BNP Paribas is sole lead on a cross-border local-currency denominated transaction that securitizes the rights to receive future payments from Peruvian state-owned water utility SEDAPAL, according to market sources. A BNP official did not return a request for comment.

The transaction is funding the construction of the Taboada wastewater plant by ACS Servicios, Comunicaciones y Energia, the deal’s originator through its local concessionaire, Planta de Tratamiento de Aguas Residuales Taboada.

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