11 Jan, 2008
Paragon Group has this morning revealed it will raise £287m
of capital from shareholders through a rights issue.
The buy-to-let lender says this will ensure it will be able to
repay all outstanding debts up until 2017.
Paragon is seeking to put in place new financing facilities and
when these have been settled, it will launch a new range of
buy-to-let products for new lending.
The share price plunged nearly 38% to 63p in this morning's