Ttitularizadora Wraps RMBS

Titularizadora Colombiana has sold COP129bn in RMBS Monday to complete a two-session COP246bn sale. The securitization shop sold COP48bn in 2019 senior notes paying 5.7%, COP57bn in 2024 senior notes paying 8.0%, COP18bn in 2024 subordinated bonds paying 11.5% and COP6bn in 12.0% 2024 mezzanine notes. Titularizadora had started the sale Friday, placing COP117bn of the senior 2019s through an auction process that established the 5.7% pricing level for senior notes. The deal rated AAA on a national scale is secured by mortgages from Bancolombia and Davivienda. Titularizadora self-ran the issue.