PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
75
24. SECURITIES ISSUED continued
Details of MTN are as follows:
2007
Interest Nominal Amount
Type Maturity
Tenor Rate
US Equivalent
ISIN No Arranger
Date months
Per Annum full amount
Rupiah MTN
Credit Suisse First XS0167272375
Boston Europe Ltd., London, April 22, 2008
60 7.00
299,466,824 2,812,892
UBS Hong Kong and PT Mandiri Sekuritas
Less: - Securities issued and held by Bank Mandiri and Subsidiaries 10,017,641
94,096 289,449,183
2,718,796 - Unamortized discount
96,115 903
289,353,068 2,717,893
2006
Interest Nominal Amount
Type Maturity
Tenor Rate
US Equivalent
ISIN No Arranger
Date months
Per Annum full amount
Rupiah MTN
Credit Suisse First XS0167272375
Boston Europe Ltd., London, April 22, 2008
60 7.00
294,278,375 2,649,388
UBS Hong Kong and PT Mandiri Sekuritas
Less: - Securities issued and held by Bank Mandiri and Subsidiaries 10,075,134
90,706 284,203,241
2,558,682 - Unamortized discount
406,575 3,660
283,796,666 2,555,022
On October 31, 2003, Bank Syariah Mandiri, a subsidiary, issued five-year Syariah Mudharabah bonds amounting to Rp200,000. The profit sharing on such bonds is payable every 3 months with the first
payment being made on January 30, 2004 while the maturity of the Syariah Mudharabah bonds is on October 31, 2008. The profit on sharing will be taken from the margin revenue of Bank Syariah Mandiri
obtained from its quarterly murabahah portfolio. Bank Mandiri issued Senior Notes amounting to US300,000,000 full amount at 99.482 of nominal
value with a coupon of 7.00 per annum, which mature on April 22, 2008. The US300,000,000 full amount MTNs are hedged with an interest rate swap instrument. The MTNs are recognized at their fair
value as adjusted by the hedging transaction, which fair value adjustment as of December 31, 2007 and 2006 decreased by Rp5,008 or equivalent to US533,176 full amount and Rp51,512 or equivalent to
US5,721,625 full amount. On January 25, 2007 Bank Syariah Mandiri offered and sold on a limited basis Subordinated Notes
Syariah Mudharabah 2007 Subnotes Bank with maximum nominal value amounting to Rp200,000. The Subnotes Bank’s will have term of 10 years with call option on the fifth year after the issuance date. The
Subnotes Bank holder’s Nisbah indication is 21.93 from profit sharing. The Subnotes Bank profit sharing is paid every 3 three months since the issuance date. On April 5, 2007 Subnotes Bank has
been realized amounting to Rp200,000. The Subordinated Notes Bank will mature in year 2017.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
76
25. FUND BORROWINGS
2007 2006
Rupiah: Bank Indonesia a
392,150 599,426
The Government of Republic of Indonesia b Note 47a 280,000
350,000 PT Permodalan Nasional Madani Persero c
326,122 486,159
PT Bank Ekspor Indonesia Persero d -
400,000 Others g
625,743 75,000
Total Rupiah 1,624,015
1,910,585 Foreign Currency:
Trade Financing Facilities e 6,875,676
154,854 Direct Off-shore Loans f
845,370 1,359,453
Total Foreign Currency 7,721,046
1,514,307
Total 9,345,061
3,424,892
As of December 31, 2007 and 2006, fund borrowings from related parties amounted to Rp280,000 and Rp350,000, respectively Note 47a.
a Bank Indonesia This account represents a credit liquidity facility obtained from Bank Indonesia BI, which was re-
loaned to Bank Mandiri customers under the Government Credit Program. The management and monitoring of the credit facility are performed by PT Permodalan Nasional Madani Persero, a state-
owned company, based on Law No. 231999 dated May 17, 1999 regarding BI, BI Regulation No. 23PBI2000 dated February 1, 2000 and BI Regulation No. 520PBI2003 dated September 17,
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 to 9 per annum and will mature
on various dates through 2017. The details of this account are as follows:
2007 2006
Rupiah: Small-Scale Working Capital Loans KKPA
285,484 365,407
Small-Scale Investment Loans KIK 74,132
121,675 Investment Loans KI
32,534 112,344
392,150 599,426
b The Government of Republic of Indonesia This account represents credit facilities obtained from The Government of Republic of Indonesia
based on agreement No. KP-022DP32004 dated May 14, 2004 which was amended with agreement No. AMA-7KP-022DP32004 dated December 15, 2004 and letter No. 5-662PB.72005 dated
May 13, 2005 regarding amendment of loan agreement between The Government of Republic of Indonesia and PT Bank Mandiri Persero Tbk No. KP-022DP32004 dated May 14, 2004. This
borrowing is re-loaned by Bank Mandiri to the small and micro businesses which procedures, arrangements and requirements of the relending program are agreed with the Decision Letter of
Ministry of Finance No. 40KMK.062003 dated January 29, 2003 regarding Credit Financing Facilities for Small and Micro Businesses and amended with Decision Letter of Ministry of Finance
No. 74KMK.062004 dated February 20, 2004. This facility bears interest at 3-month SBI rate which will be determined every three months at March 10, June 10, September 10 and December 10 based
on the latest SBI auction rate. The repayment of the borrowing will be made in five 5 installments and the first installment will be due on December 10, 2007. The first installment paid amounted to
Rp70,000 in December 2007.
