The phrase "a banking syndicate" is correct and usable in written English.
It can be used to refer to a group of banks or financial institutions that come together to provide financing for a specific project or to manage risk.
Example: "The construction of the new bridge was financed by a banking syndicate that included several major banks."
Alternatives: "a financial consortium" or "a lending group".
The Bankers Trust Company will lead a banking syndicate raising $1.8 billion of the money.
Of the 18 billion euro total, 6 billion euros is to come from the national lottery, with the remainder drawn from the Treasury with the backing of a banking syndicate.
National Bank of Canada will take charge of the debt financing and is forming a banking syndicate with Desjardins Group and Bank of Nova Scotia.
That month, a banking syndicate purchased the entire bond amount from the RFC.
The huge cost of developing the 747 and building the Everett factory meant that Boeing had to borrow heavily from a banking syndicate.
Providing the capital are a bank syndicate made up of BNPP, Bank of China, HSBC, Banque Palatine, and BPI.
To finance the deal, a bank syndicate led by Chicago's Bank One wound up lending Venture about $400 million, with interest rates ranging from 5.3% to 8.6%.
(See: "Cable Cancelled By Time Warner") The cable arm will take on a hefty debt load, via an existing revolving credit facility and a $9 billion, two-year bridge financing from a bank syndicate, to pay a one-time dividend of $10.27 a share, or $10.9 billion, $9.3 billion of which will go to its former parent.
Outstream video ad-tech outfit Teads also raised its biggest financing round this week from a bank syndicate.
In February, the company announced that it had arranged with an international banking syndicate for up to $300 million in financing.
Investec analysts, in a buy note with a £12 target, said: "The future of Babcock & Brown Ltd (manager and part investor in B&B European Infrastructure Fund LP, owner of a 23.5% stake in Forth Ports) seems more certain today, following an agreement with its banking syndicate.
