Export Credit Agencies News
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Jet Airways (India) Ltd. may announce an order for more than 100 planes from Boeing Co. and Airbus SAS at the Paris Air Show next month, the CAPA Centre for Aviation said, after the carrier won investment from Etihad Airways PJSC.
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Notore Chemical Industries Ltd., a Nigeria fertilizer producer, is investing $600 million to build a power plant at its factory in the southern town of Onne, Ikponwosa Izedonmwen, the company’s head of corporate finance, said.
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Roy Hill Holdings Pty, Australian billionaire Gina Rinehart’s unit that’s seeking to raise A$7 billion ($7.3 billion) in debt to build an iron ore mine, said it expects to complete funding by the end of the year.
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Middle Eastern and North African companies planning $740 billion in energy projects will need to tap foreign export credit agencies and local banks as commercial lending to the industry slumps to a nine-year low.
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Rio Tinto Group attracted nearly double the $2 billion sought from commercial banks for the Oyu Tolgoi project finance deal, according to three people familiar with the matter.
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Rio Tinto Group’s $4 billion project financing to fund the Oyu Tolgoi mine in Mongolia has received pledges of at least $3 billion from banks, according to three people familiar with the matter.
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Qatar Petroleum is about to hire consultants for the financing of a $6.5 billion petrochemical plant to be built in partnership with Royal Dutch Shell Plc, the state energy company’s director of finance said.
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Rio Tinto Group proposed initial terms on a $4 billion project financing for the Oyu Tolgoi copper-gold mine in Mongolia as it tussles with the government over profits, three people with knowledge of the deal said.
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Santos Ltd., the Australian energy company building the $16 billion Gladstone liquefied natural gas project in Queensland state, obtained $1.2 billion in debt facilities backed by three government export credit agencies.
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The mud, shin deep and soot gray, squelches and tugs at John Murray’s work boots, holding them fast.
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