Loan syndication


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Loan syndication

Group of banks sharing a loan. See: Syndicate.

Loan Syndication

A practice in which several banks each lend an amount of money to a borrower at the same time and for the same purpose. The banks participating in the loan syndication cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money that the individual banks could not afford easily. Loan syndication is a temporary arrangement between the banks. See also: Syndicate.
References in periodicals archive ?
A relatively simple loan syndication might involve a single (albeit sizeable) revolving line of credit, with borrowings tied to a borrowing base formula (such as receivables or inventory) and lenders sharing interest and fees pro-rata based on their respective commitments.
The loan syndication market in the UAE, according to Das is robust with strong deal flows in the pipeline.
- Managing a larger loan syndication platform while maintaining financial
In his new role, Singh will oversee loan syndication, project financing, corporate finance and advisory as well as debt and equity capital markets businesses, the bank said.
Commercial loan syndication worldwide is concentrated primarily in North America (nearly 95 percent of it in the U.S.) and Europe, with both markets having recently experienced the same boom and bust.
And Moelis has plenty of company regarding loan syndication in nascent deals.
Courses covered in the programme include Consumer and Small Business Lending, Loan Syndication and Documentation, Back-office Islamic Banking, Operations, in addition to several other courses related to banking and leadership and management.
The Trump International Hotel & Tower loan syndication was the second in Las Vegas in 2006 for Hypo Real Estate Capital.
He was looking for assistance from a senior financial institution to create a loan syndication pool (LSP) of about $20 million that all AFIs could draw from.
Furthermore, companies that might normally oppose loan syndication are agreeing to the bankers' conditions in the hopes the terms will either not be exercised or will be done in close consultation with their bankers.
The meeting was attended by Marconi's senior executives as well as representatives of the 31 banks involved in the loan syndication.
Her job is to provide financial accounting and reporting advice, primarily for the bank's global wholesale worldwide operations, which include investment banking, loan syndication, trading, venture capital, mutual funds and private banking.