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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

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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. BLS 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.

The BLS team included Partners Gabor Kovacs and Erzsebet Szalay and Associate Mark Bene.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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