Argentine power securitization pushed back

Argentine power securitization pushed back

Structured Finance

A securitization of receivables from two Argentine thermal power plants has been pushed back from a planned January 16 close and is now due to wrap up on January 30. Issued through the government-owned trust MBT Fideicomiso Financiero Serie II, the 6-year future flow securitization is expected to raise around $115m-equivalent. The deal is backed by receivables from a power purchase agreement with Compania Administradora del Mercado Mayorista Electrico (CAMMESA), which manages Argentina’s electri

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