It is becoming quite clear that MT100s are the trendy deals of 2002. El Salvador's third largest bank, Banco Salvadoreno, is gearing up to launch a $75 million to $100 million financial future flow, which will mark the first one of its kind for the company and a third for the country. Brazil, the country where Latin American MT100s were born, is also expecting Unibanco to enter the MT100 arena in the third quarter.
Banco Cuzcatlan was the first to grace El Salvador's market with an MT100 transaction via Salomon Smith Barney earlier this year. Banco Agricola soon followed, closing its first financial future flow in March, a $140 million diversified payments right deal led by Barclays Capital. Now, Merrill Lynch is rumored to be leading the country's third MT100 transaction through Banco Salvadoreno in only a few months.