The deadline to tender residential mortgage-backed securities insured by Syncora Guarantee Inc. has once again been extended, to 11:59 p.m. EDT June 22 from 11:59 p.m. June 19.

The tender offer is the second part of Syncora’s strategy to reduce its structured finance exposures and remedy its $2.4 billion policyholders’ deficit. Last month, the bond insurer executed an agreement with 25 financial counterparties to commute or restructure $56 billion in credit-default swap exposure.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.