Eurocredits/Euroloans

   Large bank credits, usually in maturities of three to ten years, granted by international bank syndicates put together on an ad hoc basis. Lenders are almost exclusively banks and finance companies and these credits are not placed with private investors. Interest rates are calculated by adding a margin to interbank-offered rates and usually adjusted every three to six months. Funds for the loans are drawn from the Eurodeposit market.

   ► See also Eurodeposits.