PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
67
19. BONDS AND NOTES continued
b. MTN
Interest Interest
Issuance Maturity
payment rate
Notes Currency Principal
date date
period per annum
GSD-Series A Rp
220 November 14, 2014 November 14, 2019 Semi-annually 11
GSD-Series B Rp
120 March 6, 2015 March 6, 2020
Semi-annually 11
Based on Agreement of Issuance and Appointment of Monitoring and Insurance Agents of Medium Term Notes MTN PT Graha Sarana Duta year 2014 dated November 13, 2014 as covered by
notarial deed No. 30 of Arry Supratno, S.H., GSD will issue MTN with the principle amount up to Rp500 billion in series.
PT Mandiri Sekuritas act as the Arranger, Bank Mandiri as the Monitoring and Insurance Agent, and KSEI as Custodian. The Funds obtained from MTN are used for investment projects.
Trade receivables, inventories, land and building related with investment development funded by MTN that has owned or will be owned by GSD, have been pledged as collateral for MTN Notes 6, 7
and 10. Under to the agreement, GSD is required to comply with all covenants or restrictions including
maintaining financial ratios as follows : 1. Debt to equity ratio should not exceed 6.5:1
2. EBITDA to interest ratio should not be less than 1.2:1 3. Minimum current ratio is 120
4. Maximum leverage ratio is 450 As of June 30, 2015, GSD has complied with the above mentioned ratios.
c. Promissory Notes
Interest Interest
Principal Issuance
Payment payment
rate Supplier
Currency in billions date
schedule period
per annum
PT Huawei US
0.3 June 19, 2009
Semi-annually Semi-annually 6 month LIBOR+1,5
0.2 April 30, 2013
July 30,2015- July 30, 2016
ZTE US
0.1 August 20, 2009
a
Semi-annually Semi-annually 6 month LIBOR+1.5
August 4, 2015- February 4, 2017
a
based on the latest amendment on August 15, 2011
Based on Agreement of Frame Supply and Deferred Payment Arrangement between the Company and ZTE and PT Huawei, the promissory notes issued by the Company to each of ZTE and
PT Huawei are vendor financing facilities with no collateral covering 85 of Hand-over Report
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
68
20. BANK LOANS
June 30, 2015 December 31, 2014
Outstanding Outstanding
Original Original
currency Rupiah
currency Rupiah
Lenders Currency in millions
equivalent in millions equivalent
BNI Rp
- 5,898
- 2,195
BRI Rp
- 2,606
- 3,398
US 3
1 6
Bank Mandiri Rp
- 2,489
- 1,750
Syndication of banks Rp
- 2,050
- 2,200
The Bank of Tokyo-Mitsubishi- UFJ, Ltd.
Rp -
1,675 -
600 US
75 1,000
- 600
Bank ANZ Indonesia US
75 1,000
- -
Bank CIMB Niaga Rp
- 644
- 567
ABN Amro Bank N.V. Stockholm
