Paragon raising capital through rights issue rather than commercial credit

David

The market in the coming months is going to be interesting as more and more distributors and providers of financial products seek alternative methods of raising capital. Paragon is just one such company that rather than accepting as it sees it disadvantageous rates would rather dilute its share holding to secure its future funding needs. What is interesting is that the Merchant Banks make hay whether rain or shine. Either selling expensive credit or advising on issue opportunities.

Maybe now will be the right time for an alternative view to capital raising through the community lending markets such as Zopa who can put together like minded lenders and hopefully at a rate that is more bearable.