LONG-TERM LOANS AND OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2019

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


	Notes	2018	2019
Two-step loans	20a	751	542
Bonds and notes	20b	9,956	7,467
Bank loans	20c	18,748	21,167
Other borrowings	20d	1,950	3,113
Obligations under finance leases	13	2,338	—
Lease liabilities	13	—	12,554
Total		33,743	44,843

Schedule of principal payments


			Year
	Notes	Total	2021	2022	2023	2024	Thereafter
Two-step loans	20a	542	178	141	125	98	—
Bonds and notes	20b	7,467	477	2,198	—	—	4,792
Bank loans	20c	21,167	7,145	3,464	5,852	2,312	2,394
Other borrowings	20d	3,113	852	853	862	460	86
Lease liabilities	13	12,554	3,453	2,959	2,281	1,437	2,424
Total		44,843	12,105	9,615	9,120	4,307	9,696

Two-step loans

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2018		2019
		Outstanding		Outstanding
		Foreign currency	Rupiah	Foreign currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Overseas banks	Yen	4,607	602	3,839	491
	US$	13	188	9	120
	Rp	—	159	—	125
Total			949		736
Current maturities (Note 19b)			(198)		(194)
Long-term portion			751		542

Schedule of long-term loans and other borrowings, other significant information


		Principal payment	Interest payment	Interest rate per
Lenders	Currency	schedule	period	annum
Overseas banks	Yen	Semi-annually	Semi-annually	2.95	%
	US$	Semi-annually	Semi-annually	3.85	%
	Rp	Semi-annually	Semi-annually	8.38	%

Bonds and notes

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2018		2019
		Outstanding		Outstanding
		Foreign currency	Rupiah	Foreign currency	Rupiah
Bonds and notes	Currency	(in millions)	equivalent	(in millions)	equivalent
Bonds
2010
Series B	Rp	—	1,995	—	1,995
2015
Series A	Rp	—	2,200	—	2,200
Series B	Rp	—	2,100	—	2,100
Series C	Rp	—	1,200	—	1,200
Series D	Rp	—	1,500	—	1,500
Medium Term Notes (“MTN”)
MTN I Telkom 2018
Series A	Rp	—	262	—	—
Series B	Rp	—	200	—	200
Series C	Rp	—	296	—	296
MTN Syariah Ijarah I Telkom 2018
Series A	Rp	—	264	—	—
Series B	Rp	—	296	—	296
Series C	Rp	—	182	—	182
Total			10,495		9,969
Unamortized debt issuance costs			(14)		(11)
Total			10,481		9,958
Current maturities (Note 19b)			(525)		(2,491)
Long-term portion			9,956		7,467

