Asian banks step up in European loan market

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Asian banks step up in European loan market

BMW signed its €6bn revolving credit facility last Friday, but although there had been some fears that its European lenders would struggle with a large deal that can be drawn in dollars, commitments for the facility blew out to almost €10bn. The deal was just one example of the growing participation of Asian lenders in the European loan market as banks from the region have grappled with higher funding costs.

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