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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.

Banca Totta & Ahores is due to sign a euro3 billion ($2.63 billion) Euro-MTN programme next week. The Portuguese bank has mandated Deutsche Bank as arranger of the programme. It will be the third Portuguese bank to sign a Euro-MTN programme in the past eight months. Banco BPI signed its euro3 billion Euro-MTN programme in December last year, while Banco Itau Europa signed a $500 million shelf in March this year.

BAA signed a £

Banque Federative du Credit Mutuel has raised the ceiling off its Euro-MTN programme from euro3 billion ($2.63 billion) to euro5 billion.