Indonesia’s SBR015 Retail Bond Guide: Key Features, Yields, and Extra RDN Cashback
Sep 28, 2026
Promo Period: 8–22 October 2026
Order SBR015T2 or SBR015T4 during the promo period and earn 0.1% RDN cashback on eligible cumulative purchases in increments of IDR 100 million.
Every eligible IDR 100 million = IDR 100,000 gross cashback.
There is no limit on the number of cashback recipients, provided all program terms and conditions are met.
Buy SBR015 Now
Cashback applies only to successful transactions that have been fully paid and officially allocated by the Ministry of Finance of the Republic of Indonesia. Cashback is subject to applicable tax, which will be borne by the recipient.
Calculate Your SBR015 Cashback
Cashback is calculated based on your cumulative eligible SBR015 purchases in IDR 100 million increments during the promo period.
Example:
- If your total successful SBR015 purchases during the promo period reach IDR 150 million, the amount eligible for cashback calculation is IDR 100 million.
- Cashback is calculated based on cumulative successful purchases during the promo period, so the IDR 100 million threshold does not need to be reached in a single transaction.
SBR015 Cashback Promo Terms & Conditions
Promo Period
The promo runs from 8 October to 22 October 2026, until the official closing time of the SBR015 offering period.
Eligible Participants
The program is available to Indonesian citizens with an active Customer Fund Account (Rekening Dana Nasabah/RDN) who meet all program terms and conditions.
Eligible Products
The promo applies to orders for:
- SBR015T2 – 2-Year Tenor
- SBR015T4 – 4-Year Tenor
Cashback & Minimum Cumulative Purchase
- Cashback is calculated based on the cumulative value of successful SBR015 orders during the program period.
- The minimum cumulative purchase required to qualify for cashback is IDR 100 million, with cashback calculated in increments of IDR 100 million.
- For example, if your total successful purchase reaches IDR 150 million, the amount eligible for cashback calculation is IDR 100 million.
Maximum Cashback
SBR015T2
- Maximum eligible cumulative purchase: IDR 5 billion
- Maximum RDN cashback: IDR 5 million
SBR015T4
- Maximum eligible cumulative purchase: IDR 10 billion
- Maximum RDN cashback: IDR 10 million
- All cashback amounts shown are gross amounts before applicable tax deductions.
Cashback Recipient Limit
There is no limit on the number of cashback recipients.
All customers who meet the program requirements are eligible to receive cashback on qualifying transactions.
Eligible Transactions
Cashback applies only to SBR015 orders that:
- are placed during the promo period;
- have been successfully paid in full; and
- receive official allocation from the Ministry of Finance of the Republic of Indonesia.
Cancelled orders, failed payments, or orders that do not receive an allocation will not be included in the cashback calculation.
Cashback Credit
- Cashback will be credited to the RDN registered with PT Mirae Asset Sekuritas Indonesia.
- The cashback will be credited after the reconciliation and verification of eligible SBR015 transactions have been completed.
- Any applicable tax on the cashback will be borne by the recipient and deducted directly from the cashback amount credited to the RDN.
General Terms
- PT Mirae Asset Sekuritas Indonesia reserves the right to cancel cashback if there is any indication of fraud, manipulation, or violation of the program terms and conditions.
- PT Mirae Asset Sekuritas Indonesia reserves the right to amend the program terms and conditions at any time, with prior notice through the company’s official communication channels.
About SBR015
What Is SBR015?
SBR015, or Savings Bond Ritel series SBR015, is a Retail Government Security (SBN Ritel) issued by the Government of the Republic of Indonesia for individual Indonesian investors.
SBR015 offers monthly coupon payments, uses a floating with floor coupon mechanism, and is available in 2-year and 4-year tenors.
SBR015 Offering Period: 28 September–22 October 2026
SBR015T2 vs SBR015T4
SBR015 is available in two tenors, allowing investors to choose based on their investment horizon and liquidity needs.
*Subject to the period and terms set by the Government.
How Does the SBR015 Coupon Work?
SBR015 uses a floating with floor coupon mechanism.
This means the coupon rate may be adjusted in line with changes in the BI-Rate, but it will not fall below the predetermined minimum coupon rate.
The minimum coupon rates for the initial period are:
- SBR015T2: 6.75% p.a.
- SBR015T4: 6.85% p.a.
Coupons are paid monthly according to the applicable payment schedule.
Choose the SBR015 Tenor That Fits Your Investment Plan
1. SBR015T2 – 2-Year Tenor
SBR015T2 has a 2-year tenor, a minimum coupon rate of 6.75% p.a., and a maximum order of up to IDR 5 billion.
This option may be considered by investors looking for a relatively shorter investment horizon.
2. SBR015T4 – 4-Year Tenor
SBR015T4 has a 4-year tenor, a minimum coupon rate of 6.85% p.a., and a maximum order of up to IDR 10 billion.
This option offers a longer investment horizon with a higher minimum coupon rate.
Before choosing a tenor, consider your investment objectives and liquidity needs.
Can SBR015 Be Sold Before Maturity?
SBR015 is non-tradable, which means it cannot be sold or traded on the secondary market.
Investors should therefore consider their liquidity needs before deciding on the investment amount and tenor.
However, SBR015 provides an Early Redemption facility, which allows investors to redeem a portion of their principal before maturity during a specified period and subject to terms set by the Government.
Investors must hold at least IDR 2 million from each purchase transaction to be eligible for Early Redemption.
Early Redemption requests can be submitted starting from IDR 1 million and in IDR 1 million increments, up to a maximum of 50% of each purchase transaction.
How to Buy SBR015 via Mirae Asset?
Don't miss the Retail SBN offering period with Mirae Asset.
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