MARKETABLE SECURITIES ISSUED Employee benefit continued
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5100 27. FUND BORROWINGS continued
a The Government of the Republic of Indonesia This account represents fund borrowings obtained from the Government of the Republic of
Indonesia based on agreement No. KP-022DP32004 dated 14 May 2004 which was amended with
agreement No.
AMA-7KP-022DP32004 dated
15 December
2004 and
letter No. S-662PB.72005 dated 13 May 2005 and amendment agreement No. AMA-30KP-
022DP32006 dated 24 August 2006 and letter No. S-3207PB2008 dated 21 April 2008, each of them is regarding Amendment of Loan Agreement between the Government of the Republic of
Indonesia and PT Bank Mandiri Persero Tbk. No. KP-022DP32004 dated 14 May 2004 and the Approval of Amendment of Loan Agreement between the Government of the Republic of
Indonesia and Bank Mandiri in relation to the Credit Financing for Small and Micro Businesses. This borrowing is then lent by the Bank to small and micro businesses where the procedures,
arrangements and requirements of the re-lending program are outlined in the Decision Letter of Minister of Finance No. 40KMK.062003 dated 29 January 2003 regarding Credit Financing
Facilities for Small and Micro Businesses and amended with Decision Letter of Minister of Finance No. 74KMK.062004 dated 20 February 2004. This facility bears interest at 3-months SBI rate
which will be determined every three months on 10 March, 10 June, 10 September and 10 December based on the latest SBI auction rate. The Bank has made 5 five installment payments
with the first installment paid on 10 December 2007. For the remaining outstanding balance of Rp200,000, the installment payment will start in December 2017 and will mature in December
2019.
b PT Permodalan Nasional Madani Persero This account represents fund borrowing obtained from PT Permodalan Nasional Madani Persero
to Bank Mandiri and Bank Sinar Harapan Bali BSHB. The outstanding loan balance as at 31 December 2011 and 2010 for Bank Mandiri are Rp52,504 and Rp84,421, respectively, and for
BSHB are Rp16,902 and Rp10,635, respectively. These facilities bear interest rate at 7.00 per annum. The fund borrowing terms and payment schedule depend on the terms of the individual
loan agreement, the latest will mature in December 2013. Bank Mandiri then lent the proceeds to the members of Primary Cooperation Kredit Koperasi Primer kepada Anggotanya [KKPA].
c Bank Indonesia This account represents credit liquidity facility obtained from Bank Indonesia BI, which was then
lent to Bank Mandiri’s debtors under the Government Credit Program. The administration and monitoring of the credit facility are performed by PT Permodalan Nasional Madani Persero, a
state-owned company, based on Law No. 231999 dated 17 May 1999 regarding BI, BI Regulation No. 23PBI2000 dated 1 February 2000 and BI Regulation No. 520PBI2003 dated 17
September 2003 regarding the Hand-over of Management of Credit Liquidity of Bank Indonesia Under Credit Program. This facility is subject to interest at rates ranging from 3.75 to 7.00 per
annum and will mature on various dates up to 2013. The details of this account are as follows:
2011 2010
Small-Scale Investment Loans KIK 7,279
18,265 Loans to the Members of Primary Cooperation KKPA
- 8,856
7,279 27,121
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5101 27. FUND BORROWINGS continued
d Direct Off-shore Loans The details of direct off-shore loans are as follows:
2011 2010
Deutsche Bank AG, Singapore 2,720,250
- Standard Chartered Bank, Jakarta
906,750 -
Asian Development Bank - Tranche A
673,942 667,412
- Tranche B 270,118
267,248 Agence Française de Développement
221,824 269,195
Deutsche Bank International Asia Ltd, Singapore -
2,703,000 4,792,88 4
3,906,855
Deutsche Bank AG, Singapore
31 December 2011
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Standby Loan
Deutsche Bank AG
LIBOR 6 months
Singapore 23 June 2016
60 + certain margin 300,000,000 2,720,250
On 16 June 2011, the Bank obtained a loan facility from Deutsche Bank AG, Singapore of USD300.000.000 full amount with interest rate at a 6-month LIBOR plus a certain margin.
This loan facility has a tenor of 5 years and will mature on 23 June 2016. During the tenor of the loan facility, the Bank could drawdown and repay the outstanding loan at any time. On 27 June
2011, the Bank exercised the first drawdown on this loan facility amounting to USD100,000,000 full amount and subsequently on 28 September 2011 the Bank exercised the second drawdown
amounting to USD200,000,000 full amount. As at 31 December 2011, this loan facility is secured by Government Bonds VR0031 series with a nominal value of Rp4,297,228 Note 8c.
Standard Chartered Bank, Jakarta
31 December 2011
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Bilateral Loan
Standard Chartered Bank,
LIBOR 3 months
Jakarta 11 July 2016
60 + certain margin 100,000,000 906,750
On 4 July 2011, the Bank obtained a loan facility from Standard Chartered Bank, Jakarta for USD100.000.000 full amount with interest rate at a 3-months LIBOR plus a certain margin.
This loan facility has a tenor of 5 years and will mature on 11 July 2016. On 11 July 2011, the Bank has conducted drawdown on this loan facility amounting to USD100.000.000 full amount.
As at 31 December 2011, this loan facility is secured by Government Bonds VR0031 series with a nominal value of Rp1.074.788 Note 8c.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5102 27. FUND BORROWINGS continued