Bank DBS Indonesia Financial Conglomeration Supports Indonesian Infrastructure Growth through PT Sarana Multi Infrastuktur (Persero) Retail Bond Issuance | Bahasa
Indonesia, 05 Jun 2026 - Bank DBS Indonesia Financial conglomeration, PT Bank DBS Indonesia (“DBSI”) and PT DBS Vickers Sekuritas Indonesia (“DBSVI”) have successfully supported PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) in the issuance of Obligasi Keberlanjutan Berkelanjutan I Sarana Multi Infrastruktur Phase II Year 2026, marketed under the name Obligasi Ritel Infrastruktur PT Sarana Multi Infrastruktur (Persero) (“ORIS”), amounting to IDR 150 billion. In the transaction, DBSVI acted as one of the Joint Lead Underwriters and coordinated the overall bond issuance process, meanwhile DBSI acted as Securities Brokerage Intermediary Marketing Partner or Mitra Pemasaran Perantara Pedagang Efek (MPPE).
This transaction represents a landmark corporate bond offering dedicated to retail investors in Indonesia, reflecting growing demand for accessible and investment grade fixed income investment products. The successful issuance also underscores PT SMI's strong creditworthiness and the promising outlook for Indonesia's infrastructure sector, while reinforcing Bank DBS’ unwavering commitment to supporting the sustainable infrastructure development and the nation's long-term economic growth through innovative financing solutions.
President Director PT Bank DBS Indonesia Lim Chu Chong said, “We are incredibly proud to have partnered with PT SMI to support its financing initiatives as a trusted partner. This collaboration not only highlights Bank DBS Indonesia’s financial conglomeration but also enables us to provide comprehensive financial solutions and reflects our dedication in supporting Indonesia’s infrastructure development and economic growth through innovative financing solutions.”
PT SMI, a special mission vehicle under the Ministry of Finance focused on Indonesian infrastructure projects, successfully launched its first retail bond offering amid dynamic market conditions. This issuance was met with positive investor demand, reflecting market confidence in PT SMI’s strong fundamentals and strategic role in Indonesia’s infrastructure sector. The newly issued bonds received strong credit ratings of idAAA by Pefindo, reflecting PT SMI's robust financial health and critical role in Indonesia's infrastructure landscape, thus offering a compelling and expanding investment opportunity for the public to support infrastructure development.
Ad-interim President Director PT DBS Vickers Sekuritas Indonesia Andreas Oen said, “DBS Vickers Sekuritas Indonesia is honored to have worked closely with PT SMI across multiple successful bond issuances over the years, including this latest retail bond offering amid dynamic market conditions. The robust investor appetite for the bonds, underscores PT SMI's exemplary creditworthiness and the promising outlook for Indonesia's infrastructure sector.”
Corporate retail bonds, like PT SMI's ORIS, provide individual investors with an accessible avenue to participate in Indonesia's infrastructure development through investment grade fixed income instruments. For issuers, they represent a diversified funding source, tapping into a broader investor base and enhancing financial flexibility.
At the same time, DBS Bank Ltd. also acted as Sole Global Coordinator for PT SMI’s US$ 300 million global bond issuance. The transaction received international credit ratings of Baa2 from Moody’s and BBB from Fitch and was also met with strong investor demand and a robust order book, highlighting DBS Group’s integrated capabilities across both Indonesian Rupiah (IDR) and US Dollar (USD) denominated bonds issuances.
This latest collaboration with PT SMI is a continuation of a long-standing and strategic partnership between DBS Bank Ltd. and the state-owned entity. Over the years, Bank DBS Indonesia and DBS Vickers Sekuritas Indonesia has cultivated a deep relationship with PT SMI, supporting various financing initiatives including loans and debt capital markets transactions, aimed at accelerating Indonesia's infrastructure development and contributing to the nation's progress through tailored financial solutions and expertise. Some of the significant collaborations include:
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Operational Head Office, 13 Branch Offices, 14 Sub-Branch Offices, 32 ATMs spread across major cities and 2.861 active employees in 15 major cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
This transaction represents a landmark corporate bond offering dedicated to retail investors in Indonesia, reflecting growing demand for accessible and investment grade fixed income investment products. The successful issuance also underscores PT SMI's strong creditworthiness and the promising outlook for Indonesia's infrastructure sector, while reinforcing Bank DBS’ unwavering commitment to supporting the sustainable infrastructure development and the nation's long-term economic growth through innovative financing solutions.
