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BKV announces HUF 5 bln loan tender

MNB

Budapest public transport company BKV Zrt has announced a public procurement tender for two business financing loans worth a combined HUF 5 billion, daily Napi Gazdaság reports.

The loan will be guaranteed by the government. Potential lenders have until August 15 to indicate their intent to run in the contest and until September 2 to submit their offers. Bidders are required to have booked least HUF 2 billion in equity capital to be eligible to run in the tender.

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