PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
85
26. SECURITIES ISSUED continued
April 30, 2003
Interest Nominal
Amount Type
Maturity Tenor
Rate US
Equivalent ISIN
No Arranger
date months Per Annum
full amount Rupiah
FRN BDN Merrill Lynch Securities,
Nov 10, 2005 120 2.05
17,000,000 147,483
XS0061292263 Hong Kong
FRN Eurobond Hong Kong and Shanghai Banking Dec 13, 2006
60 6.97
125,000,000 1,084,438
XS0139834534 Corporation Ltd., Hong Kong
Dec 13, 2004 Callable
Date 7MTN Credit
Suisse First
XS0167272375 Boston Europe Ltd., London,
Apr 22, 2008 60
7.00 302,993,466
2,628,620 UBS Hong Kong and
PT Mandiri Sekuritas 444,993,466
3,860,541 Less: Securities issued and held by Bank Mandiri and Subsidiaries
7,494,763 65,021
437,498,703 3,795,520
Less: Unamortized discount 1,778,369
15,428 435,720,334
3,780,092
On October 31, 2003, Bank Syariah Mandiri, a subsidiary, issued five-year Syariah bonds amounting to Rp200,000 which mature on October 31, 2008. The profit sharing is repayable every 3 months with
the first payment exercised on January 30, 2004. The profit sharing will be taken from the margin revenue of Bank Syariah Mandiri obtained from quarterly Murabhahah portfolio.
Bank Mandiri launched a Debt Issuance Program of Medium-Term Notes MTNs for an aggregate amount of US1,000,000,000 full amount on April 21, 2003, through its Cayman Islands branch.
Under the program, subject to compliance with all relevant laws and regulations, the Bank is allowed to issue the MTNs from time to time. The aggregate amount of the outstanding MTNs issued is not
allowed to exceed US1,000,000,000 full amount or equivalent in other foreign currencies at any one time. MTNs may be Senior Notes or Subordinated Notes and may mature on various tenors within
one month to 30 years. The notes may be either bearer notes or registered notes and sold in minimum nominal amounts of US1,000 full amount and have registered serial numbers. The notes
may be sold and offered on a discounted rate basis with zero-coupon bonds or fixed rate, floating rate, dual currency note provision or index-linked, depending on the series offered. The MTNs issued were
not guaranteed through personal and corporate guarantees or assets guarantees provided by Bank Mandiri. The initial listing and trading of the notes was on the Singapore Exchange Securities Trading
Ltd. During the first stage of the program, Bank Mandiri issued Senior Notes amounting to
US300,000,000 full amount at 99.482 with a coupon of 7.00 per annum and which mature on April 22, 2008. The US300 million MTNs are hedged with an interest rate swap instrument. The
MTNs are recognized at their fair value as adjusted by the hedging transaction, whose fair value adjustment as of June 30, 2004 amounted to US7,869,468 full amount or equivalent to Rp73,855
Note 12.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
86
26. SECURITIES ISSUED continued
