The Inter-American Development Bank (IADB) recently sold $75 million in certificates of participation for its B-loan financing for Transportadora de Gas del Sur (TGS). The transaction, which was managed by ING Barings, is the third deal under the B-loan program for the IADB in Argentina, and the second one for TGS (ASRI 4/19/1999 p.1).

The certificates of participation feature a 10.19% coupon (a spread of 420 basis points over Treasurys) and mature in 2011.

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