Argentina's Salta province is working with Lehman Brothers, Banco Santander and Banco Macro on a $250 million deal backed by future flows of the royalties it receives from the exports of natural gas, sources close to the deal said.

The transaction will have a 15-year maturity and will be aimed at U.S. future flow investors. Officials from the province and its advisors are expecting to meet with investors in October with a launch following soon after.

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.