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Mauritius Sumitomo will close syndication on Monday of the international debt financing for Compagnie Thermique de Belle Vue's 70MW power project. The deal will be oversubscribed. The financing is split between international and local tranches. The international tranches comprise a 12 year, Ecu46m commercial tranche priced at 200bp over Libor, a 14 year Coface backed tranche priced at 75bp and a Ecu17m uncovered commercial tranche priced at 125bp.

GLOBAL co-ordinators Goldman Sachs and Credit Suisse First Boston have set the indicated price range of the sale of stock in Alstom, the Anglo-French engineering group, which is being floated this month in Europe's largest corporate IPO. At a range of between Ffr190 and Ffr220 the company is valued at a maximum level of Ffr46.2bn ($7.8bn). The flotation of the company will signal its independence from the former owners of the joint venture concern -- GEC of the UK and the state-controlled Alcatel Alsthom of France.

SENIOR syndication of the $575m project finance facility for Turkcell has been a complete success, with an impressive number of heavyweight banks joining at the two levels on offer. Arrangers BT Alex Brown, Deutsche Bank and JP Morgan offered banks to come in as co-lead arrangers and co-arrangers. Co-lead arrangers are Bank of New York, Bank of Scotland, Bayerische Vereinsbank, BHF Bank, Citibank, ING, Merita Nordbanken and Swedbank.

China Roadshows were held in Hong Kong and Singapore this week for the syndication of the international tranches of Shandong Guangzhou Power Company's $2.2bn power project financing, with presentations to be held in London, Paris and Frankfurt next week. Arrangers Greenwich NatWest, IBJ Asia and SG Asia report strong interest in the deal despite rumours in the market that the project does not meet World Bank environmental guidelines for gas emissions. The arrangers deny this is the case and argue that the deal has been cleared of any infringement of World Bank guidelines.

Australia Banks joining the five year $175m transferable loan facility for Colonial State Bank arranged by Bankers Trust Australia include Bayerische Landesbank Girozentrale, Commerzbank (Singapore), BW Bank Ireland plc, Banque Bruxelles Lambert (Singapore), Cariplo (Singapore), Banca Commerciale Italiana (Singapore), Erste Bank, Bank Austria (Singapore), Banca Monte dei Paschi di Siena (Singapore), Westpac Banking Corp, WestLB Asia Pacific, National Bank of Abu Dhabi (Singapore) and Banca di Roma (Singapore).

* Bayerische Landesbank Rating: Aaa/AAA

THE FLOOD of jumbo sized loans is set to continue into the third quarter with news that the Channel Tunnel Rail Link project, which has a cost of £5.8bn (or £7.7bn if allowing for inflation), will now go ahead. The UK's deputy prime minister and transport minister John Prescott this week accepted restructured plans from London & Continental Railways, the project's sponsor, involving the financing and development of a high speed rail link between London and the Channel Tunnel.

ARRANGER ING is to hold a bankers presentation for potential co-arrangers in the Ckr3.5bn ($105.9m) revolving credit for the City of Prague today (Friday). The City of Prague deal is seen by many in the market as one of the few high quality deals to come out of eastern Europe so far this year. Indeed, the city is the top rated municipal credit in the region with an A- rating by Standard & Poor's.

SPANISH corporates are lining up to float on the country's buoyant stockmarket, with issuers keen to take advantage of the boom in equity prices this year. Although appetite for privatisation stock in Spain seems to be suffering from a degree of investor fatigue, attention is increasingly turning to the corporate and bank sector.

* KfW International Finance Inc Guarantor: Kreditanstalt für Wiederaufbau

* Bank of Nova Scotia Rating: Aa3/AA-