"The responses are good and so are our present financial conditions."Jakarta (ANTARA News) - Finance Minister Agus Martowardojo said the government`s plan to issue foreign currency bonds has received positive responses from the international market.
"We have conducted non-deal roadshows and got feedback. The responses from the global market are good inputs for Indonesia to issue global bonds," he said at the launch of a World Bank and United Nations report on the prevention of disaster threat here on Thursday.
Realizing the positive responses from the international market the government was now conducting a study to determine proper time to issue the global bonds, he said.
"The responses are good and so are our present financial conditions," he said.
At least Rp140 trillion in funds was currently available in the state treasury and the funds could be used any time, he said.
In addition, Indonesian was now one step away from an investment grade, he said.
"In terms of cash flow, we are now studying proper time to issue the global bonds," he said.
Asked why the roadshows were conducted in Europe and the United States, the minister said the two regions had so far been known as a center of investors.
"This is merely to know how investors would respond to the roadshows and how we would update data on investors," he said.
(Uu.S012/HAJM/R013)
Editor: Priyambodo RH
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