Prakash Chakravarti is a senior writer with Thomson Reuters/IFR/LPC, where he has worked for nearly 12 years in several senior positions. He has written extensively on Asian loan markets, including contributing to books and management reports, and been instrumental in the events and conferences organised by IFR relating to capital markets in the region. He has also covered other asset classes such as bonds and equity, and written about trends in commercial and investment banking and capital markets in Asia.
Loan pricing in Asia is starting to rise as experienced repeat borrowers in China, Hong Kong and India pay higher margins to attract lenders faced with rising funding costs of their own.
Leveraged finance is off to a promising start in Asia Pacific in 2019, with a handful of big-ticket private equity buyouts set to hit the loan market despite high levels of economic uncertainty.
Anta Sports Products has launched syndication of a five-year €2.2bn loan with a foreign bank-dominated arranger group, demonstrating that sentiment among international lenders remains strong for Chinese privately owned enterprises despite the trade war between the US and China.