MEDELLIN, Colombia, August 22 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. ("Bancolombia") announces that it intends to sell mortgage loans to Titularizadora Colombiana S.A. ("Titularizadora") amounting to approximately Ps. 191,098 million. These mortgage loans will be secured by Titularizadora through the issuance of TIPS (Colombia's mortgage-backed securities).
The purpose of this transaction is to continue the transfer of BANCOLOMBIA's mortgage loans to the capital markets.
