Argentine power plants target $115m securitization

Argentine power plants target $115m securitization

Structured Finance

A $115m securitization of receivables from two Argentine thermal power plants is due to close on January 16, LatinFinance understands. Issued through the MBT Fideicomiso Financiero Serie II trust, the 6-year deal is targeting $115m-equivalent. The future flow securitization follows a $300m-equivalent 10-year sale of similar instruments in 2009. The deal from the government-owned trust is backed by receivables from a power purchase agreement with Compania Administradora del Mercado Mayorista Elec

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