President Director PT Bank DBS Indonesia Lim Chu Chong said, “We are incredibly proud to have partnered with PT SMI to support its financing initiatives as a trusted partner. This collaboration not only highlights Bank DBS Indonesia’s financial conglomeration but also enables us to provide comprehensive financial solutions and reflects our dedication in supporting Indonesia’s infrastructure development and economic growth through innovative financing solutions.”
PT SMI, a special mission vehicle under the Ministry of Finance focused on Indonesian infrastructure projects, successfully launched its first retail bond offering amid dynamic market conditions. This issuance was met with positive investor demand, reflecting market confidence in PT SMI’s strong fundamentals and strategic role in Indonesia’s infrastructure sector. The newly issued bonds received strong credit ratings of idAAA by Pefindo, reflecting PT SMI's robust financial health and critical role in Indonesia's infrastructure landscape, thus offering a compelling and expanding investment opportunity for the public to support infrastructure development.
Ad-interim President Director PT DBS Vickers Sekuritas Indonesia Andreas Oen said, “DBS Vickers Sekuritas Indonesia is honored to have worked closely with PT SMI across multiple successful bond issuances over the years, including this latest retail bond offering amid dynamic market conditions. The robust investor appetite for the bonds, underscores PT SMI's exemplary creditworthiness and the promising outlook for Indonesia's infrastructure sector.”
Corporate retail bonds, like PT SMI's ORIS, provide individual investors with an accessible avenue to participate in Indonesia's infrastructure development through investment grade fixed income instruments. For issuers, they represent a diversified funding source, tapping into a broader investor base and enhancing financial flexibility.
At the same time, DBS Bank Ltd. also acted as Sole Global Coordinator for PT SMI’s US$ 300 million global bond issuance. The transaction received international credit ratings of Baa2 from Moody’s and BBB from Fitch and was also met with strong investor demand and a robust order book, highlighting DBS Group’s integrated capabilities across both Indonesian Rupiah (IDR) and US Dollar (USD) denominated bonds issuances.
This latest collaboration with PT SMI is a continuation of a long-standing and strategic partnership between DBS Bank Ltd. and the state-owned entity. Over the years, Bank DBS Indonesia and DBS Vickers Sekuritas Indonesia has cultivated a deep relationship with PT SMI, supporting various financing initiatives including loans and debt capital markets transactions, aimed at accelerating Indonesia's infrastructure development and contributing to the nation's progress through tailored financial solutions and expertise. Some of the significant collaborations include:
- Obligasi Berkelanjutan I Sarana Multi Infrastruktur phase I Year 2025.
- Obligasi Berkelanjutan IV Sarana Multi Infrastruktur phase II Year 2024.
- Obligasi Berkelanjutan III Sarana Multi Infrastruktur phase IV Year 2023.
- Obligasi Berkelanjutan II Sarana Multi Infrastruktur phase V Year 2020.
- Providing comprehensive financing support across bilateral and syndicated loans-including the US$600,000,000 Sustainability-Linked Facility Syndicated Loan closed in December 2025, where DBS Bank Ltd acted as one of the Mandated Lead Arrangers and Bookrunners and Bank DBS Indonesia acted as Facility Agent.
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Operational Head Office, 13 Branch Offices, 14 Sub-Branch Offices, 32 ATMs spread across major cities and 2.861 active employees in 15 major cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
DBS Group
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Awards
World's Best Bank 2025, 2018 - 2022
Euromoney, Global Finance, The Banker
Asia’s Safest Bank, 2009 – 2025
Global Finance
