
	Where results make sense

Topic: Syndicated loan

Related Topics

Savings and loan associations

loan word

Savings and Loan scandals

loan shark

Peter Van Loan

savings and loans

Nguyen Ngoc Loan

interlibrary loan

Home Owners Loan Corporation

Federal Home Loan Mortgage Corporation

bridge loan

Interest only loan

In the News (Thu 16 Feb 12)

EXECUTIVE POWER

Iran

ANALYSIS

Pakistan

Family compact

	Komerční banka - Syndicated loan
		Syndicated loans are a special category of loans in which an arranger, or group of arrangers, forms a group of creditors on the basis of a mandate to finance the debtor.
		Following the formation of a syndicate of creditors who have agreed to participate under the terms and conditions specified by the arranger, at the end of syndication phase one bank is usually chosen from the group of arrangers to act in the capacity of syndicated loan administrator (agent).
		The main characteristic of syndicated loans is their variability, given by the fact that the potential debtor can ask for offers from various arrangers from which he can then choose a concrete solution.
	www.kb.cz /en/seg/seg4/products/syndicated_loan.shtml (501 words)

	White & Case LLP - Publications - Syndicated Loans Resemble Shared Taxis
		After the loan agreement has been concluded, the syndicate character of the loan is most prominent in the administration of the loan: all of the participating banks undertake to comply with majority decisions of the consortium, even if they do not consent to the respective measure as an individual entity.
		Syndicated loan agreements are marked by their flexibility, paired with anonymity: the participating banks are usually entitled to transfer their proportion of the loan to a third party without the borrower's consent.
		However, since the syndicated loan agreement is, after all, an instance of a loan agreement, it is governed by the provisions of section 497 to 507 of the Commercial Code.
	www.whitecase.com /publications/detail.aspx?publication=131 (1481 words)

	CIT Syndicated Loan Group - Par Loans, Distressed Debt Trading, Workout And Portfolio Management, Commercial Loan ...
		We are a new CIT business led by a veteran management team with more than an aggregate 60 years success in leveraged finance, workout and portfolio management.
		Our mission is to centralize CIT’s investments in par bank loan participations and establish a first-class distressed debt platform.
		We continue to use our many years of experience investing in bank debt and the industry expertise of the other CIT business units to develop a highly profitable and well-diversified portfolio.
	www.cit.com /main/financial-solutions/corporate-finance/syndicated-loan-group (155 words)

	Syndicated Loans - Other advantages of syndicated loans, Syndicate formation
		Syndicated loans are loans made by two or more lenders and administered by a common agent using similar terms and conditions and common documentation.
		Syndicated loans hinge on the creation of an alliance of smaller banking institutions who, by joining forces, are able to meet the credit needs of the borrower.
		Syndicated loan facilities can increase competition for your business, prompting other banks to increase their efforts to put market information in front of you in hopes of being recognized.
	www.referenceforbusiness.com /small/Sm-Z/Syndicated-Loans.html (1404 words)

	Syndicated Loans
		A syndicated loan is a loan made by two or more lending institutions, on similar terms and conditions, using common documentation and administered by a common agent.
		Using syndicated loan markets international companies and selectively other companies are able to diversify their financial sources and create new or strengthen the existing bank relationships whether domestic or international.
		One of the main advantages of the syndicated loan market is also that the large amounts of funds (large amounts in absolute terms or in proportion to the size of the borrower) are achievable within a reasonable short timeframe.
	markets.meritanordbanken.com /eng/gallery/products/syndicateloans.asp (681 words)

	Syndicated Loans
		This loan was structured as a 10-year amortising term loan with a 3-year grace period and this part of the financing facility was not syndicated.
		The first syndicated loan for Kazkommertsbank was signed in July 1997, when the Bankers Trust arranged a medium-term syndicated loan worth USD 30 million.
		Loan A is for 7 years and is worth USD 10 million, at a rate of LIBOR+4%.
	www.emgmkts.com /kazkommerts/research/external_debt/syndicated_loans.htm (917 words)

