14
Mon, Oct
49 New Articles

CMS Advises on First Bond Issue Under Hungary's Bond Funding for Growth Scheme

CMS Advises on First Bond Issue Under Hungary's Bond Funding for Growth Scheme

Hungary
Typography

CMS Hungary has advised OTP Bank Plc., the arranger of Pannonia Bio's issuance of the first Hungarian forint bond in line with the Bond Funding for Growth Scheme announced by the Central Bank of Hungary in July, 2019 which involves the bank's purchase of bonds with good ratings issued by non-financial corporations as well as securities backed by corporate loans from a HUF 300 billion funding pool. Solo practitioner Gabor Kovacs represented Pannonia Bio.

According to CMS, Pannonia Bio's successful bond auction resulted in the sale of HUF 15 billion of bonds to the Central Bank of Hungary.  

The CMS team consisted of Partner Erika Papp, Senior Consultant Arpad Lantos, and Junior Associate Zsolt Beregi.

Hungary Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

Our Latest Issue