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.
China National Chemical Corp (ChemChina) has lined up the biggest loan on record for an Asian borrower to back its SFr43bn (US$42.4bn) acquisition of Swiss seeds and pesticides company
With a handful of sizeable takeovers in the offing, even foreign banks are hoping for a piece of the action, betting that their advisory work and underwriting abilities will beat fierce competition from mainland lenders.
Loans in international currencies amounted to US$471bn in 2015, down from a record US$523bn in 2014, according to Thomson Reuters LPC. The figures include club loans and count Australia, but not Japan.