Financity Corporation structured the first trade receivable securitization in the Colombian market, sized at $19.4 million, the financing company said today in a press release.

The deal, which was issued by the Colombian textile producer, Coltejer S.A. ; was well oversubscribed and increased its triple-A rated note to $12.2 million from the pre-agreed minimum amount of $11bn. The issue was placed in the Colombian capital markets on October 10th.

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.