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Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market.This book covers:*Who the major players in the syndication loan market are*Why syndication loans are used*Syndication loan structures and documentation*Secondary syndication loan market*Inspired from the basic entry level training courses that have been developed by major international banks worldwide.*Will enable MSc Finance students, MBA students and those already in the finance profession to gain an understanding

AA / International- internationaal --- 333.712.0 --- Industrieel en handelskrediet: algemeenheden. --- Syndicated loans. --- Syndicates (Finance) --- Consortium (Finance) --- Pools (Finance) --- Underwriting syndicates --- Investment banking --- Participating loans --- Loans --- Industrieel en handelskrediet: algemeenheden

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We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic firms, and for firms with limited alternative financing sources. These adverse effects are mitigated substantially if consolidations are large, and can be avoided if consolidations are also accompanied with more adaptable macroeconomic policies and implemented by a stable government. These findings suggest that lenders price the short-term recessionary effects in loans but large consolidations can reduce or undo the increase in spreads, especially under favorable country conditions, by signaling credibility and creating expansionary expectations.

Debts, External. --- Debts, External --- Syndicated loans. --- Participating loans --- Loans --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- Syndicated loans --- E-books --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Industries: Financial Services --- Fiscal Policy --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- Fiscal Policies and Behavior of Economic Agents: Firm --- National Budget, Deficit, and Debt: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Debt Management --- Sovereign Debt --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Finance --- Public finance & taxation --- Monetary economics --- Fiscal consolidation --- Public debt --- Credit --- Fiscal policy --- Financial institutions --- Money --- Debts, Public --- Italy

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This paper explores the determinants of Japanese banks’ overseas expansion and assesses whether the growing cross-border activity will continue under the new macroeconomic policies referred as “Abenomics”. The analysis finds that Japanese banks are well positioned to scale up foreign exposures, thanks to their relative resilient balance sheets and continued growth in the region. Stronger domestic growth in Japan could mitigate the pace, but is unlikely to reverse the expansion as global and regional pull-factors play a more prominent role in the growth of cross-border claims. Increasing cross-border activity could pose funding risks and supervisory challenges and require continued close monitoring.

Banks and banking --- Finance --- Banks and Banking --- Macroeconomics --- Money and Monetary Policy --- Industries: Financial Services --- Financial Crises --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Banking --- Monetary economics --- Economic & financial crises & disasters --- Foreign currency exposure --- Global financial crisis of 2008-2009 --- Project loans --- Loans --- Money --- Financial crises --- Financial institutions --- Syndicated loans --- Foreign exchange market --- Global Financial Crisis, 2008-2009 --- Japan

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Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results show that MDBs' participation is associated with higher borrowing costs and longer maturities---signaling a greater willingness to finance high risk projects which may not be financed by the private sector---but it is also associated with lower spreads for riskier borrowers. Overall, our findings suggest that MDBs could crowd in private investment in developing countries through risk mitigation.

Development banks. --- Multilateral development banks --- Banks and banking --- Macroeconomics --- Money and Monetary Policy --- Industries: Financial Services --- Banks and Banking --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Microeconomic Analyses of Economic Development --- Economywide Country Studies: Africa --- Financial Institutions and Services: General --- Public Enterprises --- Public-Private Enterprises --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- International Lending and Debt Problems --- Finance --- Civil service & public sector --- Monetary economics --- Banking --- Loans --- Syndicated loans --- Multilateral development institutions --- Public sector --- Bank credit --- Financial institutions --- Economic sectors --- Money --- Development banks --- Finance, Public --- Credit --- International finance --- China, People's Republic of

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We study 1,400 UK syndicated loans, together with the financial history of the lead bank and the borrowing firm. We interpret abnormal equity returns around loan announcements as the value of the lending relationship to the firm. We find that: (i) Consistent with previous evidence, the value of lending is higher when the firm is riskier or more opaque, suggesting that it primarily reflects the lead bank’s screening and monitoring activities. (ii) As a bank becomes larger, more profitable or more capitalized, the value of its loans first increases and then decreases. The largest, most capitalised or most profitable banks do not give the most valuable loans. (iii) Firms which receive low-value loans are more likely to experience low profitability and financial distress during the lending relationship. By relating the state of bank balance sheets to borrower performance, we offer a new angle to evaluate the impact of financial conditions on the real economy.

Loans. --- Financial statements. --- Balance sheets --- Corporate financial statements --- Earnings statements --- Financial reports --- Income statements --- Operating statements --- Profit and loss statements --- Statements, Financial --- Accounting --- Bookkeeping --- Business records --- Corporation reports --- Borrowing --- Lending --- Loans for consumption --- Finance --- Credit --- Investments --- Loans --- Financial statements --- E-books --- Banks and Banking --- Investments: Stocks --- Money and Monetary Policy --- Industries: Financial Services --- Financial Markets and the Macroeconomy --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Information and Market Efficiency --- Event Studies --- Public Administration --- Public Sector Accounting and Audits --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Banking --- Financial reporting, financial statements --- Monetary economics --- Investment & securities --- Bank credit --- Stocks --- Financial institutions --- Public financial management (PFM) --- Money --- Syndicated loans --- Banks and banking --- Finance, Public --- United Kingdom