FRA asks securitized bondholders to extend maturities

DEBT WATCH- FRA asks securitized bond holders to extend maturities: The Financial Regulatory Authority approved a request from corporate bond issuers to extend the maturities of securitized bonds by six months and asked bondholders to follow suit, according to an official statement.

Background: A number of players in the securitized bond market met with the FRA earlier this week to request a six-month extension to maturities after the regulator granted a similar grace period for clients of mortgage lenders, factoring and leasing companies.