Select local currencies are also available for specific domestic needs Currencies such as GBP, USD, EUR, JPY, SGD and RMB are the most common currencies. A syndicated loan can accommodate several types such as Term Loan, Revolving Credit Facility and Standby Letter of Credit.A Facility Agent will also be appointed to manage the day-to-day activities of the loan. During the syndication process, the Arranger or Arrangers will negotiate the loan terms with the borrower with the aim of bringing a marketable syndication to syndicate banks. A syndication process for a corporate loan typically takes two to three months to complete.Areas such as Manufacturing, Pharmaceuticals, Automotive, Financial Services, Natural Resources and Commercial Real Estate are some of the key industries for syndicated loans Syndicated loans can be used for a variety of purposes such as Project Finance, Working Capital, Merger and Acquisition and Structured Finance. Facility size is typically in excess of USD100 million with tenors in excess of one year.A facility agent will be appointed to manage the loan on behalf of the lenders. The same terms and conditions apply to all lenders in the syndication and all lenders agree to one loan agreement. BOC UK > Corporate Banking > Corporate LoansĪ syndicated loan is a loan extended to a single customer by multiple financial institutions, which are formed into a lender group, or syndicate, for that purpose.
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