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General description

A syndicated loan concerns the financing of a firm by two or more banks—each of which undertakes a certain percentage of the loan—usually to meet investment or longer-term working capital needs.

Features

  • Repayment in instalments with or without a grace period, or repayment of the principal upon maturity
  • Term: 3 to 5 years
  • The interest rate can be fixed or floating, and is agreed following negotiation with the banks.