Timmy ElsewhereNovember 21, 2007 Tim WorstallTimmy Elsewhere2 CommentsTwo at The Business. The Guardian on drugs and why hasn\’t Paragon already gone bust? previousUnitynextRichie Babbie! 2 thoughts on “Timmy Elsewhere” Kay Tie November 21, 2007 at 3:56 pm Paragon isn’t bust because: 1. It’s debt rolls over at a different time to NR. 2. It has fully underwritten its rights issue. 3. It matched the timeframe of its borrowing to its lending (e.g. 10 year fixed rate mortgages are matched by 10 year bonds). Matthew November 22, 2007 at 2:47 pm Plus this? Cash for new lending for Paragon is also financed by a £2.3 billion “warehousing” facility from a banking syndicate. And it has a £280m corporate lending facility due for repayment in February. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.