RBS sells further tranche of corporate loans to Mizuho

RBS sells $5.6 billion of loan commitments to Japanese institution

TAGS: Mizuho

Comment by: Anonymous. Posted 8 years ago [2015-04-29 00:52:26]

Here's a question I never asked. Does the borrower have right to consent or decline such a sale of its loan commitment from one lender to another? In a commitment, the borrower does have the risk that the lender will not be able or willing to lend at time of draw.