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
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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.
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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75
-
26. FUND BORROWINGS Continued
a Bank Indonesia
This account represents credit facilities obtained from Bank Indonesia which are re-loaned to Bank Mandiri customers. These facilities are subject to interest at rates ranging from 3 to
10 per annum. The details of this account are as follows:
2002 2001
Rupiah: Investment Loans KI
510,814 802,569
Small-Scale Working Capital Loans KUK - KKPA
530,445 496,811
Small-Scale Investment
Loans KIK 423,031
474,276 Working Capital Loans KMK
50 68
1,464,340 1,773,724
Fund borrowings from Bank Indonesia will mature on various dates, the latest being in 2017. b Bank Ekspor Indonesia
This account represents credit facilities for export working capital obtained from Bank Ekspor Indonesia based on the facility agreement No. 064PPF122000 dated December 12, 2000
between PT Bank Ekspor Indonesia Persero and Bank Mandiri. The agreement is for the period from December 20, 2000 until December 19, 2001, and was extended to December 19,
2003. The facilities were re-loaned to Bank Mandiri customers and bear interest at market rates.
c Exchange Offer
Loans In accordance with the Government’s debt restructuring program for banks, Bank Mandiri
exchanged certain non-Rupiah denominated obligations obtained from foreign banks for new borrowings with extended maturities, and guaranteed by Bank Indonesia pursuant to the
exchange offer memorandum in the Master Loan Agreement as follows:
2002 2001
US Rp
US Rp
in full amount Equivalent
in full amount Equivalent
Exchange Offer Loan I -
- 54,492,165
566,806 Exchange Offer Loan II 928,290,000
8,308,195 1,045,154,863
10,870,419 928,290,000
8,308,195 1,099,647,028
11,437,225
Exchange Offer Loan I with original maturities before April 1, 1999 was due and fully repaid in 2002. Exchange Offer Loan II with original maturities before January 1, 2002 will mature in
four 4 tranches every June 1 from 2002 to 2005. These borrowings bear interest calculated every six months equal to six months’ LIBOR for the period plus an applicable margin
determined for each maturity period.
