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.
Indonesia is shaping up to be one of the highlights of the Asian loan market in 2014 as lenders wager that the country’s new government will push through necessary economic reform.
Tata Steel has hit the market with its long-awaited US$5.64bn-equivalent loan component of a US$7bn refinancing, in the largest and potentially also Asia’s most widely syndicated borrowing of the year.
Chinese developer Agile Property Holdings, battling an industry slowdown and media speculation about ties to China’s former security chief, said it was in talks with banks about extending what remains of a US$475m loan due in December.