with a minimum of Rp5,000/month plus Value Added Tax (PPN).
  • Taxes
  1. If on sale at a premium price, subject to capital gain tax and accrued return of 15% each (Non-Final Income Tax).
  2. If on sale at par, subject to accrued return of 15% (Non-Final Income Tax).
  3. If on sale at a discount price, subject to tax on the difference between the accrued return and the total capital loss of 15% (Non-Final Income Tax).
  4. The tax is applied to the Annual Tax Return

 

SR-009 Form
Scriptless SBSN
Contract Ijarah – Asset To Be Leased
Underlying Asset
  • The 2017 State Budget Projects
  • State Property (BMN) in the form of land and/or buildings
  • Projects and BMN as detailed by the Minister of Finance to be used as SBSN Assets within the scope of the Retail State Sukuk issuance with serial number: SR-009.
Issuer

Indonesia SBSN Issuer Company

Investors

Individual Indonesian Citizens (WNI) with an account at BSM

Nominal Value Per Unit Rp1 million

Subscription Nominal Value

Rp5 million (5 units) and in multiples of Rp5 million and a maximum limit of Rp5 billion

Tenor 3 years
Tradability Tradable, with a holding period for 1 (one) coupon period with effect from March 22, 2017 through April 10, 2017.
Coupons
  • 6,9% p.a
  • Coupon payment is made periodically on the 10th (tenth) of the month. If the 10th (tenth) falls on public holiday, the payment will be made on the following working day.

Offering Period

BSM only deals with subscription from February 27 through March 16, 2017, from 08.00 to 13.00 Western Indonesia Time

Issue Date

Maret 22, 2017

Maturity Date

Maret 10, 2020

Allotment Date

Maret 20, 2017

Settlement Date

Maret 22, 2017

Listing Date with Stock Exchange

Maret 23, 2017

Redemption Amount

At par (100%), bullet payment
Paying Agent  Bank Indonesia
Subregistry

Kustodian Sentral Efek Indonesia (KSEI) through Participants/Subregistry Customers: Bank Bukopin Kustodian

Primary Market:
• Fees
  1. Stamp Duties on a Statement and a Power of Attorney to Open a Securities Account at Bank Bukopin Custodian
  2. The stock depository fee at the Bank Bukopin Custodian is 0.025% p.a. with a minimum of Rp5,000/month plus Value Added Tax (PPN). The stock depository fee is paid every month as directly deducted from the SR-009
  3. An Investor Protection Fund fee is paid only 1 (one) time a year with the protection period of 1 (one) year. An Investor Protection Fund is the sum of Risk Factors multiplied by 0.001% of the monthly average of the total value of SR-009 of the customer in the previous year. An Investor Protection Fund fee is paid by the customer by deducting the receipts from the SR-009 coupons in February every year until maturity
• Taxes

Coupon Tax: 15% (Final Income Tax)

Secondary Market:
1. Buying Customers
• Fees
  1. A transaction fee: Rp25,000 per transaction.
  2. Stamp duties on a Statement and a Power of Attorney to Open a Securities Account at a Custodian Bank.
  3. Accrued return.
• Taxes -
2. Selling Customers
• Fees
  1. A transaction fee is Rp25,000 per transaction. A customer who desires to transfer his/her funds to the Securities Account with a Custodian Bank and/or other Securities other than with a Bank Bukopin Custodian (against payment), will be charged an additional fee of Rp25,000 per transaction
  2. If the customer sells the entire SR-009, the stock depository fee at the Bank Bukopin Custodian is 0.025% p.a. with a minimum of Rp5,000/month plus Value Added Tax (PPN).
• Taxes
  1. If on sale at a premium price, subject to capital gain tax and accrued return of 15% each (Non-Final Income Tax)
  2. If on sale at par, subject to accrued return of 15% (Non-Final Income Tax)
  3. If on sale at a discount price, subject to tax on the difference between the accrued return and the total capital loss of 15% (Non-Final Income Tax).
  4. The tax is applied to the Annual Tax Return.

