Europe

Gothenburg sits on Sweden’s southwest coast, served by the Gotä älv river which sweeps into it from the north. By the time that river system gets to Gothenburg it has traversed 750 kilometres, through dams, canal locks, a hydropower station and a host of industrial and shipping uses. And it’s from this river, upstream of the city, that Gothenburg gets its drinking water.

Germany

Bank of China Paris branch, BNP Paribas, HSBC France and Natixis are to share euro/offshore RMB (CNH) exchange rate information, financial organisation Paris Europlace said in a September 24 press release.

A German agency has drawn over €7.5bn of orders for a euro benchmark despite offering a negative yield — leaving bankers puzzled over why no other issuers are hitting screens in the currency.

A supranational has mandated for a dual tranche dollar benchmark, amid signs that issuers are willing to pay up to get size. But Sweden took a different route, pricing a $1bn deal arguably through its curve.

The unrated Finnish carrier Finnair Oyj, which is government majority owned, has begun a three day roadshow on Monday for new hybrid notes despite recent negative corporate events rattling bond markets.

Present market conditions are unusually difficult for corporate borrowers, treasurers said today at the Euromoney/GlobalCapital Corporate Summit in Paris.

The Royal Bank of Scotland has confirmed Gordon Taylor in position as head of debt capital markets, following the restructure of its primary business announced last week.

Germany has wiped €6bn from its 2015 funding target, with the reductions to come at the short end of the maturity curve.

Glencore's investors are jittery, and rightly so. But a single note, with a hypothetical scenario in but no new news, should not wipe £4bn off the market cap.

Italy’s five and 10 year borrowing costs dropped to their lowest levels since April on Tuesday, as the sovereign hit its maximum volume target of €8bn at a bond auction.

Gazprom has released roadshow dates for a euro bond, but is going ahead with the meetings without Deutsche Bank on the mandate.