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More firms likely to seek easing of debt covenants next year

Last quarter of 2015 sees several firms initiating negotiation with investors for easier tems

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OCBC Bank's Tan Kee Phong said that the number of bond issuers which are feeling "stretched" is small compared to the 161 Singapore-dollar bond issues sold this year.

Singapore

MORE companies next year are likely to ask bondholders to relax financial convenants as the economy gets more challenging, said a fixed income banker.

In the last quarter of 2015, several companies have begun negotiating to "loosen their convenants", said Tan Kee Phong,

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