Nordea Markets

Borealis, the Austrian chemicals and fertiliser producer, has extended its €1bn five year revolving credit facility by one year.

International syndicated lending to Russia this year is running at its lowest volume since 2001, and less than a third of the total lent by this point last year, according to Dealogic.

Euronav, a Belgian oil tanker and storage firm, has signed a $750m secured loan, partly to buy new vessels to capitalise on a market for oil tanker services that is buoyant, despite the fall in the crude price.

Nordea Bank has appointed a new chief executive and chief operating officer, with Christian Clausen set to step down in November.

Anything but euros worked for top-flight sovereign, supranational and agency issuers in the MTN market this week, as instability in both the banking and sovereign sectors rocked equity and CDS markets.