According to top bank sources, five salmon farming companies -- Cultivos Marinos de Chiloe, Pesquera Yadran, Trusal and Pacific Star -- reached agreements with banks, La Tercera reported.
According to executives in the financial sector, the average debt renegotiation period is seven years, which includes a two-year grace period to cover the time salmon firms will require to restore production at facilities hard hit by the infectious salmon anemia (ISA) virus.
Banco de Chile, Santander, BCI, BBVA, Corp-Banca, Security, and Rabobank are involved in negotiations and have signed agreements, the newspaper reported.
The
