A syndicated loan occurs when several authorized banks or financial institutions provide a borrower with a loan under the same terms via one correspondent bank. CMB can assist customers to determine the financial structure and join other banks to raise funds as required.
Syndicated loans focus on supporting national or local key projects in energy, IT, transport, high technology, and electromechanical equipment sectors that match national or local economic development programs.
Benefits
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Can raise a large amount of fund within a short timeframe;
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Enables the borrower to obtain long-term, steady flows of funding, and thus ease its financing burden and reduce the financing cost;
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Helps the borrower expand influence and improve fund-raising ability.
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.