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Sterling Electricité de France (EDF) has asked eight or nine banks to bid for a long dated sterling transaction. A mandate is expected early next week. (24/05)

Colombia * Republic of Colombia

Enel, the Italian utility, yesterday (Thursday) awarded BNP Paribas, Mediobanca and Merrill Lynch the mandate for a benchmark three year euro straight offering. The size of the deal is thought to be Eu2bn plus and spread guidance is quoted at 25bp over mid-swaps. "We have had a good start and have been able to build up a strong book," said Pierre Fourrier, managing director of corporates, BNP Paribas. "There is a domination by Italy, Germany and Spain, but we are very encouraged as the roadshow accounts still have to be added."

* Cadbury Schweppes Finance plc Guarantor: Cadbury Schweppes plc

* Banca Popolare di Lodi SCarl Rating: A3/A- (Moody's/Fitch)

* Autoliv Guarantor: Autoliv ASP

Fannie Mae launched two Benchmark Notes today (Tuesday), a $5bn two year and a new $5bn 10 year due to be priced tomorrow by joint leads Credit Suisse First Boston, Goldman Sachs and JP Morgan.

The Republic of Finland this week impressed market participants with its ability to raise Eu5bn of six year money at a tight spread over Bunds at a time when many investors are looking to take profits on non-core government debt. As the head of sovereign debt at one bank explained: "One of the great challenges for Finland is how to get investor focus when you represent less than 2% of the euro government bond indices and you trade, in relative terms, quite rich to your peer group."

Freddie Mac successfully priced its three year Dutch auction on Friday, the first of its issues to be launched without league table credit for dealers. Although one trader told EuroWeek that the removal of league table value had made no discernible difference, Freddie Mac officials said that there was anecdotal evidence of greater investor participation in when-issued trading, something they had been trying to encourage. "That means that the dealers end up short," Freddie Mac said, "and come into the auction to cover their short, which is conducive to a better auction result."

Hewlett-Packard has added Bank of America Securities, Bear Stearns and ABN Amro to its $3 billion Euro-MTN programme.

HypoVereinsbank has increased the ceiling off its euro30 billion ($26.48 billion) debt issuance programme to euro50 billion. The issuer has also axed Natwest Global Financial Markets, HSBC, JP Morgan and Morgan Stanley Dean Witter from its dealer panel. The dealers are replaced by ABN Amro, Bank Austria Creditanstalt, Barclays Capital and Nomura.

India Industrial Credit & Investment Corp of India has launched a $75m five year deal through arranger BA Asia.