Banco Velox S.A. and Banco Privado de Inversiones S.A., two Argentinean issuers seeking to benefit from improved sentiment towards the country after the October presidential elections, launched securitizations last week.

Banco Velox's $13 million loan securitization came first, via an SPV called Fideicomiso Financiero Credicuotas Serie 2. The transaction was managed by Deutsche Bank S.A. and will receive a national scale rating from Standard & Poor's Ratings Services.

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