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Syndicated Lending by Andrew Fight

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Chapter 2

Attractions of the syndicated loan market

The syndicated loans market exists because there are attractions and benefits to each of the parties involved.

These are described as follows from the viewpoints of the various participating parties.

The borrower

Ability to arrange cross border transactions

The borrower need not be resident in the country in which the loan is arranged, so long as it does not breach any law or regulation (e.g. withholding tax or foreign currency restrictions) in its country of residence. It can therefore avoid any domestic funding constraints which may exist in its home market, and make new relationships with banks from different countries.

Alternate borrowers/Special Purpose Vehicles

The borrowing company may choose ...

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