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.
Hong Kong bellwether Hutchison Whampoa’s three-year bullet refinancing for a newly created property unit has raised a record HK$140bn (US$18.06bn), highlighting the borrower’s relationship pull and the liquidity available for the right name even at tight pricing.
Noble Group is wooing lenders with a US$2.25bn refinancing launched last week even as the commodity trader finds itself in the crosshairs of two research firms questioning its accounting and disclosure practices.
The Reserve Bank of India announced rules last week that curb new offshore loans backed with export-performance bank guarantees and rock potential volumes of offshore debt offerings from the country.