Titularizadora Places RMBS Part One

Titularizadora Places RMBS Part One

Structured Finance

Titularizadora Colombiana has sold COP133bn ($65.5m) in 2019 RMBS through the first portion of a domestic market sale worth up to COP386bn. The bonds priced at a fixed 7.69%, the result of an auction which saw demand reach 1.7x the offer, Titularizadora says. The issuer returns to market today with an underwritten sale including up to COP144bn in additional 2019 bonds, COP71bn in 2044 bonds, and COP37bn in subordinated and mezzanine bonds. Proceeds from the transaction, rated AAA on a national s

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