HSBC loan for Otopeni Airport

HSBC Bank officials will sign a loan agreement worth 15.3m euros with the Ministry of Transports, Constructions and Tourism today. The loan is secured by the Romanian state and is aimed at modernising the Bucharest Otopeni International Airport (AIBO). This is the third loan granted by Britain’s HSBC for AIBO in the past few years, with the previous loans worth $59m and 40m euros. The loan matures in two years and must be paid back in eight and a half years. The total value of works is estimated at 43.6m euros, with Romaiport SC selected as general entrepreneur. ZF