PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
85
29. SUBORDINATED LOANS continued
Two-Step Loans TSL continued b Export-Import Bank of Japan EBJ continued
The interest rate on the credit facilities from EBJ-TSL IV is based on the floating interest rate determined every six months based on the prevailing average interest rate for the past six months for
three-month Certificates of Bank Indonesia, which should not be higher than the six-months’ average interest rate for three-month time deposits in five 5 state-owned banks. The Bank has fully repaid the
credit facilities on January 15, 2007.
c Asian Development Bank ADB This account represents credit facilities from the ADB through the Government of the Republic of
Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows:
Credit Facility Purpose
Repayment Period ADB 1327-INO SF
To finance Micro Credit Projects. January 15, 2005 - July 15, 2029 with
1
st
installment on January 15, 2005. ADB Perkebunan Nusantara XII
and Nescoco Inti To finance government projects in
funding credit for plantation projects. February 15, 1989 - September 15,
2008 with 1
st
installment on March 15, 1995.
The details of credit facilities from Asian Development Bank ADB are as follows:
2007 2006
a ADB Loan 1327 - INO 203,864
200,797 b ADB Perkebunan Nusantara XII and Nescoco Inti
688 1,378
204,552 202,175
The Ministry of Finance of the Republic of Indonesia had issued letter No. S-596MK.62004 dated July 12, 2004, which approved the transfer of Micro Project Loan of ADB No. 1327-INO SF from
Bank Indonesia to Bank Mandiri. With the transfer approval, an amendment was made on channeling loan No. SLA-805DP31995 dated April 27, 1995, which was revised by amendment No. AMA-
287SLA-805DP32003 dated April 22, 2003, from the Republic of Indonesia and Bank Indonesia to the Republic of Indonesia and PT Bank Mandiri Persero Tbk., under No. AMA-298SLA-
805DP32004 dated July 16, 2004. The ADB Loans for Micro Credit Projects was extended in SDR Special Drawing Rights for
SDR15,872,600.44 full amount which is repayable by Bank Mandiri in SDR to the Government in fifty semi-annual equal installments every January 15 and July 15, with the first installment to be paid
on January 15, 2005 and the last on July 15, 2029. The ADB loans are subject to a service charge of 1.50 per annum every January 15 and July 15 starting from the drawdown of the loans.
The annual interest rates on the ADB Perkebunan Nusantara XII and ADB Nescoco Inti facilities are 9.50 per annum and 10.00 per annum, respectively.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
86
29. SUBORDINATED LOANS continued
