The firm said that it has sold loan commitments
related to its banking business in China for GBP498m.
The closing of the new loan facility shows that Merck has a very good reputation among its banks owing to its strong position, and that a long-term loan commitment
can be obtained with good terms and conditions despite the current financial market turbulence," said Matthias Zachert, CFO of the Merck Group.
and loans have different characteristics, making it difficult to directly compare the prices of these instruments.
Earlier in the autumn of 1998, Nissan secured a similar one-year loan commitment
from a group of 10 Japanese banks, led by IBJ.
At the opening of the recent CGI meeting, the Leader of the Indonesian delegation, namely Coordinating Minister for Economic and Financial Affairs Saleh Afiff, did not hesitate to express his optimism that the CGI's loan commitment
for Indonesia for 1997/1998 would not decline, saying that if Japan and the United States reduced their loan commitments
, the Worm Bank and the Asian Development Bank would do something to compensate for the reductions.
Wachovia Mortgage is a leader in providing its mortgage loan consultants Fannie Mae's Desktop Underwriter technology and the ability to render on-the- spot loan commitments
Although nonbank entities, such as securitization pools, hedge funds, insurance companies, and pension funds, owned the smallest share of loan commitments
, they owned the largest share (62.
Kennedy Funding has the ability to issue loan commitments
in as little as 24 hours, which can lead to a closing in less than a week.
Total loan commitments
classified as either substandard, doubtful, or loss fell $78.
0 million based on current interest rates, as compared to the `all-in' cost of the Nomura loan commitments
signed in December 1995.
Since credit began contracting 18 months ago, Wells Fargo has made almost half a trillion dollars in new loan commitments
and mortgage originations," said Chief Financial Officer Howard Atkins.
We've made loan commitments
in just one day, even with just the raw land as collateral.