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Bond Focus - Mandiri Sekuritas - 20250408

As of April 8, 2025, the bond market shows a decline in benchmark yields with the Rupiah depreciating by 0.70% to IDR 16,738. The most actively traded government bonds include FR0103 and FR0104, while corporate bonds like OTMA01CCN3 and OTMA01ACN3 lead in trading volume. The report also details various government and corporate bond offerings, including their yields and maturities.

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PK Prihartato
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0% found this document useful (0 votes)
66 views8 pages

Bond Focus - Mandiri Sekuritas - 20250408

As of April 8, 2025, the bond market shows a decline in benchmark yields with the Rupiah depreciating by 0.70% to IDR 16,738. The most actively traded government bonds include FR0103 and FR0104, while corporate bonds like OTMA01CCN3 and OTMA01ACN3 lead in trading volume. The report also details various government and corporate bond offerings, including their yields and maturities.

Uploaded by

PK Prihartato
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Bond Market Update

April 8, 2025

Yield Benchmark INDOGB Bergerak Turun


Pada perdagangan 27 Maret 2025, Rupiah terdepresiasi 0,70% ke IDR 16.738 sementara yield benchmark
INDOGB bergerak turun.

FR0104 (5Y) -9,49 bps ke 6,745%.


FR0103 (10Y) -13,60 bps ke 7,003%.
FR0106 (15Y) -16,30 bps ke 7,014%.
FR0107 (20Y) -9,20 bps ke 7,098%.
Source: PHEI

 Pasar perdagangan obligasi perusahaan denominasi Rupiah mencatatkan nilai transaksi sebesar IDR 7,36
T (vs hari sebelumnya IDR 7,74 T).
 Obligasi yang paling sering diperdagangkan adalah seri OTMA01CCN3 IDR 460 Bio (harga indikasi
99,95%, yield indikasi 7,012%) dan diikuti oleh OTMA01ACN3 IDR 345 Bio (harga indikasi 99,96%, yield
indikasi 6,437%).

TOP 10 MOST ACTIVE GOVERNMENT BONDS

Total Vol.
No Bond ID TTM Maturity Freq. Last Price Coupon YTM
(IDR Bio)
1 FR0103 10,31 Jul 15, 2035 258 5990 98,15 6,750% 7,004%
2 FR0104 5,30 Jul 15, 2030 127 4590 98,91 6,500% 6,745%
3 PBS003 1,81 Jan 15, 2027 157 1275 98,77 6,000% 6,731%
4 FR0091 7,06 Apr 15, 2032 87 1036 97,02 6,380% 6,915%
5 PBS038 24,74 Des 15, 2049 99 840 97,00 6,880% 7,134%
6 FR0106 15,40 Agu 15, 2040 68 786 101,02 7,130% 7,014%
7 FR0087 5,89 Feb 15, 2031 83 749 98,39 6,500% 6,834%
8 FR0107 20,40 Agu 15, 2045 81 729 100,27 7,130% 7,099%
9 FR0098 13,23 Jun 15, 2038 113 580 99,81 7,130% 7,146%
10 FR0101 4,05 Apr 15, 2029 39 517 100,40 6,880% 6,758%

TOP 10 MOST ACTIVE CORPORATE BONDS

Total Vol. Last


No Bond ID TTM Maturity Freq. Coupon YTM
(IDR Bio) Price
1 OTMA01CCN3 5,00 Mar 27, 2030 14 460 99,95 7,000% 7,012%
2 OTMA01ACN3 1,03 Apr 7, 2026 8 345 99,96 6,400% 6,437%
3 SMII04ACN3 1,03 Apr 7, 2026 4 321 100,00 6,400% 6,399%
4 SMDSSA01CCN3 4,67 Nov 26, 2029 5 312 103,40 8,630% 7,749%
5 PALM02ACN4 0,90 Feb 20, 2026 6 290 99,85 8,250% 8,417%
6 PIDL02B25 0,30 Jul 14, 2025 6 287 100,29 10,250% 9,220%
7 OPPM03B 0,61 Nov 4, 2025 3 260 101,63 10,500% 7,702%
8 MDKA03BCN3 0,43 Sep 1, 2025 5 260 100,21 8,250% 7,740%
9 SMMF03BCN1 0,87 Feb 7, 2026 5 242 101,78 10,250% 8,078%
10 SMINKP03BCN2 1,41 Agu 25, 2026 4 234 104,25 10,250% 7,059%

