Government Raises IDR 15.5 Trillion via ORI028 Sale

The Indonesian government raised IDR 15.5 trln by offering the retail government bond ORI028 to the public from 29 September to 23 October 2025. ORI028 comprised two tenors: ORI028T3 worth IDR 12 trln and ORI028T6 worth IDR 3.5 trln.

The fixed coupons are 5.35 % for T3 and 5.65 % for T6 per annum, set after assessing a stable secondary market, declining domestic interest rates, and controlled inflation. The final personal income tax on bond interest was reduced to 10 %, lower than the 20 % rate on deposits. Sales were backed by financial‑literacy campaigns across social media, online, offline, and hybrid events.

All proceeds will be allocated to meet the 2025 state budget financing target, supporting fiscal liquidity. A total of 38,355 investors participated, reflecting strong public interest in government bonds. The lower tax rate and attractive coupons make ORI a competitive investment option for Indonesian taxpayers.