Titularizadora Sells Local MBS

Mortgage securitization company Titularizadora Colombiana has issued COP518bn ($263.9m) in 2020 mortgage-backed securities (MBS) at a fixed 6.39%, the company says. Demand for the AAA rated securities was 3.8x the amount offered, says the issuer. The bonds are backed by 6,259 mortgage loans, of which 23.50% is originated by Davivienda, 22.50% by BSCS and 54.00% by Bancolombia.