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Rating: Aaa/AAA/AAA Amount: Eu750m Landesschatzanweisung series 55

Rating: Aaa/AAA/AAA Amount: $1bn

Rating: Aa1/AA/AAA Amount: Sfr250m

Rating: Aaa/AAA/AAA Amount: Eu1.5bn Öffentlicher Pfandbrief series 596

Amount: Eu200m Landesschatzanweisung Maturity: May 21, 2004

RBS Financial Markets this week announced a new appointment to its securitisation team in London that focuses on property and leveraged finance related transactions. Damian Thompson joins from Gen Re Securities where he had been working for eight months before the business was unwound by General Re Corporation this year. At Gen Re, Thompson was responsible for European structured credit exposures.

Some household Euromarket names are seeking an easier life. On Monday afternoon we heard that our friend TJ Lim, who doesn't look a day over 18, but has had a hugely successful career in the Euromarkets for more than 20 years, is departing from Merrill Lynch. We were still recovering from the shock over a pint of Vodka Martini, when the phones rang again - "Markus Granziol has upped sticks at UBS Warburg". We drained the pint of Vodka Martini before you could say, "Who's next?". We are sorry to see TJ Lim choosing to step down at Merrill and before you ask, no there wasn't a shoot-out with debt capital markets supremo Dow Kim in New York. Of course TJ was disappointed to lose the top job to Dow Kim, but remember that running fixed income for Merrill in Europe is a huge responsibility, especially when debt is driving many of Merrill's other businesses.

Tyumen Oil Company (TNK) has prised open the new issue market after a rocky couple of weeks for emerging countries with a $500m five year bond. CSFB and Citigroup/SSB were joint books for TNK, with Merrill Lynch pinching some fees as a joint lead.

The launch of the general syndication of the roughly £1.8bn of credit facilities for Tube Lines to support its concession in the London Underground PPP is approaching. Mandated arrangers HBoS, Mizuho, SG (bookrunner) and WestLB may launch the retail phase as early as next week.

Rating: Ba3/B+/B+ Amount: $500m

EuroWeek understands that the National Bank of Sharjah is in talks with a number of banks to secure a financing. More details will be available next week.

UBS Warburg has integrated its corporate equity risk management team with its equity capital markets, in a further sign that ECM and derivatives are moving closer together. The bank's ECM team, headed globally by Lucinda Riches and James Garvin, will take on about 30 bankers from the equities division. The move follows recent decisions by other banks, including Merrill Lynch and JP Morgan, to closer align the two units.