Europeans tempted to tap Asian liquidity
European loan bankers have been desperate to generate activity in the investment grade market to put now-ample liquidity to work, but European borrowers are increasingly turning instead to Asia for funding. European companies have signed more than $8.1bn of deals in the Asian market this year, the most ever from non-Asian borrowers in the region. After Glencore’s and Louis Dreyfus’ successes, Gunvor and Vitol are set to launch deals with Asian pieces. To find out more about what deals are launching in the European market and which borrowers favour Asia, read EuroWeek this Friday.
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