Syndicated lending is a mechanism to provide large loans to a single borrower by a group of lenders, typically comprising banks, non-bank financial institutions, insurance companies, pension funds, and mutual funds. Such loans are often used by corporations, large projects, or governments to finance significant ventures or investments, such as mergers, acquisitions, infrastructure projects, or working capital requirements. Since multiple parties share the loan, the syndicated structure is an effective way to spread risk and reduce the exposure for individual lenders. Syndicated lending has developed significantly in Asia in recent years, and offers lenders opportunities for yield in new and interesting markets and sectors.

However, syndicated lending still presents market participants with core risk exposures, and these must be managed. As with all forms of lending, facilities need to be priced efficiently, credit risk must be measured and mitigated, and legal risk needs to be managed through effective due diligence and documentation. The size and complexity of syndicated transactions can often amplify such risks. This 2-day course offers a valuable and timely opportunity for banking practitioners to gain skills which can be directly applied to identify business opportunities and strengthen risk measurement and management. The course provides in-depth analysis of the syndication process, as well as detailed coverage of specialised areas such as pricing, due diligence and documentation.

• Key Learning Outcomes:
  • Understand the characteristics and workings of the syndicated lending market
  • Understand the role and responsibilities of arrangers
  • Identify benefits of syndication to borrowers and lenders
  • Assess key documentation and clauses employed in the loan syndication process
  • Understand important loan pricing and financial terms for syndicated lending
  • Analyse core financial statements and financial ratios to make effective lending decisions
  • Apply models to effectively manage credit risk in syndicated transactions
  • Identify opportunities for fee generation