Peruana Wraps Debut RMBS

Titulizadora Peruana has priced a $32m RMBS, its first ever mortgage-backed security offering, according to an official at the securitization specialist owned by Titularizadora Colombiana. The 20-year bonds backed by mortgages from BCP and Interbank pay 4.8% and saw demand of $34m. The bond is dollar-denominated to match the currency of the loans. In addition to the AAA rated senior pice, a 9.0% subordinated issue raised $2m. BCP’s Credibolsa unit and Inteligo are placement agents for the deal.