Titulizadora Peruana Eyes 15-year Securitization

Titulizadora Peruana, the securitization shop being set up with the help of the IFC, is set to open its doors by the end of February and will look to price its first deal in June, Enrique Oliveros, general manager, tells LatinFinance. The offering backed by dollar-denominated mortgages will include a senior tranche of up to 15 years, as well as a smaller junior piece. The fixed rate notes could potentially come in the 6.0%-6.5% range, says Oliveros, though pricing will be determined during the bookbuilding process in June. BBVA Continental issued in December what is considered to be Peru’s first MBS deal, $23.75m in sol-denominated 8-year notes at 6.75%.