Banking/Finance

Hungary: Convertible Loans Simplified

Convertible loans have emerged as a pivotal financial instrument for start-ups navigating the challenging terrain of early-stage funding (pre-seed and seed), also called angel investment. These loans are a hybrid of debt and equity financing, offering a unique solution for companies that are not yet ready for a formal valuation or are seeking to bridge funding gaps between capital-raising rounds.

Clifford Chance and Bernitsas Advise on HFSF's EUR 690 Million Sale of 10% in National Bank of Greece

Clifford Chance and Bernitsas have advised the Hellenic Financial Stability Fund on its EUR 690 million sale of a 10% stake in the National Bank of Greece with J.P. Morgan, Goldman Sachs, Morgan Stanley, and UBS as the joint global coordinators. Milbank reportedly advised the underwriters.

GKC Partners Advises Lenders on EUR 90 Million Loan to Temsa

White & Case's Turkish affiliate GKC Partners has advised Akbank, ING Turkiye, MUFG Bank Turkey, QNB Finansbank, and Turk Ekonomi Bankasi on an approximately EUR 90 million loan to Temsa.

White & Case and A&O Shearman Advise on Moneta's EUR 300 Million MREL Notes Issuance

White & Case has advised BNP Paribas and J.P. Morgan as the joint global coordinators, BNP Paribas, Goldman Sachs Bank Europe, and J.P. Morgan as the joint lead managers and joint bookrunners, and J&T Banka as the co-manager of Moneta Money Bank's issuance of EUR 300 million fixed-to-floating rate senior preferred notes due 2030. A&O Shearman Sterling advised Moneta.

Clifford Chance Advises NEPI Rockcastle on EUR 500 Million Issuance

Clifford Chance has advised NEPI Rockcastle on its EUR 500 million green bonds issuance. Linklaters' Amsterdam and London offices reportedly advised the dealers, including Deutsche Bank, Raiffeisen Bank International, SMBC, Societe Generale, and UniCredit.