IRIS reaches the capital market with a securitization of $44 billion
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TL;DR
- IRIS completed a COP 44 billion portfolio securitization, its first entry into the capital markets.
- The operation exceeded the initial offer of COP 35 billion and saw demand that surpassed expectations.
- The securitization received a AAA rating from BRC Ratings, indicating the solidity of the underlying assets.
- The funds will be used for factoring, credit, portfolio purchases, and TES instruments to expand origination capacity.
- This transaction is part of a program that could reach up to COP 150 billion.
- IRIS aims to establish a presence in the capital markets to diversify its funding sources structurally.