Titularizadora Sells COP370bn RMBS

Titularizadora Colombiana has sold COP370.41bn ($207.79m) in a 2-tranche RMBS. A COP259.1bn issue of 2018 bonds came at 11.25%, and a COP80.14bn 2023 priced at 11.50%. Two subordinated pieces totaling about COP35bn should price today. The AAA locally-rated offer was 1.9x oversubscribed, Titularizadora says. A pool of 5,600 mortgages originated by Bancolombia and Davivienda backs the notes. Afin, Bancolombia, Banco de Bogota, Corficolombiana, Correval, Davivalores and Interbolsa placed the offer.