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Kinstellar Advises Bank of China on Photovoltaic Power Plant Financing in Hungary

Kinstellar Advises Bank of China on Photovoltaic Power Plant Financing in Hungary

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Kinstellar’s Budapest office has advised mandated arranger and facility and security agent Bank of China on an approximately USD 75 million loan to sponsor China National Machinery Import and Export for the construction and operation of a 100 MW photovoltaic power plant in Hungary. Allen & Overy reportedly advised the sponsor.

According to the firm, The financing was provided across two tranches with a maturity of 15 years. The project, consisting of two 49.28 MW photovoltaic power plants, will be built in Kaposvar, a city in south-western Hungary, and provide electricity to 50,000 inhabitants.

“We are delighted to have supported the Bank of China on this successful market-leading financing,” commented Kinstellar Partner Csilla Andreko. “We particularly appreciate the opportunity to have worked closely with this leading international banking group and its outstanding management team to facilitate the success of this transaction.”

The Kinstellar team was coordinated by Counsel Levente Hegedus and Senior Associate Mate Nagy and included Junior Associate Zoltan Zagyva. Andreko served as the firm’s relationship partner for Bank of China.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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