Commercial paper deals in dollars to increase in 2014
European commercial paper deals in dollars topped the currency ranking in 2013 at 36%, the first time since 2001, according to Dealogic. Deals in the currency will continue to rise, according to dealers.
ECP deals in dollars reached a volume of $831.1bn in 2013, up 12% from $741.5bn in 2012, according to Dealogic.“Banks began to favor deals in dollars last year after the euro started reaching new highs against the dollar,” said a commercial paper banker. “We expect this trend to continue in ...
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