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.
Just four months after borrowing a record amount in the international loan market, the Democratic Socialist Republic of Sri Lanka has returned for an even larger facility of US$1bn on the back of its growing international profile.
Trans Retail Indonesia has mandated seven banks on a US$575m refinancing loan to help clean up the capital structure of its retail business.
Syndicated loan volumes in Asia-Pacific, excluding Japan, fell for the second consecutive year, slipping to a three-year low as slower economic growth and geopolitical turbulence curtailed bank lending despite a surge in M&A activity in China.