Titularizadora Prices RMBS

Colombian mortgage securitizer Titularizadora Colombiana has priced COP130bn in 2019 RMBS, in the first stage of the sale targeting COP442bn in funds. The 2019 senior notes priced at 7.70%, with total demand reaching COP272bn. The remaining COP313 – in 2019 senior, 2024 senior, 2019 subordinated and 2019 mezzanine tranches – is set to price today. The senior notes are rated AAA on a national scale, with subordinated and mezzanine tranches rated A and BBB+, respectively. Mortgage credits originated by Bancolombia, Davivienda and BBVA, back the securities. Ten local brokerages are managing the sale process.