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* European Investment Bank Rating: Aaa/AAA

FRENCH supermarket group Promodes is to seek a major financing in the syndicated loan market to support its jumbo Ffr28bn takeover bid for rival operator Casino and holding company Rallye. The move is likely to signal the start of the latest round of corporate restructuring in continental Europe following last year's Auchan buy as well as the moves by Krupp and Rhône-Poulenc earlier this year.

SALOMON Brothers and SBC Warburg Dillon Read/Brunswick have won the mandate to lead manage the forthcoming offering of convertible bonds for Russia's giant electricity concern UES, after a contest which dramatically illustrates the fast-shifting nature of the Russian corporate finance battlefield. A group including DMG/ Goldman Sachs and Renaissance had looked certain to have the deal. However, the victorious firms emerged after a low key invitation to advise the company and the government was transformed into an intense bidding war between six international investment banks.

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Finland The well supported $350m seven year multicurrency revolving credit being arranged for Nokia Oy by Chase Investment Bank, Citibank NA and Deutsche Morgan Grenfell is to be signed on September 12 in Helsinki. Despite being oversubscribed, the deal has not been increased.

SCANIA, the leading Scandinavian truck maker, is returning to the syndicated loan market for a jumbo $1.7bn refinancing being arranged by Enskilda Debt Capital Markets and JP Morgan Securities Ltd. The seven year facility, which replaces the borrower's existing $1.7bn working capital facility signed in December 1995, is being arranged by the same banks -- with no new additional banks at the top tier.

* Bayerische Hypotheken- und Wechsel-Bank AG (Hypobank AG) Rating: Aa2/A+

* Abbey National Treasury Services plc Guarantor: Abbey National plc

* Hamburgische Landesbank Rating: AAA (IBCA)

* County Hotels Group plc

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