Colombia’s Titularizadora Prices $156m in RMBS

Securitization Shop Titularizadora Colombiana sold COP312.80bn ($156m) in UVR-denominated RMBS. The first A tranche included COP265.46bn in 2017 notes priced at the inflation index plus 5.95%. A second A tranche was made up of COP25.45bn in 2022 notes priced at inflation plus 6.20%. The B tranche was composed up COP23.34bn in 2022 subordinated notes priced at inflation plus 6.5%, and the MZ tranche brought COP1.55bn in 2022 mezzanine notes priced at inflation plus 7.5%. The securities are backed by mortgage loans issued by Bancolombia and BCSC, another local bank.