A syndicated bank loan is one in which a group of banks provides funds to the borrower, with the reference rate on the loan typically the New York Interbank Offered Rate.

Name: A syndicated bank loan is one in which a group of banks provides funds to the borrower, with the reference rate on the loan typically the New York Interbank Offered Rate.
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The reference rate on a syndicated bank loan is typically the London Interbank Offered Rate (LIBOR), not the New York Interbank Offered Rate.

A Syndicated Bank Loan Is One in Which a Group