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Yamal LNG completes final fundraising

Sponsored by Novatek (50.1%), CNPA (20%), Total (20%) and Silk Road Fund (9.9%), the project involves construction of a 16.5 mtpa three-train LNG plant with feedstock from the South-Tambeyskoye field in the Yamal peninsula.

Iran and South Korea ink LNG export agreement

The memorandum of understanding (MoU) was signed following the South Korean president Park Geun-hye’s visit to Iran on May 2.

Nidera refi syndication closed

The new loan signed the week of the previous facility’s April 24 maturity date and came in oversubscribed.

Uralkali signs $1.2b PXF

The loan will be used for general corporate purposes, including refinancing of Uralkali’s existing loans.

Lytron signs $15 million revolver

The cooling and thermal management firm said it will refinance existing debt and will offer additional working capital for future use, at a lower cost of capital.

IFC provides debt and equity release for Iraqi CCGT upgrade

Proceeds finance the upgrade of the existing plant from open-cycle gas turbine to combined-cycle. In addition new heat recovery and steam turbine generators will be added to the plant, increasing capacity by 500MW.

EFTA and Philippines sign free trade agreement

The member states of EFTA are Iceland, Liechtenstein, Norway and Switzerland, and the agreement covers trade in goods (industrial and agricultural goods, fish and other marine products), rules of origin, trade facilitation and sustainable development.

Kexim backs Panguil Bay Bridge project

The bridge will connect Tangub City, Misamis Occidental and Tubod City, Lanao del Norte and reduce travel time between Tangub and Tubod from the usual 2.5 hours to seven minutes.

Mercuria annual refinancing launched to banks

The deal - like Mercuria’s $2.5 billion June 2015 facility – is likely to be top heavy on one-year debt given bank discomfort with the commodities space

Bombardier seals $800m aircraft loan

The Canadian aerospace firm signed a $400 million revolving credit facility with a three-year and two-month tenor and a $400 million letter of credit facility with the same tenor.