MEDELLIN, Colombia, Dec. 11 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. ("Bancolombia") announces that it sold mortgage loans in Pesos to Titularizadora Colombiana S.A. ("Titularizadora") amounting to approximately Ps. $151.0 billion (approximately US$ 65.6 million)(1). These mortgage loans will be secured by Titularizadora through the issuance of mortgage-backed securities.
The purpose of this transaction is to continue the transfer of Bancolombia's mortgage loans to the capital markets.
(1) Exchange Rate for December 11, 2008: Ps. 2,302.93 = 1US$
