When a syndicated NIF issue is set up:
A) the syndicate of banks may also underwrite it.
B) the agent banks arrange the transaction, structuring the facility and negotiate the price and terms of the loan.
C) the facility agent oversees the legal aspects of the facility.
D) the arranger is responsible for the administration of the facility once the facility has been drawn by the borrower.
Correct Answer:
Verified
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