Parex seeks new loans in London

Parex Banka, taken over by the Latvian government in 2008, will begin talks for new loans when CEO Nils Melngailis will meet with bankers in London next week. A loan “could be used either for new lending or to start repaying the state treasury,” Melngailis said in an interview yesterday. The bank may raise funds with “either a syndicate or through a bond issue.”... Read more...