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.
Malaysian oil and gas giant Petronas is asking lenders to look beyond a state funding scandal with a US$7.2bn financing that is set to be the country’s biggest project loan.
Troubled logistics and transport firm McAleese has entered into a binding agreement with its lenders and an SC Lowy-led consortium that will recapitalise the company, and will lead to haircuts for existing lenders and the company’s delisting, according to a stock exchange announcement last Tuesday.
Noble Group’s long-term access to financing remains in question after the beleaguered commodity trader’s latest syndicated loan drew a far fewer banks than in previous years.