Last year, RMBS issuance in major markets of the U.S. and Europe plunged due to either sickly collateral, skittish investors or a combination of both. Colombia, meanwhile, put out a record volume of Ps1.6 trillion ($834 million) in RMBS domestically.

Activity this year has shown that the global crisis still has not seeped into this particular sector of activity, with issuance running at Ps1.4 trillion so far and expected to hit Ps1.7 trillion.

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