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MKB to lend Ft 90 bln for Hungary's roads

A group of banks led by MKB Bank Rt won a bid to lend the Hungarian state Ft 90 billion for building roads, business daily Világgazdaság reported.

MKB, along with OTP Bank Rt and the Hungarian units of Erste Bank AG, Banca Intesa SpA and Citigroup Inc. will help finance motorway construction until a bond sale planned for the end of next month, the newspaper said. Deutsche Bank AG also bid to provide the loan, the newspaper reported.
Világgazdaság said March 16 that the government may postpone its planned bond sale to finance roadbuilding to the end of April, in light of April 9 general elections.