Trading firms to include euro in refis to ease dollar woes

27 Jan 2012

Commodities trading firms may include euro denominated portions in their revolving credit facilities to ease the pressure on European lenders that have struggled to access affordable dollar financing over the last few months.

"Louis Dreyfus and Vitol included euro pieces on their last lines, and I think we will most definitely see more options for euros in these deals," said a senior loans banker. "There are a number of banks that still have difficulty funding in dollars so it makes sense ...

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