Bombardier, the well-known Canadian company, is looking for 10 million euros to finance capital expenditures in France to supply rolling stock to the Paris metro. Bombardier (FR) is the French arm of Bombardiers operations. At the current exchange rate of $2.00/e, Bombardier could issue $20 million in three-year bonds in Toronto at a fixed interest rate of 7 percent. Alternatively, Bombardier could issue10 million euros in three-year bonds in Paris, also at a fixed interest rate of 7 percent. Meanwhile, Danone, a French multinational food-products corporation, needs $20 million for its investments in a Quebec cheese factory operated by Danone (Canada). Danone can issue 10 million euros in three-year bonds in Paris at a fixed rate of 6 percent or a $ 20 million three-year bond issue (a Eurobond issue), also in Paris, at a fixed rate of 8 percent. Both Bombardier and Danone are clients of the Mid-Atlantic Swap Bank. MidAtlantic quotes three-year dollar interest swaps at 7.00 - 7.15 and three-year euro (e) interest swaps at 6.00 - 6.10 against dollar LIBOR flat.