PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
129
30. MARKETABLE SECURITIES ISSUED continued Bonds continued
On May 23, 2014, the Subsidiary PT Mandiri Tunas Finance issued and registered Continuous Bonds I Mandiri Tunas Finance Phase II year 2014 Continuous Bonds I Phase II to the Indonesia
Stock Exchange with a nominal value of Rp600,000, which consist of 2 two series:
Bonds Nominal value
Fixed interest rate per annum
Maturity date
Series A 425,000
10.70 May 23, 2017
Series B 175,000
10.85 May 23, 2018
The trustee for Continuous Bonds I Mandiri Tunas Finance Phase II year 2014 is PT Bank Mega Tbk. On June 5, 2013, the Subsidiary PT Mandiri Tunas Finance issued and registered continuous
Bonds I PT Mandiri Tunas Finance Phase I Year 2013 “Continuous Bonds I” with a nominal value of Rp500,000, which consist of 2 two series:
Bonds Nominal value
Fixed interest rate per annum
Maturity date
Series A 425,000
7.75 June 5, 2016
Series B 75,000
7.80 June 5, 2017
The trustee for Continuous Bonds I Mandiri Tunas Finance Phase I is PT Bank Mega Tbk. On December 31, 2015, the rating for Continuous Bonds I PT Mandiri Tunas Finance Phase I, II and III
is idAA double A. On May 20, 2011, the Subsidiary PT Mandiri Tunas Finance issued and registered Mandiri Tunas
Finance Bonds VI Year 2011 Bonds VI at the Indonesian Stock Exchange formerly the Surabaya Stock Exchange with a nominal value of Rp600,000 consisting of 4 four series:
Bonds Nominal value
Fixed interest rate per annum
Maturity date
Series A 48,000
8.60 May 23, 2012
Series B 52,000
9.60 May 19, 2013
Series C 350,000
10.00 May 19, 2014
Series D 150,000
10.70 May 19, 2015
Mandiri Tunas Finance Bonds VI Year 2011 Series A for Rp48,000, Series B for Rp52,000, Series C for Rp350,000 and series D for Rp150,000 had been paid at the maturity date.
The trustee for Mandiri Tunas Finance Bonds VI Year 2011 is PT Bank Mega Tbk. On December 31, 2014, the rating for Bonds VI is idAA double A.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
130
30. MARKETABLE SECURITIES ISSUED continued Subordinated Notes Sharia Mudharabah
On December 19, 2011, PT Bank Syariah Mandiri BSM issued limited offering of sharia mudharabah sukuk subordinated notes Year 2011 “Subnotes BSM” with a nominal value of Rp500,000. BSM
Subnotes have term of ten 10 years with the right to purchase call option in the fifth year from the date of issuance with the following terms and conditions:
- Profit sharing is calculated by multiplying the Bank’s Subnotes nisbah shareholders with revenue
which is distributed and listed in the unaudited last-quarter financial statements and approved by BSM’s Directors not later than 10 ten days before the payment date.
- The distributed revenue was obtained from the funding portfolio revenue denominated in Rupiah amounting to Rp5,000,000 obtained during the 1 one quarter as listed in each unaudited BSM’s
financial report. - Nisbah provided to the BSM Subnotes holders’ is 16.30 per annum of the profit sharing which is
paid every three 3 months. The issuance of BSM Subnotes divided into three 3 phases:
- Phase I dated December 19, 2011 with nominal amount of Rp75,000 - Phase II dated December 19, 2011 with nominal amount of Rp275,000
- Phase III dated December 19, 2011 with nominal amount of Rp150,000 Subnotes are neither covered by a specific collateral nor guaranteed by a third party or by the Republic
of Indonesia and not included in the Bank Guarantee Program implemented by Bank Indonesia or other guarantee institution in accordance to with the law and regulation in force. Subnotes are
obligation of the BSM that is subordinated. During the validity period of Subnotes, and before the redemption of all of principal and profit sharing, the BSM is obliged to: i maintain the amount of
assets that are not pledged at a minimum of 150 of total liabilities; ii ensure that Subnotes not owned by more than forty-nine 49 investors; iii submit to the monitoring agent financial information
as follows: annual audited financial statements, quarterly financial statements, and the financial statements used for the calculation of profit sharing and BSM health rating reports issued by Bank
Indonesia. Without written approval from the monitoring agent, the BSM is not allowed to do the following:
i reduce the issued and paid-in capital; ii make some changes in business field; iii do a merger or consolidation or reorganization, except if there was some regulation from the Government or Bank
Indonesia; iv do a merger, consolidation, acquisition with another entity that will result to the dissolution of BSM.
The Trustees of Bank Syariah Mandiri mudharabah subordinated notes year 2011 are PT Bank Mandiri Persero Tbk. and PT Bank CIMB Niaga Tbk.
Based on the latest rating report released on December, 2015 and 2014, the BSM’s Subnotes’ is rated idAA by the securities rating agency PT Pefindo.
Medium Term Notes MTN On January 24, 2012, Subsidiary, PT Mandiri Tunas Finance, had issued and registered Medium Term
Notes MTN III amounting to Rp200,000 with a fixed interest rate of 9.95 per annum, at Kustodian Sentral Efek Indonesia KSEI. MTN III amounting to Rp200,000 has 3 three years effective period
starting from February 2, 2012 to February 2, 2015, and has been fully repaid at maturity.