2010 - Series B Bonds

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate per

Bonds

Principal

Issuer

Listed on

Issuance date

Maturity date

period

annum

Series B

1,995

The Company

IDX

June 25, 2010

July 6, 2020

Quarterly

10.20

2015 Bonds

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate

Bonds

Principal

Issuer

Listed on

Issuance date

Maturity date

period

per annum

Series A

2,200

The Company

IDX

June 23, 2015

June 23, 2022

Quarterly

9.93

Series B

2,100

The Company

IDX

June 23, 2015

June 23, 2025

Quarterly

10.25

Series C

1,200

The Company

IDX

June 23, 2015

June 23, 2030

Quarterly

10.60

Series D

1,500

The Company

IDX

June 23, 2015

June 23, 2045

Quarterly

11.00

Total

7,000

MTN I Telkom 2018

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate

Notes

Currency

Principal

Issuance date

Maturity date

period

per annum

Security

Series A

262

September 4, 2018

September 14, 2019

Quarterly

7.25

All assets

Series B

200

September 4, 2018

September 4, 2020

Quarterly

8.00

All assets

Series C

296

September 4, 2018

September 4, 2021

Quarterly

8.35

All assets

758

MTN - Syariah Ijarah I Telkom 2018

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Annual

Maturity

Return

return

Notes

Currency

Principal

Issuance date

date

period

payment

Security

Series A

264

September 4, 2018

September 14, 2019

Quarterly

The Right to benefit of ijarah objects

Series B

296

September 4, 2018

September 4, 2020

Quarterly

The Right to benefit of ijarah objects

Series C

182

September 4, 2018

September 4, 2021

Quarterly

The Right to benefit of ijarah objects

742

Bank loans

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2018		2019
		Outstanding		Outstanding
		Foreign		Foreign
		currency	Rupiah	currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Related parties
Bank Mandiri	Rp	—	4,546	—	7,611
BNI	Rp	—	6,826	—	5,898
BRI	Rp	—	1,248	—	1,758
BNI Syariah	Rp	—	—		52
Sub-total			12,620		15,319
Third parties
MUFG Bank	Rp	—	3,011	—	2,981
	US$	10	144	8	108
Syndication of banks	Rp	—	1,750	—	1,250
	US$	37	532	37	514
BCA	Rp	—	740	—	1,665
DBS	Rp	—	379	—	770
UOB Singapore	US$	49	710	40	556
PT Bank BTPN ("BTPN") (Previously Sumitomo)	Rp	—	661	—	537
Citibank	Rp	—	1,000	—	500
HSBC	Rp	—	—	—	500
Bank of China	Rp	—	—	—	500
ANZ	Rp	—	440	—	440
Bank CIMB Niaga	Rp	—	462	—	439
UOB	Rp	—	428	—	357
PT Bank ICBC Indonesia ("ICBC")	Rp	—	204	—	159
Exim Bank of Malaysia Berhad	MYR	23	81	8	28
Japan Bank for International Cooperation ("JBIC")	US$	3	45	—	—
Others	Rp	—	33	—	9
	MYR	13	46	11	38
Sub-total			10,666		11,351
Total			23,286		26,670
Unamortized debt issuance cost			(61)		(65)
Gain on debt restructuring			(5)		(4)
			23,220		26,601
Current maturities (Note 19b)			(4,472)		(5,434)
Long-term portion			18,748		21,167

