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Imperial Tobacco this week capitalised on investor appetite for defensive, cash-generative assets to launch a Eu2.8bn three tranche transaction in euros and sterling. The proceeds were to partly refinance funding that Imperial raised in March to buy German tobacco company Reemtsma.

Banks bidding for the mandate to arrange the Eu300m five year facility for the Hungarian Development Bank (MFB) will find out which consortium has won today (Friday). Out of the original five bidding groups, four are understood to be in the running.

Guarantor: Imperial Tobacco Group plc Rating: Baa3/BBB

Guarantor: Impregilo SpA Tranche 1: Eu175m

Syndication of the $140m LC for Bombay Suburban Electric Supply Company (BSES) is due to be closed today (Friday). The deal received an oversubscription of $112m in senior syndication and $25m in general syndication.

Deutsche Bank and the management of Intertek hosted a meeting yesterday (Thursday) afternoon in London for the £300m post-IPO financing for the company. Banks have been invited to commit to the facility as arrangers for a take and hold ticket of £30m for 90bp, as co-arrangers committing £20m for 50bp, or as lead managers taking £10m for 40bp.

Iran has awarded the mandate for its debut Eu300m-Eu500m three to five year bond to BNP Paribas and Commerzbank, ending months of speculation. The bond will be issued through Bank Markazi, Iran's central bank. No indication of timing has yet been given. The bond will be Iran's first approach to the international capital markets since the 1979 Islamic revolution.

Early responses from the market are encouraging on the syndication of the Eu219.5m 16 year project financing for Huntstown Power Company. In selldown, banks have been offered two tickets - senior lead managers taking Eu20m for 55bp and lead managers taking Eu10m for 45bp.

Arranger Mizuho Corporate Bank has completed the ¥70bn revolving credit for Japan Energy Corp. The arranger pledged ¥22bn. Participants are Sumitomo Mitsui Banking Corp providing ¥13bn, UFJ Bank and Bank of Tokyo-Mitsubishi absorbing ¥6bn apiece, Norinchukin Bank lending ¥5bn and Chuo Mitsui Trust & Banking, Shinsei Bank and Sumitomo Trust & Banking committing ¥3bn each.

The Italian state-owned postal service, Poste Italiane, is due to sign a Euro-MTN programme in three weeks' time. The state entity is not rated by the major rating agencies. Few postal companies have established MTN programmes. France's La Poste signed a euro3 billion ($2.81 billion) Euro-MTN programme in 2000. It has 10 notes outstanding worth $963 million. And Germany's Deutsche Bundespost has a Dm2 billion (=euro1.02 billion) domestic MTN programme.

Who harpooned Geoff Boisi right between the shoulder blades? One minute, there was the feisty Mr Boisi looking cool as a cucumber as head of investment banking at JP Morgan Chase, and with ambitions to move to the very top of the bank's greasy pole. But before you could say, "was it £1bn or £2bn that Chase overpaid for Flemings?", the unfortunate Mr Boisi had been speared like a Mississippi catfish. In these columns, just a fortnight ago, we had said that there was mischief afoot at JP Morgan Chase. The Chase blue-collars were becoming understandably irritated from being used as bayonet practice by the JP Morgan aristos. T-shirts emblazoned with "We thought it was us who took over those JP Morgan mothers" became a best seller among Chase employees.

Halyk Savings Bank of Kazakhstan's $50m one year facility was signed in Almaty on May 23. It was oversubscribed and has been increased to $52m. Mandated arranger RZB has been joined by Dresdner Kleinwort Wasserstein as an arranger for the credit.