Hoping for a smooth political and economic transition after the October 24 presidential elections, Argentine bank Bansud is working on a $50 million securitization of auto loans.

According to sources, the bank has a pool of high-quality assets and is aiming its offer at local pension funds. "Pension funds in Argentina have not invested much throughout this year," explained Juan Pablo de Mollein from Standard & Poor's Argentina office. "That will make them very receptive for this and other deals that might come to market next month."

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