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Syndication is generally initiated by the grant of a mandate by the borrower to the arranging bank(s) or ‘lead managers’ setting out the financial terms of the proposed loan. The financial terms are set out in a “term sheet” which states the amount, term of the loan, repayment schedule, interest margin, fees any special terms, and a ...
Background and history [ edit ] The advent of private equity in the 1970s had not initially seen large scale bank or credit entity debt as a critical structural component, with early buyout practitioners such as Nicholas C. Forstmann placing emphasis on equity investment and a close, collaborative relationship with a company's management. [ 1 ]
In investment banking, an arranger is a provider of funds in the syndication of a debt. They are entitled to syndicate the loan or bond issue, and may be referred to as the "lead underwriter". This is because this entity bears the risk of being able to sell the underlying securities/debt or the cost of holding it on its books until such time in ...
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Syndicate Bank was one of the oldest major commercial banks in India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva.At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.
The bank's initial public offering in July of 1791 was the largest such event in the young country's history, as the $8 million of offered shares were quickly snapped up by the nation's elite.
A syndicate can be started by an individual, angel investor, or venture capitalist. An individual who wants to form a syndicate creates an investment strategy and discloses it on a crowdfunding platform. Other investors can choose to back the individual, who is the leader.
Syndication may refer to: Broadcast syndication, of programs to other networks; Print syndication, of printed material to other publishers; Web syndication, of web feeds to other sites; Search syndication, of keyword searches; Syndicated loan, made by a group of banks; Really Simple Syndication, Web news feeds