DLA Piper has advised the Government Debt Management Agency (AKK), acting on behalf of the Republic of Hungary, on an international syndicated revolving credit facility agreement for a total amount of EUR 1.5 billion with 13 undisclosed Hungarian and international banks. CMS advised the coordinating banks.
The mission of AKK, according to its website, "is to finance the government debt and the central government deficit at the lowest costs, in the long run, taking account of risks, at a high professional level and by using sophisticated methods."
The DLA Piper team included Partners Karen Young and Gabor Borbely and Senior Associate, Gyorgy Boros.
The CMS Team included Partner Eszter Torok and Senior Associate Dorottya Varga-Giesz.
