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 clamped down on capital outflows last week in a surprise move that bankers warned could scupper outbound acquisitions and make it harder for PRC firms to raise funds overseas.
Export Development Canada is hoping to arrange more offshore rupee loans for Indian borrowers after completing a Rs3.4bn (US$50m) three-year financing for Infrastructure Leasing & Financial Services, the country’s first Masala loan.
Papua New Guinea is following in the footsteps of other Asian frontier sovereigns in tapping the syndicated loan market for a US$200m five-year borrowing.