Parex yet to reach waiver agreement as deadline looms

Latvia’s Parex banka, which has an outstanding syndicated loan set to mature at the end of February, is yet to reach an agreement with lenders about whether or not it will be granted an extension. Read on for details of the negotiations surrounding the bank's debt.

  • 02 Feb 2009

The bank was partly nationalised in November, and lenders to Parex said that the continual management changes since last year had made negotiations a lot more complicated than expected, and that there was still no clarity about the outcome despite the looming deadline.

“It’s not as straightforward as we ...

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