INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 21.55

-3.6%

Nov 28 9:30 AM EST

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To: Jyoti sharma who wrote (200)	2/2/1998 9:05:00 PM
From: Duke	Read Replies (1) of 947

Indonesia seeks Japan bank debt rollover - report NEW YORK, Feb 2 (Reuters) - An advisor to the Indonesian government on Monday asked on a visit to Tokyo that 11 major Japanese banks roll over foreign currency-denominated loans to Indonesian corporations, according to the Nikkei English language news service. Radius Prawiro, a former finance minister appointed by President Suharto to deal with the debt crisis, said he sought the understanding of Japanese banks as they prepare for negotiations on rolling over Jakarta's foreign currency- denominated loans in early February, Nikkei said. Prawiro was in Tokyo to meet with senior executives at the 11 Japanese banks, Nikkei reported, quoting the Japanese-language newspaper Nihon Keizai Shimbun's Tuesday morning edition. He did not go into detail on how many Indonesian companies need to extend their loans, the report said. About half of Indonesia's foreign debt is believed owed by private companies. Indonesian corporations saddled with large loans are finding it increasingly difficult to repay them due to the fall of the Indonesian rupiah, which traded at 10,000 to the dollar on Monday.

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