Syndicated Loan is a form of business loan that is provided two or more lenders (commercial banks or investment banks) jointly to one or more borrowers (a corporation, large project or government), usually, one bank is appointed to manage the loan business on behalf of the syndicate members on the same loan agreement. The Syndicated Loan involves a fixed amount of funds, a credit line or a combination of the two, an interest rate (fixed or floating), and a time until repayment is due.
Related Definitions in the Project: The Commercial Definitions
