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 government of Sri Lanka has launched a three-year loan of up to US$500m after mandating five banks on its first loan in eight years.
Syndicated lending in Asia-Pacific (ex-Japan) in the first half of 2016 fell 13% year-on-year to US$210.7bn from US$241.94bn, extending earlier declines as the region reels from the economic slowdown in China.
Malaysian oil and gas giant Petronas is asking lenders to look beyond a state funding scandal with a US$7.2bn financing that is set to be the country’s biggest project loan.