Syndicated loan

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Revision as of 05:29, 4 October 2013 by imported>Doug Williamson (Categorise page.)
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A loan from a number of different lenders acting collectively.

Historically the lenders were normally banks, acting through an 'agent bank'.

More recently some 'non-banks', notably hedge funds or pension funds, will also be parties to syndicated loans – in the primary market for sub-investment grade and, in the secondary market more widely too.

Non-bank lenders are particularly attracted to fully drawn, often fixed rate tranches of a loan rather than rather than revolving or stand-by tranches.


See also


Other links

Syndicated loans: non-bank lenders; credit derivatives and loan pricing, ACT 2007