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Hong Kong dollar, sterling, zloty and Swiss franc offered short-term opportunities, particularly to the banking sector. Development Bank of Singapore again dominated the Hong Kong dollar sector, with four 30-day trades between HK$1.28 million ($164,120) and HK$6.99 million. KBC Financial Products and Credit Lyonnais Finance also joined the one-month sector with HK$30 million and two HK$8 million trades respectively. BOS International took a view on three-year Hong Kong dollar with its HK$100 million trade that pays interest quarterly. Sterling provided some one- and two-month opportunities for the banking sector. Barclays Bank stayed at the very short end, with a £

Three issuers chose sterling between three and 31 years yesterday. Barclays Bank's £

Yen, US dollar and euro dominated the market yesterday, leaving other currencies little room for manoeuvre. But Goldman Sachs closed two Singapore dollar trades. The first is a S$50 million ($27.53 million) five-year note that pays interest semi-annually and a final coupon of 3.48%. The second is a seven-year S$25 million, which also pays interest semi-annually and a final coupon of 3.82%. Sterling offered some opportunities in one- and two-year tenors for the banking sector. Landesbank Baden-Wurttemberg closed a £

* Dexia Hypothekenbank Berlin AG Rating: AAA

Cameroon Mandated arrangers Citibank/ SSSB and Standard Bank are assigning final allocations to banks participating in the Eu95m term loan for MTN Cameroon.

Allstate Life Funding has raised the limit off its programme for the issuance of debt instruments to $4 billion from $2 billion. Banc of America Securities has been added to the dealer panel.

Mexico-based America Movil, Latin America's largest wireless company, is planning a $500m-$700m five year international bond issue. Bankers expect Morgan Stanley and Salomon Smith Barney to be leads. Movil is the latest in a growing list of Latin corporates re-evaluating the benefits of issuing dollar bonds as a result of Moody's decision to rate them higher than the sovereign ceiling.

EuroWeek can exclusively reveal that Almaty Rossii Sakha (ARS), the Russian diamond producer, is planning to tap the international bond and loan markets, possibly as soon as October, for a total of $300m. The five year transaction, which will be split equally between a loan and a securitised bond issue, will be secured on export receipts from diamond sales to De Beers.

Hong Kong Crédit Agricole Indosuez and HSBC have launched the HK$1.2bn seven year financing for Sino-French Water Development.

Australia Arrangers Deutsche Bank and UBS Warburg Australia have completed a A$200m fungible increase to their existing A$250m floating rate CD and A$200m fixed rate CD for Suncorp-Metway. Both facilities are due to mature in 2004.

Asia * Dreams Funding Corp

Just who are these guys? This was the question being asked by our friends at Barclays Capital after it was revealed in the tabloid press that it was a group of BarCap employees who had spent £44,000 on dinner at the Pétrus restaurant in St James's. Had the BarCap diners been genuine heavyweights such as Hans-Joerg Rudloff, Bob Diamond, Abigail Hofman, Robert Morrice and Cyrus Ardalan, no one would have given a tuppeny toss or even another bottle of '45 Chateau Pétrus. However, who are Dayanlanda Kumar, Iftikhar Hyder, Mashish Chandra and Ms Ruth Cove? We have absolutely no doubt that they are all charming and gifted people. But our BarCap pals couldn't immediately identify any of the group, although we did like the waspish comment from one senior managing director, who quipped: "They are probably some of Grant Kvalheim's new hires." You should be ashamed of yourself, Sir.