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.
Veteran banker Kevin Tham has joined US hedge fund Varde Partners as managing director.
NTPC is breaking new ground for Indian borrowers with the first 10-year unsecured yen loan, which gives the state-owned power producer access to a new investor base and offers a cheaper alternative to offshore bonds.
Syndicated lending in Asia-Pacific, excluding Japan, hit a five-year low of US$292.47bn for the first nine months of 2017, down 19.55% from the same period last year, as more borrowers turned to the bond market and China’s curbs on overseas acquisitions dented volumes.