Question

What role does a merchant bank play in the process of 'syndicating a loan'?

A They negotiate the interest rate for a loan on behalf of the borrower.
B They provide a loan on behalf of the government to the borrower
C They help organize a group of lenders to provide a large loan, which no single lender could provide alone
D They underwrite the loan and guarantee its repayment.
E They act as an intermediary between the borrower and bond investors
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