Loans from Government Others

BANK INDONESIA Notes to Financial Statements As at December 31, 2008 38

a. Syndicated Loans from Foreign Banks

Syndicated loans from foreign banks represent syndicated loans from international banks to Bank Indonesia on behalf of the Government for monetary reserve purposes. Syndicated loans consisted of: December 31, 2008 December 31, 2007 IDR million IDR million 1 Syndicated loans of 1994 1,938,772 2,148,914 2 Syndicated loans of 1995 5,486,137 4,565,080 7,424,909 6,713,994 1 Syndicated loans of 1994 Represents a syndicated loan from foreign creditors with Mitsubishi Securities, Hong Kong Branch as the agent, amounted to USD500,000,000.00, and was signed on March 28, 1994. Principal repayments are conducted semi annually on March and September. First principal repayment was settled on March 28, 2002 and the final repayment will be due on March 28, 2013. The interest rates are LIBOR + 0.625 for the first year and LIBOR + 0.875 for subsequent years. From the ceiling amount of USD500,000,000.00, the amount withdrawn was USD350,000,000.00. In order to comply with the comparability treatment principle adopted from the agreement of Paris Club I and Paris Club II, the syndicated loan principal has been rescheduled through the agreement of London Club I and II. In London Club I, the first amendment took place on March 28, 1999, i.e. to reschedule loan principal amounted to USD210,000,000.00 for the payment period of September 28, 2000 to March 29, 2009. Meanwhile in London Club II, the second amendment took place on September 28, 2000, i.e. to reschedule loan principal amounted to USD150,000,000.00 for the payment period of March 28, 2002 to March 28, 2013. The interest rates amended were LIBOR + 0.875 and TIBOR + 0.875. The balances in foreign currency as at December 31, 2008 amounted to USD123,287,290.05 and JPY4,856,724,715.00. 2 Syndicated loans of 1995 Represents a syndicated loan from foreign banks with The Mizuho Corporate Bank, Ltd., Singapore Branch as the agent, amounted to USD500,000,000.00, and was signed on June 14, 1995. Principal repayments are conducted semi annually on June and December. First principal repayment was settled on June 14, 2002 and the final repayment will be due on December 14, 2013. The interest rates are LIBOR + 0.625 and TIBOR + 0.625. In order to comply with comparability treatment principle adopted from the agreement of Paris Club II and Paris Club III, the syndicated loan principal has been rescheduled through the agreement of London Club II and III. In London