Perez Companc, the Argentine energy company, launched an unusual $101 million structured note transaction in the local market last week through Morgan Stanley.

While the structure was straightforward, its purpose was more complex. The deal was created solely to enable Perez Companc to acquire shares in Edesur, one of the main electricity distribution companies in Argentina.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.