Investors in Brazil's first international securitizations backed by real-denominated assets agreed recently to a postponement in final principal payments, allowing the landmark securitization program for computer manufacturer Vitech to remain afloat.

Bonds due to mature between April and November of this year will pay around four months later than scheduled, according to a source at Unibanco, which structured and underwrote Vitech's securities last year. "The trust will be able to generate the funds in this time," he explained.

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