With its role in the recent lease backed transaction from Turkey's Garanti Leasing - the first onshore securitization of Turkish assets - the International Finance Corp.'s (IFC) structured finance group confirmed its arrival as a significant player in emerging market securitization.

The transaction, which was the securitization of the $43 million "B" portion of a loan from the IFC to the company, was jointly structured by the IFC with Rabobank and Bear Stearns and underwritten by Rabobank.

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