Indonesia Launches ST015 Retail Sukuk Series with Floating Rate Structure

Key Features of ST015 Sukuk

The Indonesian government has officially launched the ST015 retail Sukuk series, available for individual investors through online platforms starting November 10, 2025 ¹

. The offering period will continue until December 3, 2025, marking the final retail state bond issuance for the year 2025 ²

Source 2

https://investasi.kontan.co.id/news/kuota-sbn-ritel-terakhir-di-2025-sebesar-rp-10-triliun-cek-besaran-kuponnya

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Tenor and Yield Details

The ST015 series comes in two distinct tenors:

1. ST015T2: 2-year tenor with a 5.20% annual yield
2. ST015T4: 4-year tenor with a 5.45% annual yield

Both instruments feature a floating rate structure with a floor, directly linked to the benchmark BI Rate set by Bank Indonesia ¹

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Source 2

https://investasi.kontan.co.id/news/kuota-sbn-ritel-terakhir-di-2025-sebesar-rp-10-triliun-cek-besaran-kuponnya

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Investment Details and Allocation

• Minimum investment: Rp1 million
• Maximum investment: Rp5 billion for ST015T2 and Rp10 billion for ST015T4
• Total issuance quota: Rp10 trillion ²
  Source 2

  https://investasi.kontan.co.id/news/kuota-sbn-ritel-terakhir-di-2025-sebesar-rp-10-triliun-cek-besaran-kuponnya
• Availability: Online subscription through various distribution channels

Market Context and Significance

The ST015 issuance serves multiple strategic purposes:

1. Simplifies access to retail SBSN (Surat Berharga Syariah Negara) investments
2. Expands domestic investor base through digital channels
3. Supports inclusive finance initiatives
4. Contributes to 2025 state budget financing needs

Distribution Strategy

Multiple distribution partners are involved in marketing these Sukuk, with various strategies being implemented to reach different investor segments ¹

. The online platform allows for broader accessibility and convenience for individual investors across the country.