Product Information

The Government of the Republic of Indonesia is pleased to announce the issuance of Retail Government Bonds series ST015-T2 and ST015-T4, available during the offering period from 10 November to 3 December 2025.

ST015 is a government-issued bond designed exclusively for individual Indonesian citizens, offering a secure, accessible, and affordable investment opportunity that can be conveniently purchased online through D-Bank PRO. Issued under the theme “Pilihan Berharga, Untuk Wujudkan Pertumbuhan Berkelanjutan” ST015 provides attractive returns while enabling citizens to contribute to the national budget (APBN) and support Indonesia’s economic development.

The coupon is floating with a floor and paid monthly until maturity. There are two series based on tenor:

  • ST015-T2: 2-year tenor
  • ST015-T4: 4-year tenor

Product Description

Product Detail
Series ST015 - T2 ST015 - T4
Offering Period 10 November – 3 December 2025
Settlement Date 10 December 2025
Maturity Date 10 November 2027 10 November 2029
Minimum Order IDR 1.000.000
Order Increment IDR 1.000.000
Maximum Order per Customer IDR 5.000.000.000 IDR 10.000.000.000
Coupon Type Floating with Floor
Coupon Rate 5.20% gross per annum 
(BI rate + 45 bps)		 5.45% gross per annum 
(BI rate + 45 bps)
First Coupon Payment Date 10 January 2026 (Normal coupon*)
Coupon Payment Frequency Monthly on the 10th
Primary Market Price At Par – 100
Tradability Non Tradable
Customers Criteria Individual Indonesian Citizens
Order Method Online via D-Bank PRO
Early Redemption Period 26 October - 3 November 2026 25 October - 3 November 2027
*Normal coupon indicates that the first coupon payment covers 1 month period coupon

 

Product Information Memorandum can be accessed on link below:

Program Cashback ST015

Program Cashback ST015

Program Mechanism
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  1. Customers eligible for cashback rewards are those who purchase ST015 IPO during the program period with a minimum placement as specified on terms and condition.
  2. Customers must read and agree to the terms and conditions of the transaction and the Ministry of Finance’s Product Information Memorandum. By agreeing to the program terms and conditions on D-Bank PRO, customers confirm their participation.
  3. Orders must be placed online via D-Bank PRO and marked as “completed order” (payment confirmed).

Reward Program Conditions
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  1. Cashback Reward Program for ST015 IPO

    1. Customers who are eligible to receive cashback rewards are those who make purchases of ST015 IPO with a minimum transaction amount of IDR 500,000,000 (five hundred million Rupiah) per transaction via D-Bank PRO during the program period.
    2. Furthermore, customers may receive both cashback and additional cashback if they meet the following conditions:
      Amount Transaction Cashback Additional Cashback
      Early Bird / Combined Program
      Minimum IDR 500,000,000 with
      IDR 500,000,000 increment       		0.10% of the transaction amount 0.05% of the transaction amount
    3. Customers eligible to receive additional cashback rewards are those who make ST015 IPO purchases under one of the following scheme options:
      1. Early Bird Scheme: Purchases made during the Early Bird period, from 10 - 17 November 2025.
      2. Combined Program Scheme: Customers must purchase ST015 IPO and must be eligible in the NTP Deal 2025 program, subject to the following conditions:
        • Participation in NTP Deal 2025 must happen within the ST015 IPO program period.
        • Only applicable to Mutual Fund NTP and Bonds NTP.
        • The nominal value of the NTP Deal 2025 program must be at least 25% of the total ST015 IPO purchase amount.
        • Additional cashback will only be applied to the ST015 IPO purchase.
        • Cashback for NTP Deal 2025 participation will follow the terms and conditions of the NTP Deal 2025 program.
        • Further information regarding the NTP Deal 2025 program can be found on the official website of Bank Danamon Indonesia (bdi.co.id/ntpdeal).
    4. Customers may choose only one of the two additional cashback scheme options as specified in above (Early Bird or Combined Program).
    5. Illustration of the ST015 IPO Cashback Program – Early Bird & Regular Period. During the program period, customers made the following ST015 IPO purchase transactions:
      Transaction
      Date      		 ST015 IPO Purchase
      Amount      		 Cashback Reward Remarks
      10 Nov 2025 IDR 800,000,000 IDR 500,000,000 x 0.15% = IDR 750,000 Early Bird Period
      11 Nov 2025 IDR 100,000,000 - No cashback awarded as the purchase amount did not meet the minimum transaction requirement
      20 Nov 2025 IDR 750,000,000 IDR 500,000,000 x 0.1% = IDR 500,000 Periode Regular
      Total Reward IDR 1,250,000

