Syndicated Loan


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Syndicated Loan

A large Eurocurrency loan from a group of international banks.

Syndicated Loan

A loan made by many lenders to a single borrower. Syndicated loans are made in large amounts that would be too big for one lender to handle. In many ways, a syndicated loan operates like an ordinary loan; there is an interest rate (fixed or floating) and a time until repayment is due. It may be a direct loan or a revolving line of credit or a combination of the two. However, syndicated loans are usually made on a best effort basis, meaning that if the lenders are unable to find enough capital or additional lenders to cover the amount requested, the amount borrowed will be less than anticipated. They are common in leveraged buyouts.

syndicated loan

a LOAN which is provided by a number of financial institutions on a collective basis, each subscribing a specified amount of money. Syndicated loans are usually put together by a ‘lead’ organization, for example, a commercial bank.
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38 billion equivalent via Bond, Sukuk and Syndicated Loan markets for UAE clients this year, more than any other domestic or international bank, according to Dealogic.
Turkey's Yapy Kredi Leasing has successfully closed a $106 million syndicated loan arranged by Bahrain-based Bank ABC and HSBC.
The payments are part of the Dubai-based district cooling provider's syndicated loan facility of $600m, and the bilateral loan facility of $127.
The two installments are part of Empower's syndicated loan facility of $600m, and the bilateral loan facility of $127.
Gerald Lawless, president and group CEO, Jumeirah Group said; "The pricing we have been able to achieve for this syndicated loan is a testament to the company's financial strength and future prospects.
Gerald Lawless, president and group CEO, Jumeirah Group, said: "The pricing we have been able to achieve for this syndicated loan is a testament to the company's financial strength and future prospects.
4 billion unsecured syndicated loan that will be used towards the group's ambitious expansion plans.
Bulgaria will seek a EUR 360 M syndicated loan from German banks to finance its budget shortfall, the government announced.
Debtdomain is the preeminent player in the syndicated loan space, with a strong client focus, a winning track record, and an approach to technology that is well aligned with our own.
28, 2012 (CENS) -- Asia's syndicated loan value showed a sizable annual drop of 26% to US$199 billion in the first three quarters and the number of cases declined to 676 from 845, according to the statistics released by Thomson Reuters Basis Point Corp.
Summary: First Gulf Bank, or FGB, said it hired eight banks to arrange an $800 million loan, the third Middle Eastern bank to borrow from the syndicated loan market since August.
has arranged a syndicated loan of USD 750 million for an airport project in Saudi Arabia that meets Islamic financing principles, a top-selling business daily here reported Monday.