Land Bank's 2-year lending drought to farmers to end by September, Parliament hears

The Land Bank on Tuesday told Parliament that it would resolve the default on its debt by the end of September, ending a period of two years in which it has not been able to lend to farmers. The "liability solution" – which is the offer it will make to institutions that still hold its listed bonds – has been dragging on without resolution, with numerous offers turned down by bond holders that have regarded them as unfair.

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