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.
The line of credit, which is part of BADEA’s programme for financing foreign trade, will target sectors such as energy, industry and agriculture.
The sell-down has been underway for a few weeks and is set to close this month.
The EKF participation will be linked to MHI Vestas supplying its V164-8.0 MW turbines for the project.
According to figures provided by FNBZ, 28% of Zambian SMEs cite a lack of credit as their top operational constraint.
A project and export finance specialist, Gartside has represented Korean and Japanese trading houses, contractors and financial institutions on joint overseas projects in Asia, the Middle East and Latin America.
The deal represents the highest KfW low-interest loan that has ever been approved for an individual project in Bangladesh.
Anne Miglorine will be responsible for advising financial and corporate institutions on financial crime compliance in trade finance operations.
Garanti has signed a dual-currency $1.4 billion-equivalent one-year deal to fund its trade finance lending.
The move follows Jamie Mabilat's switch to the role of head of debt optimisation and distribution last month.
The memorandum of understanding (MoU) was signed following the South Korean president Park Geun-hye’s visit to Iran on May 2.
The company now has 90 days to resolve the shortfall in the facility or else be declared in default.
The new loan signed the week of the previous facility’s April 24 maturity date and came in oversubscribed.
The loan will be used for general corporate purposes, including refinancing of Uralkali’s existing loans.
The loan has an accordion feature for an extra $300 million.
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.
The bookrunners are Bank of America Merrill Lynch, Citi, JP Morgan, Mizuho and RBS.
Hanjin has KRW5.6 trillion ($4.9 billion) of debt on its books, with KDB being the main creditor.
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.
He will focus on longer-dated origination, structured products and new markets.