Titularizadora Wraps up RMBS

Titularizadora Wraps up RMBS

Structured Finance

Titularizadora Colombiana capped off a COP385bn ($188m) RMBS sale with the placement of COP253bn in the domestic market. It sold COP145bn in 2019 bonds at 7.69%, COP71bn in 2024 bonds paying 9.00%, COP28bn in subordinated 2024s at 11.50% and COP9bn in 2024 mezzanine bonds at 12.00%. The sale, done through an underwriting process, follows Wednesday’s sale of COP133bn in 2019s through an auction that paid 7.69%. Proceeds from the transaction, rated AAA on a national scale, will strengthen Titulari

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