Enron Mail

From:charles.vetters@enron.com
To:louise.kitchen@enron.com, david.duran@enron.com
Subject:CPN Bond Deal
Cc:
Bcc:
Date:Mon, 8 Oct 2001 12:44:32 -0700 (PDT)

Louise and Dave:

We should monitor this transaction this week.

This week, more than $3 billion of sales have been slated. The largest comes from independent power producer Calpine Corp. (NYSE:CPN </quickchart/quickchart.asp?symb=CPN<). It plans to sell $1.35 billion of bonds as part of a $2 billion financing drive after Moody's Investors Service last week upgraded its debt to investment-grade.
I would think it would give us some indication whether the credit markets are there or not.
Charlie