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.
Singapore is preparing to launch a collateralised loan obligation consisting of dozens of project financings across Asia-Pacific in a bid to boost institutional investment in Asian infrastructure.
China Development Bank has knocked out commercial lenders on a US$1bn loan for the Democratic Socialist Republic of Sri Lanka, underscoring China’s ability to support the Belt and Road initiative with cheap financing.
Greatship (India) has closed a US$249m seven-year loan that introduces a first-time foreign investor to Indian loans and a structure that paves the way for other borrowers to venture overseas.