IKA, the state social security agency of Greece, will launch its much-anticipated first entry into the European securitization market in October, according to a BNP Paribas official.

The deal, which could be anywhere between E1 billion ($950 million) and E2 billion, was originally scheduled to take place by the end of the summer (ASRI 3/13/2000 p.2), but the arranging process has been delayed as the government put the final touches to its new securitization law.

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