Titularizadora Readies RMBS as Target increases, Costs Fall

Titularizadora Readies RMBS as Target increases, Costs Fall

Colombia Bonds Structured Finance

Titularizadora Colombiana is planning a domestic RMBS transaction as soon as this week of around $220m-equivalent, as it is raising its securitization issuance target rises as costs have become more favorable. The senior tranche of this week's deal should be 70% to 80%, Diego Rojas, Titularizadora's planning director, tells LatinFinance. The mortgage securitization specialist has increased its RMBS plans this year, and expects to issue as much as $1bn equivalent, up from around $500m in 2012, he

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