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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.

BADEA provides $50m LoC to Afreximbank

The line of credit, which is part of BADEA’s programme for financing foreign trade, will target sectors such as energy, industry and agriculture.

FNB Zambia raises $25m from IFC

According to figures provided by FNBZ, 28% of Zambian SMEs cite a lack of credit as their top operational constraint.

Sidley Austin hires new Singapore partner

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.

KfW issues €137.5m loan for Bangladesh power

The deal represents the highest KfW low-interest loan that has ever been approved for an individual project in Bangladesh.

Exiger expands London office

Anne Miglorine will be responsible for advising financial and corporate institutions on financial crime compliance in trade finance operations.

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.