tender panel
(TP)
Noun
A syndicate of commercial and investment banks that commits to buying any unsold Euronotes at previously set rates or providing funds to the borrower through a standby credit facility or that underwrites a Eurobond issue.
A syndicate of commercial and investment banks that commits to buying any unsold Euronotes at previously set rates or providing funds to the borrower through a standby credit facility or that underwrites a Eurobond issue.