CAPITAL STOCK Derivative Instruments and Hedging Activities
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2009 AND 2008 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
- 28 - Bank Mandiri
The loan facility with Bank Mandiri represent investment loan received by the Company amounting to US 5.964.882. This facility was used to finance the power plant project with total value of
investment amounting to US 11.450.000. Interest rate for the investment loans was 9,75 per annum. This facility will mature in the second quarter of 2011.
Bank Rakyat Indonesia Persero Tbk On September 7, 2006, the Company obtained investment loan KI facility from BRI amounting to
Rp 303.400.000 thousand which consist of KI Plantation amounting to Rp 211.400.000 thousand and KI CPO Mill amounting to Rp 92.000.000 thousand. Included in the KI facilities are interest
During Construction IDC amounting to Rp 45.500.000 thousand for KI Plantation and Rp 13.000.000 thousand for KI CPO Mill. The Investment loan is used to finance the 9.500
hectares of palm plantation and 1 unit CPO Mill located in Banyuasin, South Sumatera. This loan facility has a term of 9 years with a grace period of 4,5 years for palm plantation and 5,5 years for
palm factory, which will start from the date of the signing of credit agreement. Interest rate per annum is 15 which can be charged at any time following the current market interest rate in BRI.
The investment loan is secured with palm plantation project in Banyuasin and similar collaterals for short term loan facility received from BRI note 13 which consist of trade account receivable ,
inventories, land including palm plantation located in Terbanggi Besar, plant, machineries, and personal guarantees from Widarto and Santoso Winata note 23. The collaterals for trade
receivable and inventories represent part of joint collateral paripassu with Bank Mandiri and syndicated loan which is coordinated by Rabobank.
The investment loan facility was started to be availed of in 2007. As of September 30, 2009, outstanding loan amounted to Rp 65.425.000 thousand for KI principal and Rp 11.656.195
thousand for KI IDC