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Mandated arranger Barclays Capital is preparing to launch the one stage syndication of the Eu220m Huntstown combined cycle gas turbine power project possibly as soon as today (Friday). The 340MW tolling plant is sponsored by Viridian.

Barclays (joint bookrunner, documentation), IntesaBci (joint bookrunner, facility agent), Crédit Agricole, Interbanca, SG, Royal Bank of Scotland and UniCredito Italiano (joint bookrunner) have finally launched the eagerly anticipated debt facility supporting Edipower's takeover of Italian energy utility Enel's electricity subsidiary, Eurogen. The Eu3.675bn deal is divided into four portions. All tranches have an 18 month less one day maturity and carry an out-of-the-box margin of 100bp over Libor. The margins ratchet according to the ratings of the industrial sponsors. They are Edison Sondel, Atel and the Milan and Turin AEM energy municipalities.

JP Morgan has launched the ¥8.75bn leveraged buy-out financing for Tower Records by Nikko Principal Investments Japan. The arranger is inviting sub-underwriters to join before launching the facility into general syndication.

Rating: Aaa/AAA Amount: Z100m (fungible with Z150m issue launched 03/01/02)

Rating: A1/A Amount: Eu150m (fungible with Eu600m issue launched 21/03/02)

Amount: Eu100m (fungible with Eu100m issue launched 10/04/02) Landesschatzanweisung series 1 Maturity: April 30, 2009

Rating: Aa3/AA/AA- Amount: $1bn (fungible with $2bn issue launched 21/02/02)

Rating: A3/A- Amount: $100m (fungible with $300m issue launched 13/03/02)

The $50m five year facility for Union Internationale de Banques (UIB) is back on track after a delay last month due to Tunisia's sovereign bond offering. Arrangers Citigroup/SSSB (bookrunner) and ABC (facility agent) will launch the deal in the next two weeks now that the market is clear of the sovereign's $650m 10 year bond that was led by Merrill Lynch in early April.

The $200m one year facility for Koçbank was signed on April 26. After an impressive oversubscription, the loan was increased from $100m.

Guarantor: Vestel Elektronik Sanayi ve Ticaret AS Rating: Ba3/B-/B