The fund purchasing residential mortgage-backed securities insured by Syncora Guarantee Inc. once again extended its tender deadline, to 11:59 p.m. Thursday night.

The purchase of the RMBS is the second part of a plan Syncora is attempting in order to remedy its $2.4 billion policyholders’ deficit. Last week it reached agreements with 25 financial counterparties to commute or restructure $56 billion in credit-default swap exposure.

The New York Insurance Department said the agreement with the financial counterparties represented “significant progress.” It said it will continue to evaluate the results of the tender offer.

The RMBS tendered so far represent 27.4 remediation points, the same as earlier this week. It needs 72 remediation points to complete the deal.

BCP Voyager Master Funds SPC Ltd., acting on behalf of and for the account of the Distressed Opportunities Master Segregated Portfolio, will buy the securities. Syncora is providing up to $375 million in financing on the offer.

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