FUND BORROWINGS 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 5103 27
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FUND BORROWINGS continued
d Direct Off-shore Loans continued
Agence Française de Développement continued
As part of the loan agreement, Bank Mandiri and AFD will finance the training programs aimed to develop the Bank Mandiri’s capacity, especially in relation to climate change and energy
efficiency.
On 15 December 2010, the Bank has drawdown borrowing from AFD with the total amount of USD30,000,000 full amount.
This loan will mature on 31 March 2016.
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.
Based on the amendment of the syndicated credit agreement dated 3 September 2008, the Bank obtained a loan of USD55,000,000 full amount with interest rate of 6-months SIBOR plus a
certain margin. The loan period is one year and had been fully paid on 10 September 2009.
Sumitomo Mitsui Banking Corporation, Singapore Sumitomo
On 23 September 1999, the Bank obtained a loan from Sumitomo amounting to USD30,000,000 full amount. The first and second payments with total amount of USD12,000,000 full amount
have been made in 2008. This loan is subject to interest rate of 3-months SIBOR plus a certain margin. The loan period is 10 ten years and had been fully paid on 28 September 2009.
e Trade Financing Facilities Trade financing facilities represent short-term borrowings with tenors between 180 to 365 days
and bear interest at LIBOR or SIBOR plus a certain margin. These borrowings are guaranteed by letters of credit issued by Bank Mandiri. The balance as at 31 December 2010, 2009 and 2008
are as follows:
2010 2009
2008
Bank of Nova Scotia, Singapore 180,200
- 218,000
Oversea - Chinese Banking Corporation Limited, Singapore 180,200
- 218,000
JP Morgan Chase NA, Singapore 135,150
- 545,000
Wachovia Bank NA, United States of America -
- 708,500
Bank of New York Mellon, Singapore formerly Bank of New York
- -
654,000 ABN AMRO Bank NV, Singapore
- -
574,997 Bank of Nova Scotia, Hong Kong
- -
490,500 Dresdner Bank, AG, Frankfurt
- -
272,500 Credit Suisse, Zurich
- -
218,000 495,550
- 3,899,497
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 5104 27
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FUND BORROWINGS continued
f Others
2010 2009
2008
PT Bank Central Asia Tbk. 301,967
274,248 -
PT Bank Danamon Indonesia Tbk. 287,465
- -
The Hong Kong and Shanghai Banking Corporation Ltd. 100,000
25,000 150,000
PT Bank CIMB Niaga Tbk. formerly PT Bank Lippo Tbk. 97,643
94,286 150,000
PT Bank UOB Buana 73,243
- -
PT Bank Chinatrust Indonesia 49,938
- -
PT Bank Negara Indonesia Persero Tbk -
161,469 -
PT Bank Permata Tbk. -
25,000 130,000
PT Bank DBS Indonesia -
20,000 90,000
PT ANZ Panin Bank -
10,000 -
PT Panin Bank Tbk. -
- 75,000
Standard Chartered Bank -
- 65,000
PT Bank International Indonesia Tbk. -
- 50,000
910,256 610,003
710,000
PT Bank Central Asia Tbk.
On 7 March 2001, Subsidiary and PT Bank Central Asia Tbk. BCA signed a credit agreement where BCA provides a working capital facility. Based on the amended agreement No. 5 dated
24 June 2008, BCA provides installment loan facility amounting to Rp650,000 with a floating interest rate. The facility will mature in March 2012.
On 5 May 2010, Subsidiary and BCA signed a credit agreement where BCA provides a working capital facility. Based on the amended agreement No. 20 dated 5 May 2010, BCA provides
installment loan facility amounting to Rp100,000 with a fixed interest rate. The facility will mature in May 2013.
PT Bank Danamon Indonesia Tbk.
On 20 May 2010, Subsidiary and PT Bank Danamon Indonesia Tbk. Danamon signed a credit agreement No. 26 dated 20 May 2010. Danamon provides a working capital facility with the
amount of Rp100,000 which will mature in May 2011. Danamon also provides installment loan facility with the amount of Rp200,000 which will mature in June 2013. Both facilities have fixed
interest rates.
