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 potential buyout of Singapore-listed Global Logistic Properties has the Asian loan markets buzzing in expectations of a record leveraged financing.
Shortlisted bidders for Singapore-listed Global Logistic Properties have given banks a deadline of this week to commit as much as US$10bn of debt financing to support their offers.
The Islamic Republic of Pakistan had an exceptional week in the loan markets, as well as in sports, notching up successes with a US$650m borrowing along with victories in a major international cricketing tournament.