      Based on the illustration above, the customer received a standard cashback reward of IDR 1,000,000 (one million Rupiah) and an additional cashback reward of IDR 250,000 (two hundred fifty thousand Rupiah), resulting in a total cashback reward of IDR 1,250,000 (one million two hundred fifty thousand Rupiah).

    6. Illustration of the ST015 IPO Cashback Program - Combined with NTP Deal 2025.
      During the program period, customers made the following transactions:
      ST015 IPO Purchase
      Amount      		 NTP Deal
      Transaction Amount*      		 Cashback
      on ST015 IPO      		 Remarks
      IDR 250,000,000 IDR 125,000,000 - No cashback awarded as the ST015 purchase amount did not meet the minimum requirement for program participation
      IDR 500,000,000 IDR 100,000,000 IDR 500,000 No additional cashback awarded as the NTP Deal transaction amount did not reach 25% of the ST015 IPO purchase
      IDR 500,000,000 IDR 125,000,000 IDR 750,000 Eligible for combined cashback
      IDR 1,000,000,000 IDR 250,000,000 IDR 1,500,000 Eligible for combined cashback
      *Eligibility for NTP Deal 2025 applies to purchases of Mutual Funds and Secondary Bonds under the NTP product category.

  2. ST015 IPO Cross-Sell Program

    1. Customers eligible for the Cross-Sell Program are those who have made ST015 IPO purchases totaling a minimum of IDR 1,000,000,000 (one billion Rupiah) during the program period, and who also invest in qualifying cross-sell products, as detailed below:
      ST015 IPO Purchase
      Minimum Amount      		 Cross-Sell Product Minimum Transaction
      Amount      		 Additional Cashback
      per Product
      ≥ IDR 1,000,000,000 Mutual Funds ≥IDR 100,000,000 IDR 1,000,000
      Secondary Bonds ≥IDR 100,000,000
      Foreign Exchange (FX) ≥IDR 100,000,000
      Structured Product MLD ≥ USD 10.000 / AUD 10.000 / SGD 10.000 / EUR 10.000 / GBP 10.000
      DCI ≥IDR 100,000,000
      1. Cross-Sell transactions must be conducted during the program period.
      2. Customers are entitled to receive additional cashback rewards for investments in Cross-Sell products, with a maximum of four (4) eligible investment products (Mutual Funds, Secondary Bonds, FX, or Structured Products) during the program period.
      3. The minimum purchase amount for each Cross-Sell product must be fulfilled in a single transaction. Accumulated transactions do not qualify.
      4. If the Cross-Sell investment is made in a foreign currency, the minimum transaction amount will be calculated using the exchange rate applicable in Bank Danamon’s system at the time of the transaction.
      5. Terms and conditions apply to the purchase of Cross-Sell products, as outlined in the respective product guidelines as below table:
        Product Type Conditions
        Mutual Funds
        1. Transactions must incur a minimum fee of 1%.
        2. Excludes: (i) money market mutual funds and (ii) Danamon Regular Investment Plan (DRIP).
        Secondary Bonds
        1. Transactions must incur a minimum fee of 1%.
        2. Excludes purchases of retail bonds in the primary market.
        Foreign Exchange (FX) Minimum investment amount is calculated using the prevailing exchange rate in Bank Danamon’s system at the time of transaction.
        Structured Product
        1. Only applicable for transactions with a minimum fee of 1.5% per annum and a tenor of 6 months.
        2. Only applicable for transactions with a minimum service fee of 3% per annum and a tenor of 1 month.

