Multicurrency loans

(redirected from Multicurrency Loan)

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 ?
Project Description : The EBRD is considering providing a multicurrency loan in the amount of up to EUR 130 mln equivalent (KZT 50 bln) to KazTransGas-Aimak JSC, a natural gas distribution company of Kazakhstan.
The multicurrency loan facility will be added to the company's existing facility worth EUR123.
The new credit facility also provides the Company with an incremental uncommitted multicurrency loan facility for up to an additional US $750 million, which may be used to finance acquisitions and for other permitted purposes.
Project Description : The EBRD is considering providing a multicurrency loan in the amount of up to EUR 245 mln equivalent (KZT 93 bln) to Intergas Central Asia JSC, the national operator of gas transmission pipelines in Kazakhstan.
Project Description : The EBRD is considering a multicurrency loan of the amount of up to EUR 150 million equivalent to JSC Samruk-Energy, a state owned power utility, to support the company in the privatisation process as part of Samruk-Kazyna Transformation and Privatization strategy.
The new credit facility also provides the Company with an incremental uncommitted multicurrency loan facility for up to an additional US $450 million, which may be used to finance acquisitions and for other permitted purposes.
EBRD Finance : EBRD will provide up to USD 30 million of multicurrency loan.
Large claimants were also given an option to exchange existing claims for an interest in a multicurrency loan agreement, but very few elected to do so.
EBRD Finance : Up to USD 125 million of multicurrency loan.
dollar-denominated notes or an interest in a multicurrency loan, at each claimant's election.
The bank has inked a multicurrency loan valued at US$20 million for energy efficiency projects to be invested by Cofely Southeast Asia Pte Ltd, an arm of the French GDF Suez.
The amended facility is in an aggregate amount of $750 million (up from $650 million) and is divided into two tranches: a multicurrency term loan facility of $600 million (which may be reduced to $550 million under certain circumstances) and a revolving multicurrency loan facility of $150 million.