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Analysis

HSBC claims Pacific Andes in breach of bond agreement

Board of Pacific Andes says the company has received a letter from HSBC alleging it is in breach of obligations of its bond

By Tom Seaman | Jan. 11, 2016 09:14 GMT
Peruvian anchovy catches expected to reach 5m metric tons
Anchovy fishing in Peru. Photo: Copeinca
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The board of Pacific Andes Resources Development (PARD) said the company has received a letter from HSBC, the lender trying to push China Fishery Group into liquidation, alleging it is in breach of obligations of its bond [...]

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Contact the author tom.seaman@undercurrentnews.com

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