A deal surfacing in Uruguay might turn out to be the first governed by a trust law that went into effect in late December. Sized at US$20 million, the transaction is a securitization of trade receivables by a public-service company, according to Alejandro Hernandez, a partner at Monte- video-based law firm Ferrere Abogados. "It's already approved," he said, but added that the final OK had not yet come on total disclosure.

Other sectors are also looking

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.