Product definition:

Syndicated loan refers to the loan issued to the same borrower by two or more than two banks or cooperatives, using the same loan contract, with separate receipt for loan.

Intended use of the loan:

1. Working capital loans of enterprise;

2. Eedium-term loan for purchasing fixed assets and technical renewable transformation

3. Urban and rural infrastructure projects which have enough cash flow and be capable to repay the capital and interest on schedule.

Application conditions:

1. The enterprises that open basic clearing accounts or general clearing accounts with the member banks or credit cooperatives that have taken part in the syndicated loan;

2. The enterprises that have sound financial systems, with the recent 3 years’ financial reports and the recent financial statements certified by registered accounting and audit institution;

3. Having no poor credit record in the recent 3 years;

4. According with the national administrative provisions on project approval and the equity

capital and project capital have been made practicable in the required proportion;

5. The products are marketable with fluent marketing channels and good forecasting economic benefits;

6. Being able to provide the guarantee accepted by the lender;

7. According with the other provisions required by the lender.

Loan period:

The syndicated loan period shall be no longer than 10 years.