Colombiana Places MBS

Mortgage securitization company Titularizadora Colombiana has issued COP181.4bn ($93.0m) in mortgage-backed securities (MBS) due 2020. The MBS pay UVR plus 2.5%. Demand was 2.4x the amount offered. The AAA rated MBS are backed by 6,976 mortgage loans of which 55% are originated by Davivienda and 45% by Bancolombia, the company says.