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Toyota is poised to list in London and New York at the end of September, on the back of a ¥162bn share sale by three major investors. The move continues a trend of reduced cross-holdings in Japanese industry.

n Salomon Smith Barney is to make a number of transfers and hires to its European investment banking division to boost its European growth strategy. Theodore Kuh, managing director, has transferred from San Francisco to London to head the new European retail and consumer investment banking franchise. Previously, he ran the San Francisco consumer franchise and headed the company's US and Canadian food retail practice. Kuh joined Salomon in 1994 and will report to Michael Klein and Edward Miller, co-heads of European investment banking.

The Republic of Turkey returned to the international bond markets this week with its first issue since the country was hit by a devastating earthquake last month. Merrill Lynch yesterday (Thursday) sole lead managed a $200m tap of the B1/B/B+ rated sovereign's $400m 12% December 2008 puttable global bond.

HANA BANK and H&CB (formerly Housing & Commercial Bank of Korea) have followed the recent trend for Korean banks to tap the market. Hana Bank has mandated BA Asia, First Union National Bank and Standard Chartered Bank to arrange a $120m 364 day transferable term loan. Citicorp International and Natexis Banque are arranging a $100m 364 day financing for H&CB.

Sole arranger ABN Amro has closed the general syndication of the £48m portfolio project financing for PowerGen Renewables Limited. The deal is in documentation and should be signed soon. Tranche 'A' is a £22m credit to be used to refinance the operational assets and capital expenditure of two windfarms.

Chile Enersis has refinanced more than $3.5bn in debt with a two year syndicated loan at 75bp over Libor provided by Citibank, Chase Manhattan Bank, Bank of America, Banco Santander Central Hispano, Argentaria Banco de Negocios, Dresdner Bank AG, HSBC and Banque Nationale de Paris.

Investor presentations for the Republic of Lebanon's second multi-tranche, multi-currency bond issue start in Switzerland today (Friday). Following visits to Geneva and Zurich, the marketing focus will move on to London and Frankfurt next week before finishing in New York on Wednesday, September 15. An unofficial investor presentation for French accounts was held last Friday in Paris.

Bahrain The margin on the $60m three year term loan for Bahrain International Bank has emerged as 75bp. Co-arrangers earn 90bp for taking $5m tickets.