Despite the pre-election uncertainties that are slowing the Argentinean market, Wasserstein Perella and Bear Stearns recently closed a $91.3 million securitization of co-participation of tax receivables for the province of Santiago del Estero.

The transaction is the latest tranche in the province's $120 million securitization program under which 10% of Santiago del Estero's co-participation tax revenues due from the federal government have been assigned to a trust.

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