English to Portuguese Bus/Financial Finance (general) Project Financing

Financing for a major project will be arranged by a bank or group of banks termed the “lead arranger(s)”.
The MANDATED LEAD ARRANGER (MLA) generally has the leading role in this financing stage of a project. He often underwrites the financing, then handles syndication or builds up a group to underwrite the full amount and syndicate. As a requirement of its mandate from the project sponsor, the MLA will be committed to raise the complete debt financing, which for a major project could be many hundreds of millions of dollars. But, commercial lenders typically do not want to take more than about US$50 million of debt for a particular project and will want to pass some of the debt, and hence some of the risk, to other lenders. The process of selling the debt is called syndication.