Titularizadora Places TIPs

Securitization specialist Titularizadora Colombia has sold COP327bn ($184m) of 10-year RMBS bonds in the local market. The securities, known as TIPs, pay a fixed rate of 7.49%. The issue was part of a COP385bn sale that included subordinated debt, and saw total demand of 1.24x. Titularizadora managed the sale itself, aided by local brokerages. In a previous November sale, Titularizadora sold COP379.3bn of the 10-year TIPs at a rate of 7.6%.