 

SR-008 Form
Scriptless SBSN
Contract Ijarah – Asset To Be Leased
Underlying Asset
  • The 2016 State Budget Projects with the value and specifications as stated in the Asset Transaction Documents.
  • State Property (BMN) in the form of land and/or buildings
  • Projects and BMN as detailed by the Minister of Finance to be used as SBSN Assets within the scope of the Retail State Sukuk issuance with serial number: SR-008.
Issuer Indonesia SBSN Issuer Company
Investors Individual Indonesian Citizens (WNI) with an account at BSM
Nominal Value Per Unit Rp1 million

Subscription Nominal Value

Rp5 million (5 units) and in multiples of Rp5 million and a maximum limit of Rp5 billion

Tenor 3 years
Tradability Tradable, with a holding period for 1 (one) coupon period with effect from March 10, 2016 through April 9, 2016.
Coupons
  • 8,30% p.a and paid every month.
  • Coupon payment is made periodically on the 10th (tenth) of the month. If the 10th (tenth) falls on public holiday, the payment will be made on the following working day.

Offering Period

BSM only deals with subscription from February 19 through March 3, 2016, from 08.00 to 13.00 Western Indonesia Time.

Issue Date

Maret 10, 2016

Maturity Date

Maret 10, 2019

Allotment Date

Maret 7, 2016

Settlement Date

Maret 10, 2016

Listing Date with Stock Exchange

Maret 11, 2016

Redemption Amount

At par (100%), bullet payment
Paying Agent Bank Indonesia
Subregistry

Kustodian Sentral Efek Indonesia (KSEI) through Participants/Subregistry Customers: Bank Bukopin Kustodian

Primary Market
• Fees
  1. Stamp Duties on a Statement and a Power of Attorney to Open a Securities Account at Bank Bukopin Custodian.
  2. The stock depository fee at the Bank Bukopin Custodian is 0.025% p.a. with a minimum of Rp5,000/month plus Value Added Tax (PPN). The stock depository fee is paid every month as directly deducted from the SR-008 Rewards/Coupons received by customers.
  3. An Investor Protection Fund fee is paid only 1 (one) time a year with the protection period of 1 (one) year. An Investor Protection Fund is the sum of Risk Factors multiplied by 0.001% of the monthly average of the total value of SR-008 of the customer in the previous year. An Investor Protection Fund fee is paid by the customer by deducting the receipts from the SR-008 coupons in February every year until maturity.
• Taxes

Coupon Tax: 15% (Final Income Tax)

Secondary Market:
1. Buying Customers
• Fees
  1. A transaction fee is Rp25,000 per transaction.
  2. Stamp duties on a Statement and a Power of Attorney to Open a Securities Account at a Custodian Bank.
  3. Accrued return.
• Taxes -
2. Selling Customers
• Fees
  1. A transaction fee is Rp25,000 per transaction. A customer who desires to transfer his/her funds to the Securities Account with a Custodian Bank and/or other Securities other than with a Bank Bukopin Custodian (against payment), will be charged an additional fee of Rp25,000 per transaction.
  2. If the customer sells the entire SR-008, the stock depository fee at the Bank Bukopin Custodian is 0.025% p.a. with a minimum of Rp5,000/month plus Value Added Tax (PPN)
• Taxes
  1. If on sale at a premium price, subject to capital gain tax and accrued return of 15% each (Non-Final Income Tax).
  2. If on sale at par, subject to accrued return of 15% (Non-Final Income Tax)
  3. If on sale at a discount price, subject to tax on the difference between the accrued return and the total capital loss of 15% (Non-Final Income Tax).
  4. The tax is applied to the Annual Tax Return.

Retail State Sukuk with Serial Number: SR-007

Matured on Maret 11, 2018

Retail State Sukuk with Serial Number: SR-006

Matured on Maret 5, 2017

Retail State Sukuk with Serial Number: SR-005

Matured on Februari 27, 2016

Retail State Sukuk with Serial Number: SR-004

Matured on September 21, 2015

Retail State Sukuk with Serial Number: SR-003

Matured on Februari 23, 2014

Retail State Sukuk with Serial Number: SR-002

Matured on Februari 10, 2013

Retail State Sukuk with Serial Number: SR-001

Matured on Februari 25, 2012