Titularizadora Colombiana Issues RMBS

Colombian mortgage securitizer Titularizadora Colombiana has issued COP360bn ($201m) in residential mortgage backed securities due in 2020. The AAA rated notes priced at par to yield 2.20%. Demand was 3.5x the amount offered, the company says in a statement. About 43% of the notes are backed by mortgage loans originated by Bancolombia, 26% by BCSC and 31% by Davivienda. The company handled the issue itself.