PT BANK MANDIRI PERSERO AND SUBSIDIARIES
Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001
Expressed in millions of Rupiah, unless otherwise stated
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73
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25. SECURITIES ISSUED
a. By Type and Currency:
2002 2001
Rupiah: Mandiri
traveler’s cheques
240,139 116,808
Commercial papers
1 205
240,140 117,013
Foreign currency: Floating Rate Notes “FRNs” and Floating Rate
Certificates of Deposit “FRCDs” 1,226,150
3,243,240 Interbank call money
10,293 23,920
Trade facilities
- 12,675
1,236,443 3,279,835
Total 1,476,583
3,396,848 Less: Unamortized discount
2,342 3,345
1,474,241 3,393,503
Details of FRNs and FRCDs are as follows: December 31, 2002
_____________________________________________________________________________________________________________________________________________________________
Type Arranger
Maturity Date Tenor
Interest Nominal Amount
ISIN No.
month Rate US
Rupiah Per Annum
full amount equiv.
_____________________________________________________________________________________________________________________________________________________________
FRN BDN Merryl Lynch Securities,
Nov 10, 2005 120
2.2000 17,000,000
152,150 XS0061292263 Hongkong
FRN Eurobond Hongkong and Shanghai Banking Dec 13, 2006
60 7.3300
125,000,000 1,118,750
XS0139834534 Corporation Ltd., Hongkong
142,000,000 1,270,900
Less: Securities issued and held by Bank Mandiri and Subsidiaries 5,000,000
44,750 137,000,000
1,226,150 Less: Unamortized discount
261,771 2,342
136,738,229 1,223,808
Bank Mandiri has exercised put options for FRN BEII and FRN BDN on September 19 and November 14, 2002, respectively. With the exercise of the options, FRN BEII was fully redeemed at
its nominal amount of US130 million, while FRN BDN were partially redeemed up to US163 million out of US180 million nominal amount due to a “sweetener scheme” offered by the Bank.
Consequently, US1,343,000 full amount was paid to those investors who did not exercise their option rights and the amount is recorded as other liabilities as at December 31, 2002.
During 2002, the Bank settled its liabilities for securities issued amounting to US364,000,000 full amount.
PT BANK MANDIRI PERSERO AND SUBSIDIARIES
Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001
Expressed in millions of Rupiah, unless otherwise stated
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74
-
25. SECURITIES ISSUED Continued
Details of FRNs and FRCDs are as follows: December 31, 2001
_____________________________________________________________________________________________________________________________________________________________
Type Arranger
Maturity Date Tenor
Interest Nominal Amount
ISIN No.
month Rate US
Rupiah Per Annum
full amount equiv.
_____________________________________________________________________________________________________________________________________________________________
FRCD BEII West LB Asia Pacific Ltd.,
Apr 29, 2002 60
2.8600 20,000,000
208,000 XS0075737402 Singapore
FRCD BEII West LB Asia Pacific Ltd.,
Apr 29, 2002 60
2.8600 45,000,000
468,000 XS0075053024 Singapore
FRN Bapindo London Forfaiting,
May 17, 2002 84
3.2500 6,000,000
62,400 XS0057274648 Cyprus
FRN BEII Daiwa Securities Ltd.,
Sep 14, 2005 120
3.8625 130,000,000
1,352,000 XS0059737162 Hongkong
FRN BDN Merryl Lynch Securities,
Nov 10, 2005 120
2.7900 180,000,000
1,872,000 XS0061292263 Hongkong
FRN Eurobond Hongkong and Shanghai Banking Dec 13, 2006
60 7.8300
125,000,000 1,300,000
XS0139834534 Corporation Ltd., Hongkong
506,000,000 5,262,400
Less: Securities issued and held by Bank Mandiri and Subsidiaries 194,150,000
2,019,160 311,850,000
3,243,240 Less: Unamortized discount
321,635 3,345
311,528,365 3,239,895
26. FUND BORROWINGS
2002 2001
Rupiah: Bank Indonesia a
1,464,340 1,773,724
Bank Ekspor Indonesia b 1,940,392
1,759,183 Others
225,652 63,830
3,630,384 3,596,737
Foreign currencies: Bank Ekspor Indonesia b
1,441,681 1,176,402
Exchange Offer Loans c 8,308,195
11,437,225 Others d
279,276 1,993,869
10,029,152 14,607,496
13,659,536 18,204,233
The Bank has no fund borrowings from related parties.
