Kuya Food Express JAKARTA. The offering for Sukuk Tabungan Series 016, or ST016, remains open to investors. This retail sharia government bond (SBN Syariah Ritel), a valuable state-owned asset, is set to conclude its offering period on June 3, 2026.
According to data from Bibit, a prominent distribution partner, the ST016 two-year tenor (ST016-T2) has seen exceptional demand. Since its launch on May 8, 2026, it has already sold 88.5% of its Rp 10 trillion national quota. As of Tuesday, May 26, only Rp 1.142 trillion of the two-year tenor’s purchase quota remains available, highlighting its popularity among investors.
Similarly, the ST016 four-year tenor (ST016-T4) has also garnered significant interest, achieving 87.3% of its Rp 5 trillion national quota. As of the same date, Tuesday, May 26, the remaining quota for the longer-term tenor stands at Rp 1.630 trillion, indicating robust investor confidence in both offerings.
Investors in the two-year tenor can anticipate an attractive annual yield of 6.05%, with maturity set for June 10, 2026, and the first coupon payment scheduled for July 10, 2026. For those opting for the ST016-T4, the four-year tenor offers an even higher annual yield of 6.25%, maturing on June 10, 2028.
Both tenors feature a “floating with floor” coupon type, which means the coupon rate can adjust upward in response to movements in Bank Indonesia’s (BI) benchmark interest rate. This mechanism ensures potential for higher returns while providing a protective floor, safeguarding investors from significant rate drops and offering a dynamic yet secure investment opportunity.
Summary
The offering period for Sukuk Tabungan Series 016 (ST016), a retail sharia government bond, is nearing its end on June 3, 2026. Both the two-year (ST016-T2) and four-year (ST016-T4) tenors have experienced high demand, with the ST016-T2 having 88.5% of its quota sold and the ST016-T4 at 87.3% as of May 26, 2026.
The ST016-T2 offers an annual yield of 6.05% and matures on June 10, 2026, while the ST016-T4 provides a higher yield of 6.25% and matures on June 10, 2028. Both tenors utilize a “floating with floor” coupon mechanism, allowing for potential rate increases with Bank Indonesia’s benchmark interest rate while providing a minimum return.