Following weeks of wait-and-see, Colombia's version of Fannie Mae pounced on signs of eased investor anxiety and placed the country's second ever MBS on Nov. 19. A mammoth by local standards, the Ps588-billion (US$220 million) issue brings the total pool of peso-denominated MBS to Ps1.07 trillion (US$400 million).

"There were investors who were scared of going medium-to-long term and our deal was precisely those maturities," said Mauricio Amador, vice president of finances for Titularizadora Colombiana. "[Still] we were pleased with the results."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.