Goldman Sachs, Credit Suisse, and Citicorp syndicated a $1.225 billion loan this fall for Allied Waste that included a $500 million piece earmarked for institutional investors, the largest to date.

That loan, which was eventually increased to $1.275 billion, is the latest evidence of the increasing appetite for bank loans among institutional investors: insurance companies, prime-rate funds, sophisticated private investors, even other banks.

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