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 ?
EBRD Finance : EBRD will provide up to USD 30 million of multicurrency loan.
following the expiry of the Company's committed multicurrency loan facility
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.
EBRD Finance : Up to USD 125 million of multicurrency loan.
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 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.
ADB today signed a multicurrency loan worth $20 million for energy efficiency projects to be invested by Cofely Southeast Asia Pte.
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.
dollar-denominated notes or an interest in a multicurrency loan, at each claimant's election.
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.
National City offers a full line of cross-border financing and credit, including structured trade finance, letters of credit, multicurrency loans, alternative financing and a host of web-based products and services to meet the demands of global enterprise.
Lending rates for multicurrency loans were cut by 0.