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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By CHARLES MWANIKIKenya could end up spending more than 80 per cent of the proceeds of last week's Sh202 billion Eurobond on retiring syndicated loans contracted in 2015 and 2017, the prospectus used to secure the loan shows.
In 2017, the National Bank of Egypt (NBE) arranged and participated in syndicated loans amounting to EGP 85.
The expanded offering will provide asset managers and investors who hold syndicated loans in a multi-asset class portfolio with an integrated view of risk by incorporating loan-specific risk factors into MSCI's suite of multi-asset class risk and performance analytics tools.
In addition to this transaction, Mizuho has arranged a number of other cross-border syndicated loans for its clients in the Americas in the past year.
BANKING AND CREDIT NEWS-September 17, 2014--BNY Mellon launches alternative structure for US syndicated loans
M2 EQUITYBITES-September 17, 2014--BNY Mellon launches alternative structure for US syndicated loans
However, the syndicated loan market in China has recently been growing very rapidly and witnessed a sharp annual growth of 65% to US$37 billion in syndicated loans in the first three quarters.
Summary: Moody's Investors Service is introducing a threshold level of EUR250 million for the assignment of credit estimates to syndicated loans.
Summary: Syndicated loans in the Middle East and North Africa have plunged to the lowest level since 2004 as international lenders reduced participation because of the Arab uprisings, and falling yields encouraged companies to sell bonds.
Garanti Bank's CEO Ergun Ozen said after the signing ceremony in London that they proved their power in banking relations and their expertise in syndicated loans once again.
13) In fact, one of the few references to syndicated loans implies that the goal of the risk retention requirement is to cause the asset-backed securitization market to manage the risk of information asymmetry (14) in the way such risk is currently managed in the existing syndicated loan market.
The current financial crisis has also impacted the market size and composition of syndicated loans, which are a unique type of commercial.