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.
UBS is backing one of three consortia that bid around W7trn (US$5.81bn) for the buyout of British retailer Tesco’s South Korean unit,
Doubts are emerging over another big acquisition of a US-listed Chinese company after the latest sell-off in global equity markets. Executives of medical devices manufacturer Mindray Medical International are talking to lenders about a US$2.2bn loan, but have yet to line up banks
Royal Bank of Scotland has sold almost all of its Asian loan portfolio in an unprecedented series of block sales, winding down nearly a decade-old operation in the region.