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.
The central bank has dealt Indian borrowers a major blow with a change in regulations that shuts out lesser credits and domestic banks from refinancing in foreign currencies.
Lenders that provided a US$60m loan in August to Chinese Frankfurt-listed shoemaker Ultrasonic were left reeling after two of the borrower’s top executives disappeared after the company’s three-year loan had been drawn down in full.
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.