Belgium is expected to market a 500 million ($596 million) delinquent tax receivables deal before year-end, joining a growing list of government securitizations that are expected to come to market before the end of the year.
Italy this week made a mandate announcement for its latest government related securitization deal - the sixth securitization from its INPS program of delinquent social security contributions similar to the planned Belgium deal. No size has been given to date but INPS has issued 16.9 billion of notes to date. Sized at 3.55 billion, INPS 5 priced last November. Italy also has a third SCIP transaction backed by property disposals and a deal backed by renewable energy charges lined up for the year.