Project bond

Linklaters & Paines advised underwriters Barclays de Zoete Wedd and Merrill Lynch on a $195m bond due 2022 and a $150m bond due 2002. The bonds were issued on behalf of Sutton Bridge Power, to finance construction of a power station, the first use of a project bond in the UK power sector. Allen & Overy and Vinson & Elkins advised Sutton Bridge Power.