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Parex banka ready to hold talks with noteholders

December 16, 2008 | OMX

Stock Company Parex banka (the Bank):
?200,000,000 5.625 per cent. Notes due 2011 (ISIN: XS0253533318) (the Notes)

In common with many other financial institutions, the Bank has been adversely
affected by the global financial crisis. Reflecting this, the Government of
Latvia has recently acquired around 85% of the shares in the Bank as a means of
supporting the Bank. The Bank has also entered into certain discussions with
lenders under its two syndicated loan agreements. The Bank would like to have
similar discussions with the holders of the Notes. Any Noteholder interested
in participating in such discussions is requested to contact the Bank using the
details below. The Bank will make further announcements as soon as it is able.

Company: Parex Bank

Full company nameParex Bank
Country of riskLatvia


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