Benchmark Series

Price YTM
Instrumen Jatuh Tempo Kupon
Bid Offer Bid Offer
FR0104 Jul 15, 2030 6,500% 98,61 99,21 6,775% 6,715%
FR0103 Jul 15, 2035 6,750% 97,85 98,45 7,034% 6,974%
FR0106 Agu 15, 2040 7,130% 100,72 101,32 7,044% 6,984%
FR0107 Agu 15, 2045 7,130% 99,97 100,57 7,129% 7,069%
April 8, 2025

SBSN Ritel

Seri ST014T2 ST014T4


Imbal Hasil 6.50% p.a. 6.60% p.a.
Tenor 2 Tahun 4 Tahun
Jatuh Tempo 10 April 2027 10 April 2029
Min. Pembelian IDR 1 Juta dan Kelipatan IDR 1 Juta
Maks. Pembelian IDR 5 Miliar IDR 10 Miliar

Bond Inventory*
Instrumen Jatuh Tempo Kupon Offer Price YTM Available Size Rating
HEAL01BCN2 15-Jul-27 6,750% 98,25 6,838% IDR 5 Bio idAA
PPAP02B 8-Jul-27 7,800% 100,25 6,900% IDR 4 Bio AA-(idn)
INKP04BCN1 11-Jul-26 10,250% 101,65 7,958% IDR 2 Bio idA+
PPAP02A 8-Jul-25 7,000% 101,00 2,562% IDR 1 Bio AA-(idn)
INKP03BCN2 11-Okt-25 9,750% 102,25 4,668% IDR 1 Bio idA+
INKP01CCN3 11-Des-25 11,000% 104,25 4,004% IDR 1 Bio idA+
PPLN03DCN7 6-Mei-30 9,100% 106,25 6,847% IDR 1 Bio idAAA
LPPI02CCN2 6-Okt-28 11,000% 100,25 9,810% IDR 1 Bio idA
MEDC05BCN2 13-Feb-29 7,900% 100,25 7,046% IDR 1 Bio idAA-
MEDC04BCN2 23-Nov-26 8,500% 101,25 6,915% IDR 1 Bio idAA-
TOBA01A 3-Mar-26 8,800% 102,25 5,534% IDR 750 Jt idA
SRAJ01A 7-Okt-25 9,750% 101,75 5,466% IDR 650 Jt idA
KAII01ACN1 5-Agu-27 7,100% 102,75 5,248% IDR 500 Jt idAAA
ADHI03CCN3 24-Mei-29 10,200% 100,25 9,117% IDR 400 Jt idA-
INKP03CCN2 11-Okt-27 10,250% 103,75 7,711% IDR 300 Jt idA+
OPPM03C 4-Nov-27 11,000% 105,25 7,835% IDR 300 Jt idA+
OPPM01BGNCN3 28-Mar-27 10,500% 101,75 8,532% IDR 250 Jt idA+
TUFI05BCN3 23-Feb-27 6,750% 99,35 6,419% IDR 100 Jt idAAA
PIDL03B 3-Jan-27 10,750% 104,25 7,269% IDR 100 Jt idA+
OPPM01CCN4 21-Mei-29 11,000% 103,25 9,028% IDR 20 Jt idA+
*) Obligasi yang tersedia di inventori Mandiri Sekuritas

Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]
April 8, 2025

Government Bonds (IDR)


sorted by highest bid YTM
Price (%) YTM (%)
Seri Jatuh Tempo Kupon
Bid Offer Bid Offer
Obligasi Negara Ritel
ORI025T6 Feb 15, 2030 6,400% 97,69 98,79 6,949 6,686
ORI024T6 Okt 15, 2029 6,350% 97,58 99,30 6,966 6,527
ORI026T6 Okt 15, 2030 6,400% 98,02 99,41 6,824 6,525
ORI025T3 Feb 15, 2027 6,250% 98,66 99,74 7,008 6,396
ORI026T3 Okt 15, 2027 6,300% 99,08 100,20 6,696 6,214
ORI023T6 Jul 15, 2029 6,100% 97,94 99,62 6,644 6,200
ORI023T3 Jul 15, 2026 5,900% 98,67 99,71 6,981 6,134
ORI024T3 Okt 15, 2026 6,100% 99,19 100,64 6,666 5,656
ORI022 Okt 15, 2025 5,950% 99,41 100,37 7,178 5,184
Sukuk Ritel
SR018T5 Mar 10, 2028 6,400% 98,65 99,75 6,902 6,492
SR019T5 Sep 10, 2028 6,100% 98,19 99,06 6,681 6,401
SR020T5 Mar 10, 2029 6,400% 98,86 100,18 6,725 6,349
SR021T5 Sep 10, 2029 6,450% 98,86 100,18 6,725 6,349
SR019T3 Sep 10, 2026 5,950% 98,69 99,54 6,902 6,283
SR020T3 Mar 10, 2027 6,300% 99,07 100,15 6,809 6,218
SR021T3 Sep 10, 2027 6,350% 99,07 100,15 6,809 6,218
SR018T3 Mar 10, 2026 6,250% 99,20 100,16 7,136 6,074
SR017 Sep 10, 2025 5,900% 99,41 100,32 7,292 5,149
Fixed Rate
FR0067 Feb 15, 2044 8,750% 114,36 116,20 7,463 7,311
FR0050 Jul 15, 2038 10,500% 127,15 128,93 7,469 7,296
FR0057 Mei 15, 2041 9,500% 120,89 122,64 7,444 7,289
FR0072 Mei 15, 2036 8,250% 106,99 107,82 7,372 7,271
FR0045 Mei 15, 2037 9,750% 119,68 121,31 7,417 7,243
FR0083 Apr 15, 2040 7,500% 102,36 103,33 7,259 7,162
FR0076 Mei 15, 2048 7,380% 101,19 102,86 7,281 7,151
FR0079 Apr 15, 2039 8,380% 110,23 111,62 7,283 7,143
FR0092 Jun 15, 2042 7,130% 98,64 99,81 7,252 7,143
FR0075 Mei 15, 2038 7,500% 102,13 103,34 7,262 7,130
FR0097 Jun 15, 2043 7,130% 99,23 100,23 7,194 7,104
FR0080 Jun 15, 2035 7,500% 102,17 103,23 7,212 7,073
FR0068 Mar 15, 2034 8,380% 107,85 109,01 7,225 7,063
FR0062 Apr 15, 2042 6,380% 90,86 92,64 7,235 7,061
FR0107 Agu 15, 2045 7,130% 99,85 100,92 7,138 7,048
FR0098 Jun 15, 2038 7,130% 99,15 100,82 7,219 7,035
FR0105 Jul 15, 2064 6,880% 96,57 97,83 7,083 7,005
FR0088 Jun 15, 2036 6,250% 92,79 93,88 7,143 7,004
FR0102 Jul 15, 2054 6,880% 96,39 98,24 7,125 6,996
FR0106 Agu 15, 2040 7,130% 100,23 101,32 7,102 6,994
FR0089 Agu 15, 2051 6,880% 96,26 98,38 7,149 6,992
FR0074 Agu 15, 2032 7,500% 101,93 103,03 7,172 6,988
FR0073 Mei 15, 2031 8,750% 108,28 108,97 7,117 6,987
FR0096 Feb 15, 2033 7,000% 99,11 100,21 7,143 6,966
FR0093 Jul 15, 2037 6,380% 93,30 94,90 7,153 6,962
FR0058 Jun 15, 2032 8,250% 106,43 107,50 7,139 6,960
FR0065 Mei 15, 2033 6,630% 96,95 98,06 7,104 6,928
FR0103 Jul 15, 2035 6,750% 97,96 98,81 7,017 6,905
FR0100 Feb 15, 2034 6,630% 97,03 98,08 7,060 6,905
FR0054 Jul 15, 2031 9,500% 112,05 113,89 7,173 6,840
FR0085 Apr 15, 2031 7,750% 103,60 104,66 7,034 6,828
Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]
April 8, 2025

