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.
A recent flurry of outbound Chinese acquisition financings could be short-lived as deteriorating relations between China and the US curb investment and raise the prospect of a global trade war.
State Bank of India is seeking a new five-year loan of around US$300m–$400m after a US$750m three-year loan failed to attract lenders in general syndication.
In an unusual move, state-owned electricity utility Perusahaan Listrik Negara is revising the terms of its debut foreign currency loan of up to US$2bn after the deal had been launched into general syndication earlier this month.