    2. Illustration of the ST015 IPO Cashback Program – Cross-Sell Scheme.
      A customer makes an ST015 IPO purchase of IDR 1,000,000,000 (one billion Rupiah) and invests in eligible Cross-Sell products in accordance with the program terms and conditions:

      Case IPO Transaction Cross Sell Transaction Cashback Reward
      Period Amount Cross Sell
      Product
      		 Minimum Cross-Sell
      per Product      		 IPO Cross Sell Total
      1 Early Bird IDR 1,000,000,000 1 Cross Sell Product Mutual Funds / Secondary Bonds / FX/ DCI*:
      ≥IDR 100,000,000

      MLD*:
      USD 10.000 / AUD  10.000 / SGD 10.000 / EUR  10.000 / GBP 10.000       		IDR 1,500,000 IDR 1,000,000 IDR 2,500,000
      2 Early Bird IDR 1,000,000,000 2 Cross Sell Product IDR 1,500,000 IDR 2,000,000 IDR 3,500,000
      3 Early Bird IDR 1,000,000,000 3 Cross Sell Product IDR 1,500,000 IDR 3,000,000 IDR 4,500,000
      4 Early Bird IDR 1,000,000,000 4 Cross Sell Product IDR 1,500,000 IDR 4,000,000 IDR 5,500,000
      5 Non-Early Bird IDR 1,000,000,000 1 Cross Sell Product IDR 1,500,000 IDR 1,000,000 IDR 2,000,000
      6 Non-Early Bird IDR 1,000,000,000 2 Cross Sell Product IDR 1,500,000 IDR 2,000,000 IDR 3,000,000
      7 Non-Early Bird IDR 1,000,000,000 3 Cross Sell Product IDR 1,500,000 IDR 3,000,000 IDR 4,000,000
      8 Non-Early Bird IDR 1,000,000,000 4 Cross Sell Product IDR 1,500,000 IDR 4,000,000 IDR 5,000,000
      *MLD and DCI are considered part of the same product category (Structured Products) and therefore cashback can only be claimed once for either.

  3. Other Terms and Conditions

    1. Customers cannot claim rewards from more than one program for the same transaction.
      Example:
      If a customer participates in both the NTP Deal 2025 and the ST015 IPO Cross-Sell Program, the cashback reward will only be credited for the program offering the higher cashback value.
    2. Cashback rewards will be credited to the account used by the customer to purchase ST015.
    3. Customers are fully responsible for any applicable tax obligations related to the cashback received, in accordance with prevailing tax regulations in Indonesia.
    4. Cashback will be disbursed no later than 45 business days after the settlement of ST015, based on the schedule provided by the Ministry of Finance and subject to successful transaction completion and recording in Bank Danamon’s system.

Transaction Process

  1. Customer has a CASA account at Bank Danamon, and must ensure there are sufficient funds to purchase Retail SBN.
  2. The customer has a Single Investor Identification (SID) for Bonds, Bank Danamon will assist the customer to create a SID in the event that the customer does not yet have a SID.
  3. The customer registers ESBN online through the D-Bank Pro application.
  4. Place an order for Retail SBN through the D-Bank Pro application.
  5. Payment of Retail SBN through the D-Bank Pro application.

Reminder

Customers should be cautious of fraudulent activities by individuals posing as Bank Danamon representatives and promising rewards in any form. Any fraudulent or criminal acts committed by third parties in connection with this Program are beyond the Bank’s authority.

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D-Bank PRO #SelaluMenggoda

From transaction to daily financial management, find the right solution that captivates everyone from D-Bank PRO by Danamon!

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