MEDELLIN, Colombia, March 5 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. ("Bancolombia") announces that it sold mortgage loans in Pesos to Titularizadora Colombiana S.A. ("Titularizadora") amounting to approximately Ps. 218.8 billion (approximately US$ 84.5 million)*. 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.
* Representative Market Rate: March 5, 2009 Ps. 2,589.48 = US$ 1 Contacts Sergio Restrepo Executive VP Tel.: (574) 4041424 Jaime A. Velasquez Financial VP Tel.: (574) 4042199 Juan E. Toro IR Manager Tel.: (574) 4041837