Schedule of long-term loans and other borrowings, other significant information

Current

Total

period

Principal

Interest

facility

payment

Interest rate

Borrower

Currency

(in billions)*

schedule

period

per annum

Security**

BNI

2018 - 2019

GSD, the Company

2,342

2018 - 2026

Monthly,
Quarterly

8.75%, 9.00%

Trade receivables and all assets

2013 - 2018

The Company, GSD, TLT, Sigma, Dayamitra, Telkom Infratel

8,112

3,779

2016 - 2033

Monthly,
Quarterly

1 month JIBOR + 2.20% - 2.50%;
3 months JIBOR + 1.85% - 2.25%

Trade receivables, Inventory, and Property and equipment

Bank Mandiri

2017 - 2018

The Company, Telkomsela,b, Balebat

9,455

3,449

2018 - 2025

Monthly,
Quarterly

8.50% - 9.00%

Trade receivables, Inventory, and Property and equipment

2017- 2019

GSD, Dayamitra, Telkomsel

3,763

255

2019 - 2026

Quarterly

3 months JIBOR + 0.60% - 1.85%

None

BRI

2019

The Company

2,000

2021 - 2026

Quarterly

9.00%

All assets

2017 - 2019

The Company, Dayamitra, GSD

1,253

195

2019 - 2025

Quarterly

3 months JIBOR + 1.85% - 2.00%

Property and equipment

Current

Total

period

Principal

Interest

facility

payment

rate per

Borrower

Currency

(in billions)*

schedule

period

annum

Security**

MUFG Bank

2015 - 2018

GSD, Metra, Infomedia, Dayamitra

3,950

1,980

2016 - 2025

Quarterly

3 months JIBOR + 1.43% - 2.15%

Property and equipment and lease agreement

2018

TII

US$

0.01

0.002

2019 - 2022

Quarterly

3 months LIBOR + 1.25%

None

Syndication of Banks

2015

The Company, GSD

3,000

500

2016 - 2022

Quarterly

3 months JIBOR + 2.00%

All Assets

2018

TII

US$

0.09

—

2019 - 2024

Semi-annually

6 months LIBOR + 1.25%

None

Citibank

2018

The Company

1,000

500

2019 - 2020

Quarterly

8.50%

None


BCA
2016 - 2018	PST	Rp	805	102	2017 - 2024	Quarterly	10.00%-10.50%	Property and equipment
2017 - 2019	Metra, Dayamitra, Telkom Infratel	Rp	1,470	117	2018 - 2026	Quarterly	3 months JIBOR + 1.50% - 1.85%	Property and equipment
UOB Singapore
2016	TII	US$	0.06	0.009	2019 - 2024	Monthly	1 month LIBOR + 1.25%	None
BTPN
2015 - 2019	GSD, Metra, Infomedia, Dayamitra, TII	Rp	1.309	214	2016 - 2023	Quarterly	3 months JIBOR + 1.44% - 2.15%	None
Bank CIMB Niaga
2011	GSD	Rp	41	7	2012 - 2021	Monthly	9.75%	Property and equipment and lease agreement
2017 - 2019	GSD, Metra	Rp	695	108	2018 - 2024	Quarterly	3 months JIBOR + 1.50%	None


ANZ
2015 - 2017	GSD, PINS	Rp	500	—	2020	Quarterly	3 months JIBOR + 2.00%	None
UOB
2016	Dayamitra	Rp	500	71	2018 - 2024	Quarterly	3 months JIBOR + 2.20%	Property and equipment
DBS
2016	Nutech	Rp	6	1	2017 - 2021	Monthly	11.00%	Trade receivables and Property and equipment
2017 - 2019	PINS, Dayamitra,Telkomsat	Rp	1,030	108	2018 - 2026	Quarterly	3 months JIBOR + 1.50% - 1.85%	None
ICBC
2017	GSD	Rp	272	45	2017 - 2023	Quarterly	3 months JIBOR + 2.36%	Trade receivables and Property and equipment
Exim Bank of Malaysia Berhad
2016	TII	MYR	0.06	0.015	2017 - 2020	Monthly	ECOF + 1.89%	None
HSBC
2019	Telkomsela	Rp	1,000	500	2019 - 2021	Monthly	1 month JIBOR + 0.60%	None
Bank of China
2019	Telkomsela	Rp	1,000	500	2019 - 2021	Monthly	1 month JIBOR + 0.60%	None

* In original currency

** Refer to Notes 6,8 and 12 for details of trade receivables, inventories, and property and equipment pledged as collaterals.

a Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of covenants and negative covenants as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of December 31, 2019 Telkomsel has complied with the above covenants.

b Based on the latest amendment on December 11, 2018.

Other borrowings

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		Outstanding
Lenders	Currency	2018	2019
PT Sarana Multi Infrastruktur	Rp	2,250	3,748
Unamortized debt issuance cost		(6)	(8)
Total		2,244	3,740
Current maturities (Note 19b)		(294)	(627)
Long-term portion		1,950	3,113

Dayamitra | PT Sarana Multi Infrastruktur

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Total facility

Current period

Principal payment

Interest rate

Borrower

Currency

(in billions)

payment (in billions)

schedule

per annum

Security

PT Sarana Multi

Infrastruktur

October 12, 2016

Dayamitra

700

100

Semi-annually
(2018-2024)

3 months JIBOR + 1.85%

Property and equipment (Note 12)

March 29, 2017

Dayamitra

600

Semi-annually
(2019-2025)

3 months JIBOR + 1.85%

Property and equipment (Note 12)

Telkomsat | PT Sarana Multi Infrastruktur

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Current period

Principal

Total facility

payment

Interest rate

Borrower

Currency

(in billions)

schedule

per annum

Security

PT Sarana Multi Infrastruktur

March 29, 2019

Telkomsat

164

—

Semi-annually (2020-2024)

8.49

None

The company | PT Sarana Multi Infrastruktur

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Principal

Total facility

Current period

payment

Interest rate

Borrower

Currency

(in billions)

payment (in billions)

schedule

per annum

Security

PT Sarana Multi Infrastruktur

November 14, 2018

The Company

1,000

110

Semi-annually (2019-2023)

8.35

None

March 29, 2019

The Company

2,273

—

Semi-annually (2020-2024)

8.49

None