Jakarta, January 10, 2013 - Bank Mandiri has successfully retained its position as the largest syndicated loan provider in Indonesia for 2 consecutive years since 2011.

According to Bloomberg data, the Bank handled a total of 18 syndicated loans in the past year worth a total of USD 1.4 billion, or approximately Rp 13.4 trillion. This puts the Bank at the top of the list of the 10 biggest mandated arrangers in the country.

Bank Mandiri Director of Corporate Banking Fransisca Nelwan Mok said that one of the syndicated loan transactions handled by the Bank over the past year was the provision of financing to PT Krakatau Steel (Persero) Tbk for the construction of a blast furnace plant in Cilegon.

As part of the transaction, which had a total value of USD 450 million, the Bank acted as Mandated Lead Arranger, along with BNI and BRI, for the onshore loan, with Bank Mandiri's share of the financing amounting to USD 300 million, or Rp 2.95 trillion, including a standby facility.

Fransisca Nelwan Mok said that syndicated financing was an effective way of supporting the development of major projects, particularly in the infrastructure sector.

"We are committed to expanding our already active role in supporting business development so as to enhance national economic growth through alliances with other banks. This is because, through alliances the role of banks in supporting the economy can be optimized," explained Fransisca.

In tandem with Bank Mandiri's success in the syndicated loan market, PT Mandiri Securities, a subsidiary of Bank Mandiri, also retained its position as the largest and most active underwriter in Indonesia. As the best investment bank in the country, Mandiri Securities' share of the underwriting market is worth Rp 11,456 billion, spread among the 33 companies that made public offerings in 2012. In addition, Mandiri Securities also handled the successful Rp 1.87 trillion rights issue of Bank Tabungan Negara.
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