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.
Asia may be finally making its mark in the world of leveraged finance with a potential record-breaking buyout of British retailer Tesco’s South Korean unit.
Embattled commodity trader Noble Group managed to increase marginally the size of its refinancing last week, but its syndicate group shrank as some existing lenders stayed away on concerns over allegations of improper accounting practices.
Chinese display advertising company Focus Media, once a target of short-seller Muddy Waters, is working on a backdoor listing in Shanghai as it prepares to return to the public equity markets two years after delisting its US stock.