Houston-based energy concern Enron Corp. and lead underwriter Salomon Smith Barney brought one of the largest-ever single-name credit-linked notes to the market last week, a structured synthetic that has drawn attention from many investors who typically buy corporate bonds.

The public deal, for $1 billion, is being issued in three currencies in five-year fixed-rate notes, and is being executed out of both London and New York. The deal has been rated by Standard & Poor's, which was putting together a pre-sale report at press time last Thursday.

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