MARKETABLE SECURITIES ISSUED FS Bank Mandiri Tbk 311210 Eng Final opini
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5101 27
.
FUND BORROWINGS continued
b PT Permodalan Nasional Madani Persero This account represents fund borrowing obtained from PT Permodalan Nasional Madani
Persero to Bank Mandiri and Bank Sinar Harapan Bali BSHB. The outstanding loan balance as at 31 December 2010, 2009 and 2008 for Bank Mandiri are Rp84,421, Rp153,507 and
Rp219,050, respectively, and for BSHB are Rp10,635, Rp26,524 and Rp22,924, respectively. These facilities bear interest rate at 7.00 per annum. The fund borrowing terms and payment
schedule depend on the terms of the individual loan agreement, the latest will mature in December 2013. Bank Mandiri then lent the proceeds to the members of Primary Cooperation
Kredit Koperasi Primer kepada Anggotanya [KKPA].
c Bank Indonesia This account represents credit liquidity facility obtained from Bank Indonesia BI, which was then
lent to Bank Mandiri’s debtors under the Government Credit Program. The administration and monitoring of the credit facility are performed by PT Permodalan Nasional Madani Persero, a
state-owned company, based on Law No. 231999 dated 17 May 1999 regarding BI, BI Regulation No. 23PBI2000 dated 1 February 2000 and BI Regulation No. 520PBI2003 dated
17 September 2003 regarding the Hand-over of Management of Credit Liquidity of Bank Indonesia Under Credit Program. This facility is subject to interest at rates ranging from 3.00 to
9.00 per annum and will mature on various dates up to 2017. The details of this account are as follows:
2010 2009
2008
Small-Scale Investment Loans KIK 18,265
35,968 52,889
Loans to the Members of Primary Cooperation KKPA 8,856
79,701 135,971
Investment Loans KI -
20,153 25,477
27,121 135,822
214,337
d Direct Off-shore Loans The details of direct off-shore loans are as follows:
2010 2009
2008
Deutsche Bank International Asia Ltd, Singapore 2,703,000
2,818,500 3,270,000
Asian Development Bank - Tranche A
667,412 -
- - Tranche B
267,248 -
- Agence Française de Développement
269,195 -
- Syndication of Oversea - Chinese Banking Corporation Limited,
United Overseas Bank Limited, Intesa San Paolo S.P.A., DZ Bank AG Deutsche Zentral -
Genossenschaftsbank and Bank Muscat S.A.O.G. -
- 599,500
Sumitomo Mitsui Banking Corporation, Singapore -
- 196,200
3,906,855 2,818,500
4,065,700
Deutsche Bank International Asia Limited, Singapore DBI
On 27 February 2008, the Bank obtained a loan from DBI of USD300,000,000 full amount with interest rate at a 3-months LIBOR plus a certain margin for the first year. If the loan is extended,
the interest rate at the second and third year would be subject to fixed interest rate. This loan has been extended and will mature on 1 February 2011. This loan facility is secured by Government
Bonds series VR0019 with a nominal value of Rp3,967,500 Note 7c. This facility has been fully repaid by the Bank on maturity date.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5102 27
.
FUND BORROWINGS continued
d Direct Off-shore Loans continued
Asian Development Bank
31 December 2010
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent
Tranche A Asian Development
LIBOR 6 months
Bank 31 October 2016
84 + certain margin
75,000,000 675,750
Less: Unamortised issuance costs
925,406 8,338
74,074,594 667,412
Tranche B Asian Development
LIBOR 6 months
Bank 31 October 2014
60 + certain margin
30,000,000 270,300
Less: Unamortised issuance costs
338,699 3,052
29,661,301 267,248
On 30 October 2009, as further amended and restated on 13 November 2009, Bank Mandiri signed a long-term credit agreement with Asian Development Bank ADB with a total facility
amounting to USD105,000,000 full amount. This long-term loan is intended to enhance the funding structure of Bank Mandiri.
The loan consists of two facilities, where Tranche A Facility is a direct loan from ADB with total facility amounting to USD75,000,000 full amount and will mature 7 seven years after the
agreement date, whilst Tranche B from ADB as Lender of Record is funded by commercial banks through the Participation Agreements between ADB and the commercial banks with a total facility
amounting to USD30,000,000 full amount and will mature in 5 five years after the agreement date. The loan was withdrawn on 28 January 2010. This loan facility was secured by Government
Bonds series VR0031 with a nominal value of Rp1,286,663 Note 7c.
Agence Française de Développement
31 December 2010
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent
Loan Agence Française
LIBOR 6 months de Développement
31 March 2016 60
+ certain margin 30,000,000
270,300 Less:
Unamortised issuance costs 123,000
1,105 29,877,000
269,195
On 17 June 2010, Bank Mandiri signed a loan facility agreement with Agence Française de Développement AFD of USD100,000,000 full amount which is intended to assist the financing
projects related to climate change and energy efficiency.
This long term facility has a tenor of 5 to 10 years including grace period with an interest rate of LIBOR plus a certain margin and will be used to finance the projects that reduce the carbon
emission.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5103 27
.
FUND BORROWINGS continued