The Hong Kong and Shanghai Banking Corporation Ltd.
On 22 May 2007, Subsidiary and The Hong Kong and Shanghai Banking Corporation Ltd. HSBC signed a credit agreement where HSBC provides a short-term funding facility, revolving
loan and exposure risk limit weightoption facility with limits of USD15,000,000 full amount, USD5,000,000 full amount, and USD1,000,000 full amount, respectively. On 18 February
2008, the credit agreement between Subsidiary and HSBC was extended to a short-term funding facility, revolving loan and exposure risk limitoption transactions facilities with limits of
Rp175,000, USD5,000,000 full amount and USD1,000,000 full amount, respectively, and bears an interest rate of 2.50 below bank’s annual term lending rate. On 12 March 2010, this
agreement was extended until 11 March 2011 and bears a floating interest rate.
On 2 July 2010, Subsidiary and HSBC signed a Corporate Facility Agreement where HSBC provide a short term working capital amounting to Rp30,000. Based on amended agreement
dated 2 November 2010, the limit facility has increased to Rp100,000 with a floating interest rate. The facility will mature within 1 year after the date of facility drawdown.
PT Bank CIMB Niaga Tbk. formerly PT Bank Lippo Tbk.
On 13 December 2001, Subsidiary and PT Bank CIMB Niaga Tbk. formerly PT Bank Lippo Tbk. CIMB signed a credit agreement and based on the latest amended agreement dated
15 December 2009, CIMB provides several facilities with the total amount of Rp240,000. The interest rate is determined based on the applicable interest rate and can vary at any time on a
regular basis or floating. This agreement will mature on 18 February 2013.
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 5105 27
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FUND BORROWINGS continued
f Others continued
PT Bank UOB Buana
On 29 November 2010, the Subsidiary and PT Bank UOB Buana UOB has signed a credit agreement whereby UOB provides a loan facility of Rp150,000 with a floating interest rate. This
facility will mature on 30 December 2013.
PT Bank Chinatrust Indonesia
On 22 December 2009, Subsidiary and PT Bank Chinatrust Indonesia BCI signed a credit agreement whereas BCI provides a Medium-Term Loan facility amounting to Rp50,000 with a
floating interest rate. The facility will mature on 22 December 2011.
PT Bank Negara Indonesia Persero Tbk.
On 26 July 2004, Subsidiary and PT Bank Negara Indonesia Persero Tbk. BNI signed a credit agreement where BNI provides a working capital facility. Based on amended agreement No. 10
dated 2 October 2007, BNI provides several facilities that can be extended with the amount of Rp400,000. On 2 October 2007, this facility was extended until 31 December 2011. The interest
rate is determined with interest rate that ranging from 11.00 - 13.00 per annum.
PT Bank Permata Tbk.
On 19 October 2007, Subsidiary and PT Bank Permata Tbk. Bank Permata signed a credit agreement whereas Bank Permata provides a working capital and foreign exchange line facilities
with limits of Rp170,000 and Rp20,000, respectively. The credit agreement has been extended twice, the latest was on 7 October 2009, in which the agreement was extended until 7 October
2010 with decrement in the limit of working capital facility become Rp150,000. Based on the agreement, the interest of working capital facilities is at market rate. This facility has been fully
repaid by the Subsidiary.
PT Bank DBS Indonesia
On 20 June 2008, Subsidiary and PT Bank DBS Indonesia DBS signed a credit agreement where DBS provides working capital facility revolving Rupiah facility advances of Rp150,000
and foreign exchange transactions facilities uncommitted US Dollar facility for a maximum of USD20,000,000 full amount. In June 2009, this facility was extended and valid until June 2010.
Based on the agreement, the annual interest rate of the working capital facility is 0.875 above the banks prime lending rate or interest rate determined at the date of facility drawdown. This
facility has been fully repaid by the Subsidiary.
Bank Mandiri and its Subsidiaries has paid interest on all borrowings in accordance with the schedules of interest payments for the period 1 January 2010 to 31 December 2010.
For the period 1 January 2010 to 31 December 2010, Bank Mandiri and its Subsidiaries have fulfilled all covenants stipulated in all of the above borrowing agreements unaudited.