Banco Bansud has joined the list of Argentine banks that plan to securitize their loans to the country's provinces in a collateralized loan obligation structure and could well be the first to hit the market with this new asset type.

The bank just filed a transaction with the CNV and is awaiting approval before issuing the deal in the local market, according to an official at the bank. Westdeutsche Landesbank and Banamex will be the lead managers, and ABN Amro will be the trustee, she said.

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