loan participation


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Noun1.loan participation - a loan that is shared by a group of banks that join to make a loan too big for any one of them aloneloan participation - a loan that is shared by a group of banks that join to make a loan too big for any one of them alone
loan - the temporary provision of money (usually at interest)
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References in periodicals archive ?
USD 1bn 7.748% Loan Participation Notes due 2021 issued by VIP Finance Ireland DAC
* $24,500,000 loan participation between two national lenders collateralized in part by a mixed-use development site, located in Jamaica, Queens.
Furthermore, BC's loan participation notes could absorb losses prior to the bank becoming non-viable, further enhancing capitalization levels.
Results were affected by nearly $10 million in impairment charges from a $14.4 million loan participation, the bank said.
The Alaska Industrial Development and Export Authority (AIDEA) Board approved a loan participation for an office facility located in Juneau.
However, the National Development Planning Agency (Bappenas) slashed the limit of foreign loan participation into the project to just $1.7 billion, at least until 2019.
A loan participation is an arrangement among banks in which one bank shares part of its loan with one or more banks.
Summary: The $100 million 13.5% subordinated loan participation notes due 2018 is rated B3
Unfortunately, some colleges choose not to participate in the federal student loan program, "preventing their students from qualifying for this important source of financial aid." This is the Project on Student Debt's third issue brief on community college federal loan participation. Its first brief analyzed loan participation in the 2004-05 academic year and the difference in rates of access by race and ethnicity.
BNY Mellon Corporate Trust said it has been appointed trustee, paying agent, calculation agent and transfer agent for Vnesheconombank's $30 billion Loan Participation Note Programme (LPN Programme).
The Bank of New York announced that it has been selected by Gazprom to serve as a trustee, registrar, paying and transfer agent for it's $1.75 billion, 9.625 percent loan participation notes due in 2013.