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Trading firms to include euro in refis to ease dollar woes

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.

  • 27 Jan 2012
"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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
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5 Lloyds Bank 2,346 10 5.13

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1 Citi 60,171.95 171 11.52%
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4 JPMorgan 39,624.65 113 7.59%
5 Credit Suisse 30,978.90 74 5.93%