Correct. However as you borrow more and more it often goes from a b2b lend-borrow transaction to syndicates etc where many people lend to a pool which gets borr

Correct. However as you borrow more and more it often goes from a b2b lend-borrow transaction to syndicates etc where many people lend to a pool which gets borrowed — or a bond which gets marketed by a banker to bond buyers (lenders). The more complicated borrows involving many parties are often referred to as “raising money”