Loan syndication


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Loan syndication

Group of banks sharing a loan. See: Syndicate.

Loan Syndication

A practice in which several banks each lend an amount of money to a borrower at the same time and for the same purpose. The banks participating in the loan syndication cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money that the individual banks could not afford easily. Loan syndication is a temporary arrangement between the banks. See also: Syndicate.
References in periodicals archive ?
Edited by Tony Rhodes (former-Global Head of Loan Syndication, HSBC) and written by him in association with several other leading practitioners, this book allows you to benefit from decades of combined syndicated lending expertise.
VX) has said that it has hired Justin Crane, the former head of loan syndication for the Asia-Pacific region at Barclays Capital (LSE: BARC) (NYSE: BCS), as its head of loan syndication for Asia excluding Japan.
Strategic Research Institute's Syndicated Loan Symposium is an excellent opportunity for companies to gain valuable information on the growing significance of the syndicated loan market, to learn about your competitor's success in 2000 and to apply the strategies unveiled at this symposium to your 2001 loan syndication strategy.
5 million loan syndication, consisting of an amended floor plan credit facility and a revolving credit facility.
Switzerland-based Credit Suisse (NYSE: CS) has announced that it has named a director and head for loan syndication in Asia excluding Japan.
Fowler joined the loan syndication team in Summit's capital markets unit in 1998.
Upon completion of the senior loan syndication, Allied Capital's commitment to 3SI Security Systems will total approximately $26.
In other appointments, Laurent Deroy, who has been with Calyon since 1991, was named Head of the Loan Syndication Sales and Trading Team, on which he has served since 2000.
Bank of America Corp (NYSE: BAC) has announced that it has named a head for loan syndication.
David Juge has joined Warburg Dillon Read as Managing Director and Head of Loan Syndication for the Americas.
Since that time, it has become an international standard within the loan syndication communities in the US and Europe, and has expanded into the mergers & acquisitions, private equity and corporate markets.
Global Banking News-6 November 2009-Corporation Bank launches loan syndication business(C)2009 ENPublishing - http://www.