Titlebook: Syndicated Loans; A Hybrid of Relation Yener Altunbaş,Blaise Gadanecz,Alper Kara Book 2006 Yener Altunba?, Blaise Gadanecz and Alper Kara 2

GRUEL

A Global Overview of the Syndicated Loans Market,ccounting for no less than a third of all international financing, including bond, commercial paper and equity issues (Figure 2.1). This chapter describes the functioning of this increasingly global market, focusing on participants, pricing mechanisms, primary origination and secondary trading.

chondromalacia

overhaul

负担

,Historical Analysis, 1970–2004, were granted worldwide in 2004, amounting to no less than one-third of total international financing including bond and equity issuance. From modest volumes ($7 bn) in 1972, lending on this market has developed in a spectacular way during the past three decades (Figure 3.1). This chapter draws a hi

构成

FAST

keloid

食道

Comparison of Syndicated Loan Markets with Bond Markets,apan and from East Asia to Russia. Following the financial crises in Mexico (1995) and South-East Asia (1997, 1998) the determinants of bond and loan financing to developing countries and the pricing of these instruments have been analysed widely in the academic literature (see, for instance, Hernan

BARB

光滑

,Facts and Figures, 1993–2004, 1993 and 2004. The analysis saliently focuses on micro-features of loans and borrowers, such as borrower nationality, business sector, maturity, loan amounts and spreads over time. Trends in industrialized countries — the US, UK, Japan and the Euro Area — and emerging markets are compared.