Colombia's most frequent mortgage-backed issuer, Davivienda, plans to issue another deal around July, after concluding its fifth local transaction earlier this year. The savings and loan institution is proceeding with its securitization program despite difficult conditions.

The lender had waited several months to place the last transaction due to poor economic conditions in Colombia, with interest rates high and investor demand weak; structuring on the $65 million deal had been completed last November (ASRI, 11/16/98, p.6).

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