Dollar premiums still here as Heidelberg adds 50bp fee
Dollar funding premiums that were introduced to the syndicated loans market last year to make up for European banks’ struggles to access dollar financing are set to become commonplace over the first few months of 2012.
This week, German cement maker HeidelbergCement (Ba2/BB/BB+) added a 50bp premium for dollar drawings as part of the amendment of its 3bn credit facility.
"The dollar premium is here to stay at the moment," said a senior banker in London. "Banks are eager to do business, but they simply
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