PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
138
30. MARKETABLE SECURITIES ISSUED continued Bonds continued
The bonds are not guaranteed with specific guarantee, but guaranteed with all assets of the Bank, whether present or future, fixed or non-fixed assets in accordance with the provisions of Article 1131 and
1132 of the Indonesian Civil Law. As of December 31, 2016, based on Pefindo’s rating for Continuous Bond I Phase I is idAAA triple A.
On October 7, 2016, the Subsidiary PT Mandiri Tunas Finance issued and registered Continuous Bonds IIII Mandiri Tunas Finance Phase I year 2016 “Continuous Bonds III phase I” to the Indonesia
Stock Exchange 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 400,000
8.20 October 7, 2019
Series B 100,000
8.55 October 7, 2019
The trustee for Continuous Bonds III Mandiri Tunas Finance Phase I year 2016 is PT Bank Mega Tbk. The trustee agreement provides several restrictive covenants that must be fulfilled by the Subsidiary,
among others, providing collateral with fiduciary transfer of consumer financing receivables and maintaining debt to equity ratio to not exceed 10:1. Moreover, during the year that the bonds principals
are still outstanding, the Subsidiary is not allowed, among others, to conduct merger unless performed with the same business, to sell or assign more than 50 of the Subsidiary’s asset, except for
Subsidiary’s normal business transactions As of December 31, 2016, based on Pefindo’s rating, the rating of Continuous Bonds III Mandiri Tunas
Finance Phase I is idAA+ double A plus. On June 1, 2016, PT Mandiri Tunas Finance issued and registered Continuous Bonds II Mandiri Tunas
Finance Phase II Year 2016 “Continuous Bonds II Phase II” to the Indonesia Stock Exchange with a nominal value of Rp1,400,000, which consist of 2 two series:
Bonds Nominal value
Fixed interest rate per annum
Maturity date
Series A 720,000
8.95 June 1, 2019
Series B 680,000
9.25 June 1, 2021
The trustee for Continuous Bonds II Mandiri Tunas Finance Phase II year 2016 is PT Bank Mega Tbk. On December 18, 2015, the subsidiary PT Mandiri Tunas Finance issued and registered continuous
Bonds II PT Mandiri Tunas Finance Phase I Year 2015 “Continuous Bonds II Phase I” 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 500,000
10.20 December 18, 2018
Series B 100,000
10.80 December 18, 2020
The trustee for Continuous Bonds I Mandiri Tunas Finance Phase I year 2015 is PT Bank Mega Tbk. The trustee agreement provides several restrictive covenants that must be fulfilled by the Subsidiary,
among others, providing collateral with fiduciary transfer of consumer financing receivables and maintaining debt to equity ratio to not exceed 10:1. Moreover, during the year that the bonds principals
are still outstanding, the Subsidiary is not allowed to, among others, merge unless performed on the same business nor to sell or assign more than 50 of the Subsidiary’s asset, except for Subsidiary’s
normal business transactions.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
139
30. MARKETABLE SECURITIES ISSUED continued Bonds continued
The rating for Continuous Bonds II PT Mandiri Tunas Finance Phase I and II based on Pefindo’s rating as of December 31, 2016 is idAA+ double A plus and as of December 31, 2015 is idAA double A.
On June 9, 2015, the Subsidiary PT Mandiri Tunas Finance issued and registered Mandiri Tunas Finance Continuous Bonds I phase III Year 2015 “Continous Bonds I phase III” at the Indonesian Stock
Exchange with a nominal value of Rp150,000 as follows:
Bonds Nominal value
Fixed interest rate per annum
Maturity date
Continous Bonds I Phase III 150,000
9.75 June 9, 2018
The trustee for the Continous Bonds I Mandiri Tunas Finance Phase III 2015 is PT Bank Mega Tbk. On May 23, 2014, the Subsidiary PT Mandiri Tunas Finance issued and registered Continous Bonds I
Mandiri Tunas Finance Phase II year 2014 “Continous Bonds I Phase II” to the Indonesia Stock Exchange with a nominal value of Rp600,000, which consists 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 the Continous 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
Mandiri Tunas Finance Phase I year 2013 “Continous Bonds I Phase I” to the Indonesia Stock Exchange with a nominal value of Rp500,000 which consist of 2 two series:
Bonds Nominal Value
Fixed Interest rate per annum
Maturity Date
Seri A 425,000
7,75 June 5, 2016
Seri B 75,000
7,80 June 5, 2017
The trustee for the Continuous Bonds I Mandiri Tunas Finance Phase I 2013 is PT Bank Mega Tbk. The trustee agreement provides several restrictive covenants that must be fulfilled by the Subsidiary,
among others, providing collateral with fiduciary transfer of consumer financing receivables and maintaining debt to equity ratio to not exceed 10:1. Moreover, during the year that the bonds principals
are still outstanding, the Subsidiary is not allowed to, among others, merge unless performed on the same business nor to sell or assign more than 50 of the Subsidiary’s asset, except for the
Subsidiary’s normal business transactions.
Continous Bonds I Mandiri Tunas Finance Phase I year 2013, Series A, amounting to Rp425,000 has been repaid at maturity.
The rating for Continuous Bonds I PT Mandiri Tunas Finance Phase I, II and III based on Pefindo’s rating as of December 31, 2016 is idAA+ double A plus and as of December 31, 2015 is idAA double
A.
On December 31, 2016, all securities issued by PT Mandiri Tunas Finance are secured by consumer financing receivables amounting to Rp1,836,445 December 31, 2015: Rp1,035,192 Note 13f and net
investment in finance leases amounting to Rp158,555 December 31, 2015: Rp74,811 Note 14f.