	RBA: RBA Bulletin September 2005-Syndicated Lending
		Though there is a single loan agreement, each participant to a syndicated loan maintains a separate claim on, and bears the credit risk for, the portion of the loan that it has provided.
		Syndicated loans are a significant source of external funds for non-financial businesses in Australia, accounting on average for one-quarter of their intermediated debt raisings over the past three years.
		The decrease in loan spreads suggests that the recent increase in syndicated loan activity is more supply than demand driven, which is consistent with trends evident in other financing markets, such as corporate bonds, whereby a strong supply of funds has led to a narrowing in spreads.
	www.rba.gov.au /PublicationsAndResearch/Bulletin/bu_sep05/syn_lend.html (2087 words)

	Syndicated loans: Calyon, a committed global player in credit syndication and large financing facilities (Site not responding. Last check: 2007-09-12)
		Syndicated loans are large financing facilities granted to a borrower by a group of financial institutions who share the lending risk between them.
		The market for syndicated loans began in the 1970s and has become a major source of international financing; sources estimate that it accounts for around one-third of total financing, including all types of funding such as equities, bonds and short-term commercial paper.
		Syndicated loans are the only means of raising, rapidly and with few formalities, sums greater than are available on other markets, like bonds and equities, or through private placements.
	www.calyon.com /news-zooms-/syndicated-loans-syndication-financing.html (1646 words)

	FDIC: National Regional Outlook, First Quarter 1999: In Focus, Recent Trends in Syndicated Lending
		A syndicated loan is a credit extended to one large or medium-sized corporate borrower that is originated by a group, or syndicate, of lenders.
		The investment-grade loan market, often referred to as the pro-rata or retail market, is the lowest-risk segment of syndicated lending and comprises approximately 80 percent of all volume originated from 1987 to 1997.
		Loans subject to review are syndicated loans or groups of loans and commitments of $20 million or more shared by three or more supervised institutions.
	www.fdic.gov /bank/analytical/regional/ro19991q/na/infocus3.html (3127 words)

	The Syndicated Loan Market: Developments in the North American Context
		He explores the historical forces that led to the development of the contemporary U.S. syndicated loan market, which is effectively a hybrid of the investment banking and commercial banking worlds.
		The Canadian syndicated loan market has been strongly influenced by its U.S. counterpart, but it is not yet at the same level of development.
		"Syndicated Loans," Journal of Financial Intermediation, Elsevier, vol.
	ideas.repec.org /p/bca/bocawp/03-15.html (365 words)

	Syndicated Loan - Bank Of China (Site not responding. Last check: 2007-09-12)
		Under the arrangement of syndicated loan, one bank or several banks (as the arrangers) organize other banks to grant loans to the same borrower under one loan agreement according to agreed terms.
		According to the national industrial policies and economic development plan of the local government, syndicated loans are focused on energy, transportation, hi-tech industries and regional key projects.
		The loan memorandum and invitation to the syndicate are prepared, related financial institutions are invited.
	www.bank-of-china.com /en/common/third.jsp?category=1099363410100 (289 words)

	MilkenInstitute.Org > Newsroom > Growth of Syndicated Loan Market in U.S. Has Led a ‘Quiet Revolution’ in Capital ...
		The development of the syndicated loan market has led to a “quiet revolution” in America’s capital market and has allowed the U.S. economy to avoid a damaging credit crunch during the last recession, according to a new study from the Milken Institute.
		The study, funded in part by the Loan Syndications and Trading Association (LSTA), offers the first in-depth analysis of this vast and largely unknown market and how it functions, including its value to investors, borrowers and lenders, and a description of the innovations and assets that have originated in it.
		“Syndicated loans have proven themselves to be an attractive asset class with low correlations to other assets, low volatility of returns and an attractive risk/return profile compared to many other traditional fixed-income investment categories,” says the report.
	www.milkeninstitute.org /newsroom/newsroom.taf?cat=press&function=detail&level1=new&ID=66 (752 words)

	FindLaw - RMB $5 Billion Syndicated Loan Agreement - China Mobile (Shenzhen) Ltd., Bank of China, Construction Bank of ...
		The Agency Bank is the loan manager after the execution of this Agreement; the Agency Bank designates a particular person to be in charge of the specific issues with regard to the syndicated loan, and is responsible for transferring to the Lending Banks relevant financial information and data provided by the Borrower; iv.
		In case that the Borrower fails to repay the syndicated loan in full on schedule, the Agency Bank shall, pursuant to the provisions herein, distribute the repaid amount among the Lending Banks in accordance with their corresponding share of the Loan.
		The Lending Banks, the Borrower and the Guarantors have executed a Syndicated Loan Agreement on Renminbi 5,000,000,000 Loan and a Syndicated Loan Agreement on Renminbi 7,500,000,000 Loan on October 7, 2000, and the Guarantors executed Letters of Guarantee in favor of the Lending Banks.
	allbusiness.findlaw.com /agreements/chinamobile/loan.5b.2000.10.07.html (5924 words)

