RI debt talks continue

RI debt talks continue

FRANKFURT (Reuters): The latest round of talks on rescheduling Indonesia's $80 billion in private-sector debt entered its second day in Frankfurt with no indication emerging of whether any progress has been made.

"The talks are continuing," said a spokesman for Deutsche Bank AG, co-chair of the bank steering committee.

He declined to comment on the progress of the talks, on whether they were likely to end on Tuesday and on whether a public statement would be made.

Radius Prawiro, the chief debt negotiator for Indonesia, said on Monday he expected "good things" to come out of the meeting.

Prawiro said he planned to spend three days in Frankfurt.

A total of 13 banks are represented at the talks, including the three co-chairs Deutsche, Bank of Tokyo-Mitsubishi Ltd and Chase Manhattan Corp. Deutsche is the only German banks at the talks.