Forbes.com, 02.06.09, 05:56 AM EST
JAKARTA, Feb 6 (Reuters) - Indonesia's planning minister said on Friday that the government would go ahead with a global bond issue, which rating agencies estimate could raise as much as $4 billion.
Indonesia, which started marketing the bond issue on Feb. 2, has already secured some $5-$6 billion in standby loans from various multilateral agencies to help finance its budget deficit.
'We must go ahead,' Planning Minister Paskah Suzetta told reporters when asked whether the government will proceed with the debt sale.
'The standby loans are only for emergency purposes.
(Reporting by Dicky Kristanto; Editing by Sara Webb)
(ga.arka@thomsonreuters.com; Reuters Messaging: ga.arka.reuters.com@reuters.net; +62 21 384 6364 ext 911)
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