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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

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.


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,