Gómez-Pinzón helps Avista and Titularice in $20m placement

Gómez-Pinzón has assisted Avista, a fintech specialising in the digital origination of libranzas, and Titularice, a non-mortgage asset securitisation company, in the placement of $20 billion through Titularice on the Colombian Stock Exchange.

This transaction is part of an issuance and placement programme with a global quota of $200 billion. The issuance included two series of Asset-Backed Securities rated AAA+ by Fitch Ratings and a social certification by Sustainable Fitch, highlighting its sustainable approach and alignment with the Sustainable Development Goals.

Avista, specialised in digital libranzas, manages a portfolio of more than $1.3 trillion and serves more than 82,000 clients, mainly pensioners in rural areas.

Titularice, dedicated to the securitisation of non-mortgage assets, leads innovative processes of structuring and managing issues in the securities market, facilitating access to financing for its clients and promoting the development of the capital market in Colombia.

Gómez-Pinzón team consisted of partner Daniel Londoño (pictured), senior associate Catalina Prieto Núñez and junior associate Sara Ferrer.