Argentine investment bank MBA Banco de Inversiones SA timed its latest local securitization just right: the A$30 million deal placed around three weeks ago for Banco San Luis was more than two times oversubscribed, largely due to pent-up demand from Argentina's pension funds.

The investment bank is now prepping a first-time auto loan securitization for Banco de Suquia. But with rumors rampant last week - though denied by government officials - that Argentina could devalue the peso and abandon convertibility, the launch date will depend on when the market stabilizes, according to a source at MBA.

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