Titularizadora Colombiana Readies MBS

Colombian securitization shop Titularizadora Colombiana will Wednesday start selling some COP390bn ($178m) in 10-year notes backed by mortgages issued by BBVA, BCSC, Bancolombia and Davivienda. The TIPS Pesos E-9 issuance will be denominated in COP and have a fixed rate. An auction will be held to determine a minimum price. Titularizadora last closed a sale of 2018 2.2-year average life MBS December 4. The notes were priced with a coupon of 5.99%.