Multicurrency loans

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Multicurrency loans

Gives the borrower the possibility of drawing a loan in different currencies.

Multicurrency Loans

Loans in which the borrower, at his/her discretion, may receive the funds from the loans in more than one currency. Some multicurrency loans only use two currencies, while others give the borrower the choice of several currencies. Multicurrency loans are particularly useful to multinational corporations that wish to reduce the foreign exchange risk in financing a project that may need to occur in several countries at once. See also: Dual currency issue.
References in periodicals archive ?
UCHK Consulting announces huge interest in a multi-currency loan product offering attractive mortgage rates 1.
The European Bank for Reconstruction and Development (EBRD) is boosting its support for the financial sector in Tajikistan with a multi-currency loan facility, equivalent to US$ 5 million, to AccessBank Tajikistan CJSC for the benefit of its micro, small and medium-sized enterprise (MSME) customers.
The multi-currency loan sought by India's top producer of the alloy includes two seven-year facilities of 1.
Investcorp completed a new $529m multi-currency loan facility in June with international and Gulf banks.
5 billion) last week through a multi-currency loan structured around its portfolio of syndicated loans to corporates.
The five-year, multi-currency loan provided by the Industrial and Commercial Bank of China is on terms, TCT says, that are more favourable than an outgoing loan provided by Credit Suisse, which was due for repayment in October 2010.
Emirates NBD, the leading bank in the Middle East, has raised a $410 million, equivalent 5-year multi-currency loan at an extremely competitive margin of 1.
The multi-currency loan facility worth US$480 million was for TCT's City Center asset in Shanghai.
Borrowings under the credit facility will be used to refinance the Company's existing Multi-Currency Loan Agreement; fund the acquisition of ATP Automotive, Inc.
The multi-currency loan equivalent to US$ 4 million, will be used by FINCA to increase financing for micro and small businesses mainly outside the capital, in regions underserved by banks.
Investcorp completed a new $529 million multi-currency loan facility in June with close international and Gulf relationship banks.
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