18. SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BORROWINGS

This account consists of the following:


	2017	2018
Short-term bank loans	2,289	4,043
Current maturities of long-term borrowings	5,209	6,296
Total	7,498	10,339

Short-term bank loans


		2017		2018
		Outstanding		Outstanding
		Original		Original
		currency	Rupiah	currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Related parties
BNI	Rp	—	1,252	—	956
Bank Mandiri	Rp	—	45	—	—
Sub-total			1,297		956
Third parties
MUFG Bank, Ltd. ("MUFG Bank")	Rp	—	—	—	1,295
DBS	Rp	—	408	—	699
	US$	—	—	1	13
UOB	Rp	—	400	—	580
HSBC	Rp	—	18	—	317
	US$	—	—	0	4
SCB	Rp	—	—	—	100
Bank CIMB Niaga	Rp	—	83	—	78
PT Bank Sumitomo Mitsui Indonesia ("Sumitomo")	Rp	—	80	—	—
Others	Rp	—	3	—	1
Sub-total			992		3,087
Total			2,289		4,043

Refer to Note 33 for details of related party transactions.

Other significant information relating to short-term bank loans as of December 31, 2018 is as follows:

Total facility

Interest

Interest rate

Borrower

Currency

(in billions)*

Maturity date

payment period

per annum

Security

BNI

2014 - 2017

GSDe, Sigmaa

375

January 9, 2019 -
November 8, 2019

Monthly

9.00%

Trade receivables (Note 6) and property and equipment (Note 12)

2013 - 2018

Telkom Infratel, Infomediaf, MD Media, Sigmae

2,895

January 9, 2019 -
November 30, 2019

Monthly

1 month
JIBOR + 2.20% - 3.00%

Trade receivables (Note 6)

MUFG Bank

2018

Telkomsel, Infomedia, Metra, TII

2,350

March 27, 2019 -
September 27, 2019

Monthly,
Semi-annually

1 month JIBOR + 0.70% - 0.95%,
6 months JIBOR + 0.70%

None

DBS

2018

Telkom Infratel, Infomedia

600

February 26, 2019

Monthly

1 month JIBOR + 0.70%

None

2016

Nuteche

October 13, 2019

Monthly

10.50% - 11.00%

None

2016

Sigmab,c

US$

0.02

July 31, 2019

Semi-annually

3.25% (US$), 10.75% (Rp)

Trade receivables (Note 6)

UOB

2016 - 2018

MD Media, Finnetd

800

April 6, 2019 -
December 20, 2020

Monthly

1 month JIBOR + 2.00%

Trade receivables (Note 6)

HSBC

2014

Sigmag

600

July 15, 2019

Monthly

14.34%

Trade receivables (Note 6)

2014

Sigmag

US$

0.004

July 15, 2019

Monthly

13.12%

Trade receivables (Note 6)

2018

PINS

300

June 28, 2019

Quarterly

3 months JIBOR + 1.00%

None

SCB

2015

GSDe

100

March 28, 2019

Monthly

10.50%

None

Bank CIMB Niaga

2013

GSDe

January 1, 2019

Monthly

10.90% - 11.50%

Trade receivables (Note 6) and property and equipment (Note 12)

* In original currency.

a Based on the latest amendment on December 21, 2017.

b Based on the latest amendment on December 5, 2018

c Facility in U.S. Dollar. Withdrawal can be executed in U.S. Dollar and Rupiah.

d Based on the latest amendment on June 5, 2018.

e Unsettled loan will be automatically extended.

f Based on the latest amendment on March 28, 2018 and July 6, 2018.

g Based on the latest amendment on July 16, 2018.

On February 26, 2018, the Company, Telkom Infratel and Infomedia entered a credit agreements with DBS amounting to Rp600 billion. As of December 31, 2018, the unused facilities was amounting to Rp125 billion.

On March 21, 2018, the Company, TII, Infomedia and Metra entered a credit agreement with MUFG Bank amounting to Rp500 billion. As of December 31, 2018, the unused facilities was amounting to Rp80 billion.

The credit facilities were obtained by the Company's subsidiaries for working capital purposes.

Current maturities of long-term borrowings


	Notes	2017	2018
Two-step loans	19a	206	198
Bonds and notes	19b	—	525
Bank loans	19c	4,110	4,472
Other borrowings	19d	99	294
Obligations under finance leases	12c.xii	794	807
Total		5,209	6,296

Refer to Note 33 for details of related party transactions.