	Senior Loan Officer Opinion Survey: August 2000
		The survey also indicated that syndicated loans tend to be concentrated at large domestic banks and at foreign branches and agencies.
		For loans to small firms, almost all domestic banks reported that at least half of their outstandings were collateralized, and nearly 80 percent of banks reported that more than three-quarters of their small business loans were secured by collateral.
		Consistent with the relatively small share of highly leveraged syndicated loans on their books, domestic banks, on balance, said that the delinquency rate on their syndicated loan portfolio was somewhat lower than the delinquency rate on their traditional C&I loans.
	www.federalreserve.gov /boarddocs/SnLoanSurvey/200008/default.htm (1820 words)

	Pravda.RU:ALROSA receives $60bn syndicated loan
		The term of the loan is two years, Vladimir Kalitin, head of ALROSA, announced after the signing of the loan agreement.
		The co-organizers of the loan were Gazprombank and the International Investment Bank, and the lead managers were Donaubank AG (Vienna) and East-West United Bank SA (Luxemburg).
		Kalitin reported that the loan would be used for financing of mining and export or raw diamonds.
	english.pravda.ru /comp/2002/06/24/30967_.html (259 words)

	ILN Newsletter - Lender Liability in Syndicated Loans
		Firstly, the fact that lenders in syndicate loans come from the same industry and share broadly the same expectations as to the behaviour of syndicate members agents and arrangers in syndicated loans.
		Inevitably, questions as to the terms of loan documents and of liability of inter parties arise, only where there is a significant dispute with the borrower itself, usually arising from a deterioration of the asset or project to which the financing relates.
		Once the syndicated facility has been signed and the transaction has been settled, it is generally accepted that the role of the lead bank is no longer to be seen as an agent of the borrower in procuring the finance but now an agent of the lenders in managing the syndicate.
	www.ag-internet.com /push_news_one_two/sydney.htm (4055 words)

	The Syndicated Loan Can Become An Unregistered Security\| Print Bowne Digest (Site not responding. Last check: 2007-09-12)
		If syndicated loans were considered securities, they could be made only if the loan complies with the securities laws, which are significantly more onerous than the requirements of the banking or other laws to which the lenders may be subject.
		Syndicate the loan only to sophisticated investors, restrict transfers, and require the consent of the agent bank to approve transferees.
		Because a syndicated loan may be treated as a sale of securities, the author counsels parties to structure the transaction in a way that ensures they can get a private placement exemption from registration.
	www.bowne.com /newsletters/friendly.asp?storyID=1108 (708 words)

	Global loan syndication with Calyon.com: syndicated loan, corporate financing (Site not responding. Last check: 2007-09-12)
		Syndicated loans are an integral part of capital raising.
		The syndicated loan market, which has developed itself with general corporate financing, is also covering specialist areas such as project finance, structured trade and commodity finance, export finance, property finance and LBO's.
		Calyon is one of the leading players in the syndicated loan market, which has seen a rapid growth in the last years.
	www.calyon.com /financing/loan-syndication-/global-loan-syndication (362 words)

	Business Finance Article Archives
		Syndicated loans reside at the most-complex end of the continuum.
		Unlike bonds, syndicated loans don't require issuers to undertake the time-consuming and costly process of preparing a public prospectus, notes Don McCarthy, research analyst with the Milken Institute, an economic think tank in Santa Monica, Calif. However, that's not to say that syndicated loans are free.
		The art of negotiating a syndicated loan's covenants lies in achieving an acceptable balance between protecting the lender and reducing the cost of the loan on the one hand, and ensuring that the borrower retains ample room to operate on the other.
	www.bfmag.com /magazine/archives/article.html?articleID=14414&Print=Y (1960 words)