FR0091 Apr 15, 2032 6,380% 96,64 97,45 6,964 6,820


FR0052 Agu 15, 2030 10,500% 115,88 116,95 7,019 6,802
FR0082 Sep 15, 2030 7,000% 100,38 101,30 6,918 6,721
FR0087 Feb 15, 2031 6,500% 98,14 99,01 6,877 6,700
FR0078 Mei 15, 2029 8,250% 104,86 105,81 6,914 6,660
FR0104 Jul 15, 2030 6,500% 98,43 99,37 6,848 6,639
FR0071 Mar 15, 2029 9,000% 107,36 108,38 6,902 6,623
FR0101 Apr 15, 2029 6,875% 100,14 101,14 6,836 6,558
FR0094 Jan 15, 2028 5,600% 96,37 97,54 7,019 6,556
FR0064 Mei 15, 2028 6,130% 98,20 98,81 6,758 6,542
FR0042 Jul 15, 2027 10,250% 106,89 108,06 7,013 6,484
FR0059 Mei 15, 2027 7,000% 100,30 101,07 6,849 6,463
FR0095 Agu 15, 2028 6,380% 98,84 99,83 6,755 6,430
FR0047 Feb 15, 2028 10,000% 108,16 109,50 6,902 6,416
FR0090 Apr 15, 2027 5,130% 96,80 97,79 6,797 6,274
FR0099 Jan 15, 2029 6,400% 99,20 100,47 6,636 6,262
FR0037 Sep 15, 2026 12,000% 106,90 108,22 7,026 6,112
FR0056 Sep 15, 2026 8,380% 102,13 103,20 6,842 6,083
FR0084 Feb 15, 2026 7,250% 100,09 101,01 7,143 6,058
FR0086 Apr 15, 2026 5,500% 98,61 99,50 6,893 5,999
FR0040 Sep 15, 2025 11,000% 101,59 102,34 7,364 5,669
FR0081 Jun 15, 2025 6,500% 99,62 100,35 8,528 4,639

Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]
April 8, 2025

USD Corporate Bonds


Price (%) YTM (%)
Instrument Issuer Maturity Coupon Rating
Bid Offer Bid Offer
INDYIJ 8.75 29 INDIKA ENERGY 7-May-29 8,750% 85,08 86,04 13,351 13,033
GARUDA 6.5 31 GARUDA ID GLOBAL SUKUK 29-Dec-31 6,500% 66,95 69,63 13,655 12,971 BBB-
MEDCIJ 7.375 26 MEDCO OAK TREE PTE LTD 14-May-26 7,375% 94,12 94,77 13,037 12,394 B3
BUMAIJ 7.75 26 BUKIT MAKMUR MANDIRI UT. 10-Feb-26 7,750% 96,64 97,54 11,877 10,758
MEDCIJ 8.96 29 MEDCO MAPLE TREE 27-Apr-29 8,960% 93,87 95,02 10,782 10,431
MEDCIJ 6.95 28 MEDCO LAUREL TREE 12-Nov-28 6,950% 89,35 90,35 10,449 10,104 BBB-
JPFAIJ 5.375 26 JAPFA COMFEED TBK PT 23-Mar-26 5,375% 95,05 95,86 10,747 9,849 B+
MEDCIJ 6.375 27 MEDCO BELL PTE LTD 30-Jan-27 6,375% 93,69 94,52 10,126 9,619 BBB-
PTSMGP 7.75 31 SORIK MARAPI GEOTHERMAL 5-Aug-31 7,750% 91,63 92,45 9,450 9,277
PWONIJ 4.875 28 PT PAKUWON JATI 29-Apr-28 4,875% 89,62 90,49 8,670 8,336 B+
LMRTSP 7.5 26 LMIRT CAPITAL PTE LTD 9-Feb-26 7,500% 98,19 99,58 9,710 8,009 CCC-
TBIGIJ 2.75 26 TOWER BERSAMA INFR 20-Jan-26 2,750% 95,39 96,55 8,734 7,202 BBB-
STAREN 6.75 33 STAR ENERGY GEOTHERMAL 24-Apr-33 6,750% 97,76 98,75 7,104 6,947 BBB-
GERSP 8.5 27 TOWER BERSAMA INFR 28-Nov-27 8,500% 103,09 104,58 7,203 6,591 CCC+
FRIDPT 6.2 52 FREEPORT INDONESIA PT 14-Apr-52 6,200% 92,85 94,45 6,700 6,585 BBB-
ICBPIJ 4.745 51 INDOFOOD CBP 9-Jun-51 4,745% 75,72 77,40 6,441 6,309 BBB-
ICBPIJ 4.805 52 INDOFOOD CBP 27-Apr-52 4,805% 76,46 77,94 6,418 6,304 BB-
TBIGIJ 2.8 27 TOWER BERSAMA INFR 2-May-27 2,800% 92,44 93,24 6,661 6,238 B+
FRIDPT 5.315 32 FREEPORT INDONESIA PT 14-Apr-32 5,315% 96,06 97,26 5,986 5,779 BBB-
STENGE 4.85 38 STAR ENERGY CO ISSUE 14-Oct-38 4,850% 89,95 91,14 5,880 5,753 BBB-
ICBPIJ 3.541 32 INDOFOOD CBP 27-Apr-32 3,541% 86,86 87,81 5,755 5,585 BB-
ICBPIJ 3.398 31 INDOFOOD CBP 9-Jun-31 3,398% 87,75 88,71 5,705 5,513 -
CIKLIS 4.95 26 CIKARANG LISTRINDO PT 14-Sep-26 4,950% 98,68 99,36 5,896 5,407 B-
FRIDPT 4.763 27 FREEPORT INDONESIA PT 14-Apr-27 4,763% 98,64 99,45 5,465 5,046 BBB-
STENGE 3.25 29 STAR ENERGY CO ISSUE 14-Apr-29 3,250% 94,35 95,06 4,771 4,575 BBB-

Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]
April 8, 2025

USD SOE Bonds


Price (%) YTM (%)
Instrument Issuer Maturity Coupon Rating
Bid Offer Bid Offer
BBNIIJ 4.3 PERP BANK NEGARA INDONESIA Perpetual 4,300% 94,20 94,80 10,402 9,754 BBB
IIFPTN 1.5 26 INDONESIA INFRASTRUCTURE 27-Jan-26 1,500% 94,39 95,21 8,611 7,546 BBB-
LLPLCA 6.875 39 LLPL CAPITAL PTE LTD 4-Feb-39 6,880% 97,15 98,27 7,180 7,059 BBB-
IDASAL 6.757 48 INDO ASAHAN/MINERAL IND 15-Nov-48 6,760% 99,68 101,06 6,781 6,677 BBB
PLNIJ 6.25 49 PERUSAHAAN LISTRIK NEGARA 25-Jan-49 6,250% 93,86 94,90 6,710 6,630 BBB-
PLNIJ 6.15 48 PERUSAHAAN LISTRIK NEGARA 21-May-48 6,150% 92,66 94,19 6,709 6,589 BBB
PLNIJ 5.25 42 PERUSAHAAN LISTRIK NEGARA 24-Oct-42 5,250% 84,02 85,32 6,685 6,559 BBB
PLNIJ 5.25 47 PERUSAHAAN LISTRIK NEGARA 15-May-47 5,250% 81,95 83,58 6,656 6,517 BBB
IDASAL 5.8 50 INDO ASAHAN/MINERAL IND 15-May-50 5,800% 88,91 90,24 6,602 6,500 BBB
MINCAP 5.625 37 MINEJESA CAPITAL BV 10-Aug-37 5,630% 90,86 92,43 6,659 6,475 BBB
PLNIJ 4.875 49 PERUSAHAAN LISTRIK NEGARA 17-Jul-49 4,880% 77,00 78,25 6,564 6,461 BBB
PERTIJ 6.5 48 PT PERTAMINA (PERSERO) 7-Nov-48 6,500% 99,84 101,16 6,512 6,414 BBB
PERTIJ 6.45 44 PT PERTAMINA (PERSERO) 30-May-44 6,450% 99,58 101,01 6,485 6,366 BBB
PLNIJ 4.375 50 PERUSAHAAN LISTRIK NEGARA 5-Feb-50 4,380% 71,01 72,22 6,463 6,361 BBB
PERTIJ 6 42 PT PERTAMINA (PERSERO) 3-May-42 6,000% 94,98 96,21 6,452 6,339 BBB
PERTIJ 6.5 41 PT PERTAMINA (PERSERO) 27-May-41 6,500% 100,55 101,75 6,449 6,338 BBB-
PERTIJ 5.625 43 PT PERTAMINA (PERSERO) 20-May-43 5,630% 90,61 92,07 6,438 6,307 BBB
PLNIJ 4 50 PERUSAHAAN LISTRIK NEGARA 30-Jun-50 4,000% 66,43 67,39 6,383 6,302 BBB-
PLBIIJ 5.375 45 PELABUHAN INDO PERSERO 5-May-45 5,380% 88,14 89,23 6,333 6,240 BBB
BBNIIJ 3.75 26 BANK NEGARA INDONESIA 30-Mar-26 3,750% 97,00 97,67 6,887 6,178 BBB
PERTIJ 4.7 49 PT PERTAMINA (PERSERO) 30-Jul-49 4,700% 78,52 79,82 6,241 6,137 BBB
PLNIJ 7.875 37 PERUSAHAAN LISTRIK NEGARA 29-Jun-37 7,880% 115,05 116,19 6,195 6,078 BBB
PERTIJ 4.175 50 PT PERTAMINA (PERSERO) 21-Jan-50 4,180% 71,71 72,99 6,173 6,069 BBB
BBNIIJ 5.28 29 BANK NEGARA INDONESIA 5-Apr-29 5,280% 98,58 99,68 5,671 5,368
IDASAL 5.45 30 INDO ASAHAN/MINERAL IND 15-May-30 5,450% 99,18 100,54 5,632 5,331 BBB
PLNIJ 3 30 PERUSAHAAN LISTRIK NEGARA 30-Jun-30 3,000% 88,69 89,57 5,441 5,240 BBB-
MINCAP 4.625 30 MINEJESA CAPITAL BV 10-Aug-30 4,630% 95,83 97,11 5,510 5,234 BBB
PLNIJ 3.875 29 PERUSAHAAN LISTRIK NEGARA 17-Jul-29 3,880% 93,90 94,75 5,448 5,223 BBB
PLNIJ 3.375 30 PERUSAHAAN LISTRIK NEGARA 5-Feb-30 3,380% 91,05 91,99 5,445 5,219 BBB
PLNIJ 5.375 29 PERUSAHAAN LISTRIK NEGARA 25-Jan-29 5,380% 99,75 100,55 5,447 5,218 BBB-
PERTIJ 2.3 31 PT PERTAMINA (PERSERO) 9-Feb-31 2,300% 84,43 85,54 5,344 5,110 BBB
PLNIJ 5.45 28 PERUSAHAAN LISTRIK NEGARA 21-May-28 5,450% 100,04 101,00 5,436 5,108 BBB
SMIPIJ 2.05 26 SARANA MULTI INFRASTRUKT 11-May-26 2,050% 95,50 96,72 6,261 5,100 BBB-
IDASAL 6.53 28 INDO ASAHAN/MINERAL IND 15-Nov-28 6,530% 103,48 104,76 5,473 5,094 BBB
HAKAIJ 3.75 30 HUTAMA KARYA PERSERO PT 11-May-30 3,750% 92,80 94,12 5,336 5,037 BBB
PERTIJ 3.1 30 PT PERTAMINA (PERSERO) 21-Jan-30 3,100% 90,62 91,76 5,278 5,002 BBB-
PGEOIJ 5.15 28 PERTAMINA GEOTHERMAL 27-Apr-28 5,150% 99,45 100,51 5,342 4,973
PLNIJ 4.125 27 PERUSAHAAN LISTRIK NEGARA 15-May-27 4,130% 97,62 98,32 5,305 4,955 BBB
PERTIJ 3.65 29 PT PERTAMINA (PERSERO) 30-Jul-29 3,650% 93,93 95,06 5,196 4,901 BBB
BMRIIJ 2 26 BANK MANDIRI PT 19-Apr-26 2,000% 96,79 97,50 5,156 4,449 BB
PERTIJ 1.4 26 PT PERTAMINA (PERSERO) 9-Feb-26 1,400% 96,55 97,48 5,541 4,411 BBB
BMRIIJ 5.5 26 BANK MANDIRI 4-Apr-26 5,500% 100,24 101,13 5,254 4,349

Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]
April 8, 2025

USD GOV Bonds


Price (%) YTM (%)
Instrument Maturity Coupon
Bid Offer Bid Offer
INDON 6.75 44 15-Jan-44 6,750% 109,23 110,71 5,989 5,873
INDON 5.65 53 11-Jan-53 5,650% 95,62 96,99 5,935 5,845
INDON 5.95 46 8-Jan-46 5,950% 99,91 101,39 5,957 5,843
INDOIS 5.5 54 2-Jul-54 5,500% 93,78 95,11 5,893 5,807
INDON 5.45 52 20-Sep-52 5,450% 93,43 94,86 5,879 5,783
INDON 5.25 47 8-Jan-47 5,250% 92,09 93,49 5,839 5,732
INDON 5.15 54 10-Sep-54 5,150% 89,58 90,94 5,801 5,712
INDON 5.1 54 10-Feb-54 5,100% 88,94 90,34 5,799 5,706
INDON 5.125 45 15-Jan-45 5,125% 91,33 92,80 5,809 5,689
INDON 5.35 49 11-Feb-49 5,350% 93,70 95,23 5,793 5,683
INDON 4.35 48 11-Jan-48 4,350% 79,98 81,44 5,797 5,681
INDON 5.25 42 17-Jan-42 5,250% 93,68 95,12 5,805 5,675
INDON 4.75 47 18-Jul-47 4,750% 86,12 87,58 5,764 5,650
INDON 4.625 43 15-Apr-43 4,625% 86,27 87,69 5,772 5,646
INDON 4.3 52 31-Mar-52 4,300% 77,96 79,35 5,737 5,636
INDON 7.75 38 17-Jan-38 7,750% 118,75 120,14 5,763 5,630
INDOIS 3.8 50 23-Jun-50 3,800% 71,58 73,05 5,725 5,610
INDON 3.7 49 30-Oct-49 3,700% 70,80 72,27 5,709 5,591
INDON 4.2 50 15-Oct-50 4,200% 77,67 79,16 5,700 5,588
INDON 6.625 37 17-Feb-37 6,625% 108,04 109,44 5,727 5,577
INDON 4.45 70 15-Apr-70 4,450% 76,13 77,65 5,647 5,561
INDON 8.5 35 12-Oct-35 8,500% 122,72 124,20 5,714 5,552
INDON 3.5 50 14-Feb-50 3,500% 68,48 69,96 5,639 5,520
INDOIS 3.55 51 9-Jun-51 3,550% 68,44 69,81 5,627 5,520
INDON 3.05 51 12-Mar-51 3,050% 61,95 63,34 5,553 5,441
INDON 3.2 61 23-Sep-61 3,200% 59,05 60,49 5,416 5,319
INDOIS 5.2 34 2-Jul-34 5,200% 98,05 99,13 5,461 5,316
INDON 4.75 34 10-Sep-34 4,750% 94,90 96,02 5,422 5,271
INDOIS 5.6 33 1-Nov-33 5,600% 101,31 102,41 5,414 5,259
INDON 4.7 34 10-Feb-34 4,700% 95,17 96,30 5,368 5,209
INDOIS 4.7 32 6-Jun-32 4,700% 96,18 97,28 5,327 5,144
INDON 4.65 32 20-Sep-32 4,650% 95,97 97,08 5,290 5,111
INDON 3.55 32 31-Mar-32 3,550% 90,01 91,15 5,222 5,022
INDOIS 2.55 31 9-Jun-31 2,550% 86,13 87,21 5,121 4,908
INDON 2.15 31 28-Jul-31 2,150% 83,90 85,01 5,076 4,858
INDON 1.85 31 12-Mar-31 1,850% 83,15 84,29 5,081 4,844
INDON 3.85 30 15-Oct-30 3,850% 94,07 95,20 5,067 4,829
INDOIS 2.8 30 23-Jun-30 2,800% 89,74 90,75 4,998 4,771
INDOIS 5.1 29 2-Jul-29 5,100% 100,40 101,41 4,997 4,738
INDON 2.85 30 14-Feb-30 2,850% 90,60 91,73 4,993 4,725
INDON 4.75 29 11-Feb-29 4,750% 99,21 100,33 4,972 4,658
INDOIS 4.45 29 20-Feb-29 4,450% 98,31 99,30 4,922 4,644
INDON 3.4 29 18-Sep-29 3,400% 93,74 94,93 4,942 4,642
INDOIS 5.4 28 1-Nov-28 5,400% 101,79 102,76 4,862 4,574
INDOIS 4.4 28 1-Mar-28 4,400% 98,83 99,80 4,826 4,473
INDON 3.5 28 11-Jan-28 3,500% 96,58 97,64 4,804 4,395
INDON 4.1 28 24-Apr-28 4,100% 98,06 99,15 4,774 4,394
INDON 3.85 27 18-Jul-27 3,850% 97,90 98,94 4,810 4,332
INDOIS 4.4 27 6-Jun-27 4,400% 99,12 100,19 4,823 4,309
INDON 4.15 27 20-Sep-27 4,150% 98,60 99,67 4,746 4,290
INDON 4.35 27 8-Jan-27 4,350% 99,10 100,14 4,878 4,268
INDOIS 4.15 27 29-Mar-27 4,150% 98,91 99,86 4,721 4,223
INDOIS 1.5 26 9-Jun-26 1,500% 96,25 97,19 4,751 3,924
INDOIS 4.55 26 29-Mar-26 4,550% 99,75 100,66 4,810 3,868
INDON 4.75 26 8-Jan-26 4,750% 99,81 100,72 5,003 3,794

Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]
April 8, 2025

Our Retail Sales


Untuk bantuan bertransaksi, silahkan menghubungi tim Sales kami di cabang terdekat Anda.

Yulius Kurniawan Head of Retail Sales & Distribution [email protected] 6221 526 3445
Rema Prostinaldo Yunanto Fixed Income Sales [email protected] 6221 526 3445
Ariffianto Priority Services [email protected] 6221 526 3445
Mochamad Aldies Sageri Priority Services [email protected] 6221 526 3445
Boy Triyono Jakarta – Menara Sudirman [email protected] 6221 5296 5678
Ali Basyarah Putra Bhayangkara Jakarta – Sudirman [email protected] 6221 526 3445

Ahmad Rayid Abidin Jakarta – Thamrin [email protected] 6221 526 3445

Ruwie Medan [email protected] 6261 8050 1825


Linawati Surabaya [email protected] 6231 535 7218
Maulidia Osviana Lampung [email protected] 62721 476 135
Aidil Idham Palembang [email protected] 62711 319 900
Ade Rakhmat Suryanto Bandung [email protected] 6222 426 5088
Yuri Ariadi Pontianak [email protected] 62561 582 293
Yogiswara Perdana Yogyakarta [email protected] 62274 560 596
Bagus Agung Ketut Sentana Bali [email protected] 6221 526 3445
Muhammad Alvin Ghaniya Makassar [email protected] 0411 361 5073
Care Center [email protected] 14032
Non Equity Product [email protected]

Disclaimer: price shown in this report may not reflect the exact price upon transaction and are subject to change and may vary based on market
conditions and other factors. Transaction starts from IDR 1 Bio for IDR transaction and start from USD 200K for USD transaction, except for
transaction with the availability size below the stated amount. Information shown for IPO Offering are subject to change. YTM shown are based on
each instrument’s fair value. For more information please contact [email protected]

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