Interest among Indonesians in investing in ORI Bonds or retail bonds in 2025 has increased significantly. This aligns with the growing demand for safe investment instruments that are easy to access digitally.
ORI offers an investment solution with monthly returns, low risk, and full payment guarantees from the government.
Now, with the convenience of online purchasing and massive promotions from the government and distribution partners, ORI has become a favorite among both beginner and professional investors.
ORI Bond Trends in 2025
Here is a summary of the key trend factors of ORI in 2025 that you should understand before investing:
Performance of ORI in Previous Years
According to data from the Ministry of Finance of the Republic of Indonesia, ORI performance in recent years has shown strong appeal among investors.
In 2024, for example, the ORI025-T3 series offered a coupon of 6.25% per year, while ORI025-T6 offered 6.4% per year the highest in the past three years.
ORI sales always achieved government targets and even dominated Indonesian investors’ portfolios across generations. Millennials and Gen Z became the dominant investor group, accounting for more than 40% in 2024 and 2025.
In 2025, the ORI027 series was marketed earlier in the year, followed by ORI028 on 29 September–23 October 2025 with coupon rates ranging from 5.35% to 5.65%.
The offering ran for 25 days and was distributed via more than 30 online distribution partners.
Influence of Interest Rates and Inflation
External factors that strongly influence ORI trends include changes in global interest rates and national inflation. Throughout the second half of 2024 and early 2025, many analysts predicted that Bank Indonesia’s benchmark rate would begin to decline.
This makes ORI’s fixed-rate returns increasingly attractive compared to other instruments that adjust to market interest rates, such as Deposits and floating-rate sukuk.
In October 2025, the yield of the Indonesian 10-year government benchmark bond was around 6.10%, while ORI028 coupons remained between 5.35%–5.65%.
This encouraged a shift from Deposits to ORI Bonds among investors prioritizing fixed returns and capital safety.
Government Policies & Direction of Retail SBN Issuance
The Indonesian government has consistently promoted the issuance of Retail Government Securities (SBN) since 2019 on a regular basis.
The objective is to expand the domestic investor base and support the financing of the State Budget (APBN).
In 2025, the Ministry of Finance targeted the issuance of all retail SBN series ORI, Savings Sukuk, Retail Sukuk, and Retail Savings Bonds on a scheduled basis throughout the year, from January to December.
The issuance targets remain high due to APBN financing needs and increasing investor interest.
Digitalization and Ease of Purchase
One of the key drivers behind the rising interest in ORI investments in 2025 is digitalization through various online distribution platforms.
Investors can now purchase ORI through bank and securities applications or websites with fast verification processes. The minimum investment starts from Rp1 million up to Rp5 billion.
Potential Increase in Retail Investor Interest
Improving financial literacy and continuous education by the government and distribution partners also contribute to increased interest in ORI.
Digital promotions, successful investor testimonials, and social media strengthen ORI penetration among the younger generation and the growing middle class in many regions.
With declining interest rate trends and national economic stabilization, retail investor interest in ORI 2025 is expected to rise even further, making it a top choice in portfolio allocation.
Considerations Before Buying ORI 2025
Although the outlook is positive, purchasing ORI still requires thoughtful consideration to ensure alignment with your goals and profile.
1. Match It with Your Risk Profile
Investing in ORI is suitable for investors with a conservative to moderate risk profile, given its very low risk of default due to full government guarantees.
However, investors must still consider whether their liquidity needs and medium-term goals align with ORI’s typical tenors of 3 or 6 years.
2. Compare Returns with Other Instruments
Before purchasing ORI, compare its coupon and potential returns with other instruments such as Deposits, Fixed Income Mutual Funds, or Corporate Bonds.
For example, if ORI’s coupon in 2025 is around 6.7%, consider whether after taxes and liquidity needsit still provides a satisfactory return.
Remember, although the coupon is fixed, additional profit is possible if you sell ORI on the secondary market, depending on market conditions.
3. Understand ORI Tenor and Liquidity
ORI is tradable (can be bought and sold before maturity on the secondary market), although its price may fluctuate based on market conditions.
The Minimum Holding Period (MHP) for each series typically lasts one coupon period (about a month). After that, investors are free to trade in the secondary market but must still consider price risks and transaction costs.
4. Portfolio Allocation Strategy
Before buying ORI Bonds, investors must ensure the portfolio allocation strategy aligns with their needs.
ORI can complement other investment instruments such as Mutual Funds, stocks, or gold especially for maintaining cash flow stability and capital protection during high volatility.
Study the tenor and risks, then use ORI as a stable monthly passive income source. This is a smart choice amid low interest rate trends.
Digital Platforms for ORI Bonds
The trend of Retail Government Bonds (ORI) investment in 2025 shows a positive direction with rising public interest supported by government initiatives, digitalization, and economic stability.
Investors must pay attention to risk profiles, compare returns with other instruments, and understand ORI liquidity and tenors before investing.
With the right portfolio allocation strategy, ORI can become a primary choice for stable and profitable investment instruments maximizing passive income while maintaining capital protection in 2025.
For those who want to invest in Retail Government Bonds (ORI), rely on DBS Treasures priority banking. Through ORI, you will receive regular coupons paid periodically, providing a stable fixed income stream.
You also have the potential to earn capital gains if you sell ORI on the secondary market at the right time.
ORI coupon rates are competitive, even above average time-deposit interest rates. The entire investment process is convenient, with no additional transaction fees, and can be done anytime, 24 hours a day, through the DBS digibank Application.
Through this app, you can buy, sell, switch, and even complete your SID (Single Investor Identification) registration. You can also link ORI with various Mutual Funds from Fund Houses or Investment Managers across product categories.
You will also be supported by a team of financial experts who communicate curated market analysis and the latest opportunities tailored to your risk profile and portfolio needs, powered by Artificial Intelligence/Machine Learning (AI-ML). These insights are complemented by curated investment (Grow) and insurance (Protect) solutions, so you can invest quickly and confidently through your preferred channel.
With the support of DBS Treasures priority banking services, you can enjoy a safe, flexible, and premium investment experience.
This publication has been curated by the internal team of PT Bank DBS Indonesia (DBSI) and distributed by DBSI.
DBSI is licensed and supervised by the Indonesian Financial Services Authority (OJK). This publication does not constitute, and should not be regarded as, an offer, recommendation, and solicitation for you to purchase or conduct any transaction as described herein. It is also not intended to invite or permit any public offering for the purchase of, or participation in, any transaction in exchange for cash or any other form of benefit, and it should not be interpreted as such.