	Syndicated Loan : Sumitomo Mitsui Banking Corporation
		One of SMBC's core strengths in the Asia Pacific region is syndicated lending.
		Arranging, structuring, placement and syndication of loan facilities throughout the region, including Hong Kong, China, Taiwan, Korea, Philippines, Thailand, Singapore, Malaysia, Indonesia, India and Australia.
		Being one of the leading arrangers of syndicated loan transactions in the region.
	www.smbc.co.jp /global/asia/syndication_loan/index.html (118 words)

	Syndicated Loan Markets
		PB Capital's Syndicated Loan Markets' mission is to create and maintain a well-diversified portfolio of sound corporate loan exposures that have investment grade or near investment grade ratings.
		Syndicated Loan Markets has relationships with all the major syndication agents, and our client base consists of a diversified portfolio of large and medium-sized corporate borrowers.
		We also have a Loan Trading Desk which contributes to the diversity of our portfolio and helps to maximize returns and liquidity.
	www.pb-us.com /synd-loan.html (132 words)

	International Finance Blog » syndicated loan agreement
		The syndicated loan agreement we are reading this week sets up a structure under which a number of lenders agree to lend money to a borrower/borrowers.
		It is a revolving facility: rather than the borrower borrowing the total amount of the loan on day 1 and repaying that amount at the end of a particular period, the loan is expressed as a facility.
		This section describes the loan facility/facilities which the lenders are making available to the borrower(s), and refers to conditions precedent to the borrower being entitled to ask for funds (see Schedule 2 at p 73, and clause 4.4 at p 13) or to the lenders’ obligations to lend (see clause 4.2).
	intfin06.umlaw.net /?p=28 (665 words)

	IntraLinks > Solutions > Syndicated Loans
		IntraLinks provides a more efficient way for syndicating and administrative agents to manage the lifecycle of a syndicated loan.
		When you use IntraLinks to manage your deals, all key loan-related information is stored in a single, central location that’s accessible 24 hours a day from anywhere around the world.
		Since then, our services have been embraced by the leading syndicating and administrative banks for the secure exchange of information throughout the life of a loan.
	www.intralinks.com /solutions/syndicated-loans (202 words)

	FindLaw - RMB $7.5 Billion Syndicated Loan Agreement - China Mobile (Shenzhen) Ltd., Bank of China, Construction Bank ...
		The Agency Bank is the loan manager after the execution of this Agreement; the Agency Bank designates a particular person to be in charge of the specific issues with regard to the syndicated loan, and is responsible for transferring to the Lending Banks relevant financial information and data provided by the Borrower; iv.
		In case that the Borrower fails to repay the syndicated loan in full on schedule, the Agency Bank shall, pursuant to the provisions herein, distribute the repaid amount among the Lending Banks in accordance with their corresponding share of the Loan.
		The Loan Agreement Provides that the total amount of the principal of the loan (the "Loan") granted to the Borrower by the Lending Banks shall not exceed Renminbi seven billion five hundred million (RMB 7,500,000,000.00).
	contracts.corporate.findlaw.com /agreements/chinamobile/loan.7.5b.2000.10.07.html (5248 words)

	Technical Information - LMA/BBA/ACT Syndicated Loan Document Launch - 28 October 1999
		The Loan Market Association was opened for membership in December 1996 with the objective of fostering liquidity in the Euroloan markets.
		With membership currently standing at over 120 banks, law firms and other institutions, the mission of the Association is to act as the authoritative voice of the syndicated loan market in Europe vis a vis banks, borrowers, regulators and other affected parties.
		New issue volume of syndicated loans in the European market is expected to total a record US$375 billion in 1999.
	www.treasurers.org /technical/papers/lma.cfm (830 words)

	[No title] (Site not responding. Last check: 2007-09-12)
		Loan ratings not only offer an independent and objective assessment of credit risk, they also enhance distribution in the primary markets and facilitate liquidity in the secondary markets.
		The process of undertaking a syndicated bank loan rating is almost identical to that for a bond rating and includes a detailed analysis of both business and financial risk and an assessment of management’s capabilities and track record.
		Loan ratings are monitored in the same way as bond ratings and include a full written research service and full access to the relevant analyst.
	www.moodys.com /moodyseurope/mdcsHighlightsPage.aspx?template=corporates&mdcsId=2§ion=corporates (572 words)

Try your search on: Qwika (all wikis)