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.
Embattled commodity trader Noble Group managed to increase marginally the size of its refinancing last week, but its syndicate group shrank as some existing lenders stayed away on concerns over allegations of improper accounting practices.
Navigat Energy is seeking to refinance a US$270m multi-tranche loan from November 2013 after parent MAXpower Group failed to complete a high-yield bond a few months ago.
Bank of China is preparing to syndicate a long-dated loan of nearly US$2bn to finance the acquisition of Philips Lumileds in the latest test of market appetite for a Chinese-led buyout and a little-known sponsor.