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  • Alstom, the French engineering company, this week announced a Eu2.8bn restructuring package that will include raising Eu1.3bn through new six year subordinated loans.
  • The UK's Financial Services Authority (FSA) last week dashed hopes that it might relent from its new-found hawkish attitude towards British banks issuing tier one capital notes in the mould of Barclays Bank's Tons transaction.
  • ABN Amro and Citigroup have the mandate to arrange a Eu100m five year term loan for Leaf Tobacco A. Michailides Group (LTAM).
  • Rating: BBB
  • ABN Amro Bank and Citic Ka Wah Bank, arrangers of the $35m three year deal for Xinao Gas Holdings report that the deal is already oversubscribed, although the deadline has been extended until next week to accommodate latercomers.
  • Rating: Aa3/A+
  • Aman Mehta is to retire as chief executive of the Hong Kong Shanghai Banking Corp, HSBC Group's Hong Kong arm, at the end of December, after a 35 year career with the bank.
  • Rating: Aa1/AA-/AAA
  • Citigroup, Crédit Lyonnais and Standard Chartered have won the mandate to lead a $100m term loan transaction for Indian Oil Corp.
  • ING Financial Markets has hired Craig Irvine as managing director and head of Asia equity telecoms research. He leaves Citigroup's Singapore office, where he held the same position, to join ING.
  • Lead arrangers Barclays Capital, BNP Paribas, Credit Suisse First Boston and RBS are still waiting for one or two commitments on the sub-underwriting stage of syndication of the senior debt facilities for Seat Pagine Gialle.
  • The terrorist bombing of the Marriott hotel in Jakarta this week has thrown a roadblock in the way of Indonesian companies hoping to access the international capital markets, and exacerbated fears of a bottleneck in the Asian bond market this autumn.