MEDELLIN, Colombia, Nov. 2 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") announces that it intends to sell mortgage loans to Titularizadora Colombiana S.A. ("Titularizadora") amounting to approximately Ps. 262,931,204,384.27. These mortgage loans will be secured by Titularizadora through the issuance of TIPS Pesos E-5, a type of mortgage-backed securities.
The purpose of this transaction is to continue the transfer of Bancolombia's mortgage loans to the capital markets.
