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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BANKING AND CREDIT NEWS-August 13, 2019--ING Bank Turkey concludes syndicated loan
M2 EQUITYBITES-August 13, 2019--ING Bank Turkey concludes syndicated loan
Global Banking News-August 13, 2019--ING Bank Turkey concludes syndicated loan
("JinkoSolar Japan"), a subsidiary of the Company, has upsized a two-year JPY5.3 billion syndicated loan signed in June 2018 to JPY6.7 billion during its annual review in June 2019.
He further noted that in case of issuing a syndicated loan, the amount of lending will cover tens of millions of manats, while in case of issuing loans from the parent bank, the amount will cover between $50-100 million.
A syndicated loan is a sweetheart deal concluded in smoke-filled boardrooms without too much disclosure.
Next month, Kenya is expected to clear a $800 million (Sh80 billion) syndicated loan it obtained from Standard Chartered, Standard Bank, Citi and Rand MerchantBank in April 2017.
LONDON: IHS Markit launched a portal that consolidates critical data for participants in the $1 trillion syndicated loan market.
Fifty-four managers of seven state banks involved in the Ching-Fu syndicated loan fraud scandal have been punished, according to the Financial Supervisory Commission (FSC) on Tuesday.
Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, was recently recognised as the winner in the 'Syndicated Loan of the Year' category at the Bonds, Loans and Sukuk Middle East Awards which was held in Dubai, UAE.
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 $127.8m.