MEDELLIN, Colombia, Dec. 6 /PRNewswire/ -- BANCOLOMBIA S.A. ("Bancolombia") announces that it has sold mortgage loans in UVR ("Unidades de Valor Real"), to Titularizadora Colombiana S.A. ("Titularizadora") amounting to approximately Ps. 175,878 million. These mortgage loans will be secured by Titularizadora through the issuance of TIPS E-9, 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.
