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.
Upstream oil-and-gas company Energi Mega Persada is returning to the offshore loan markets after a six-year gap with a deal structure that aims to maximise its appeal to diverse investors.
Leveraged finance practitioners hoping for a pick-up in activity in Asia were left disappointed with the withdrawal of key sponsors from the buyout of Chinese online-game developer Shanda Games. The development in effect kills any financing opportunity for foreign lenders and is likely to be an
Privately held conglomerate Reignwood Group, known for its distribution of the Red Bull brand in China, is making its debut in the offshore syndicated loan markets with a US$160m three-year loan. Sole bookrunner Credit Suisse has launched the bullet loan into general syndication inviting banks on three levels. The deal pays a margin of 300bp over Libor.