bullet loan


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Bullet loan

A bank term loan that calls for no amortization.

bullet loan

A loan with a 5- to 10-year term,no amortization,and the entire principal balance due at the end.

References in periodicals archive ?
Garcia previously indicated that one of the big-items the state-run firm would need to settle this year is a bullet loan maturity amounting to US$1.1 billion; plus P31 billion more worth of regular amortization on other outstanding financial obligations.
For example, Gipuzkoa has been allocating EUR8.8 million a year since 2016 to a sinking fund for a EUR61.7 million bullet loan redemption in 2022.
The five-year bullet loan is co-financed by eight major international banks including Bank of Tokyo- Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, Mizuho Bank, HSBC, Standard Chartered, Natixis, Citibank and First Abu Dhabi Bank.
The company has sent out a request for proposals for a five-year bullet loan, one of the sources quoted by Reuters said.
"Under a bullet loan, the amount borrowed is repaid at the end of the term."
The loan is a "bullet loan," meaning that Tunisia will repay in 2025 the entire principal of the loan (1 billion dollars) plus interests.
M2 EQUITYBITES-May 9, 2012--Bank of China (Hong Kong) leading bullet loan deal for Sinotruk(C)2012 M2 COMMUNICATIONS http://www.m2.com
BANKING AND CREDIT NEWS-May 9, 2012--Bank of China (Hong Kong) leading bullet loan deal for Sinotruk(C)2012 M2 COMMUNICATIONS http://www.m2.com
They accordingly asked the Northern Trust Corp.'s banking department what the market rate was for a 15-year bullet loan. The banking department quoted a rate of 6.7%.
A final agreement, encompassing a 5-year bullet loan along with an 8-year amortizing facility, is set to be signed on the 4th of December 2011.
The five-year bullet loan, which is due to be signed next year, will pay a, so- called, all-in fee of 100 basis points over benchmark rates, the report said.
The facility consists of a bullet loan of EUR220m and a revolving credit of EUR110m.