PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
57
22. NOTES 2009
Medium-term Notes 30,000
Current maturities Note 20a 3,000
Long-term portion Note 20b 27,000
On June 9, 2009, Metra entered into an agreement with PT Bahana Securities acting as “Arranger” and Bank Mega acting as Trustee to issue Medium Term Notes “MTN” for a total principal amount
of Rp.50,000 million. PT Kustodian Sentral Efek Indonesia acting as Colecting Agent and Custodian. Proceeds from issuance of MTN were used to expand Metra’s business and as working capital.
MTN is scheduled to be issued maximum in 4 four phases in a maximum amount of Rp.50,000 million with repayment at the latest in 3 three years after the Issuance Date for each
phases. The first phase was issued for Rp.30,000 million, that will be mature on June 19, 2012.
Interest on MTN was payable quarterly beginning from the Issuance Date, through the Due Date. The MTN bear floating interest rates, for the first year of 15,05, for the second and third years of
highest average rate yield of 3 three Surat Utang Negara “SUN” that has a same remaining period of time, the same with the second and third years of MTN plus 4,02 premium. Repayment of
the principal for each 10, 20, and 70 on the first, second and the third anniversary of the issuance date, respectively.
Metra secures minimal 40 of the value of the payable principle MTN amount. Maximum 60 of the payable principle MTN amount is unsecured and at all times ranked pari passu with other
unsecured debts of the Metra. Metra may buy back all or part of the MTN at any time before the maturity date of the MTN.
BAsed on the agreements, Metra is required to comply with all covenants or restrictions including maintaining financial ratios as follows:
a. Debt to equity ration maximum 1,5:1 one comma five proportionate one b. EBITDA to Interest Ratio minimum 2.5.
As of 30 June 2009, Metra complied with the above mentioned ratios.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
58
23. BANK LOANS
