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.
Canadian real estate investment company Oxford Properties Group is tapping a A$2.22bn (US$1.62bn) loan for its proposed acquisition of Australia’s Investa Office Fund.
State-owned Semen Indonesia is raising US$1.25bn through a bridge loan for its proposed acquisition of the local business of Swiss company LafargeHolcim, catapulting Indonesia to the centre of event-driven financing activity in Asia.
International lenders are taking the vetting of potential Chinese borrowers to previously unheard of lengths as the US-China trade war intensifies, dealing a further blow to already flagging syndicated loans to China.