FPSO financings near close on Korean ECA support; Cocobod annual PXF pricing to increase; Lake Resources to close Kachi lithium project funding next year

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The financings backing the procurement of three FPSOs – with backing from K-SURE and Kexim – are targeted to reach financial close early next year

• State-owned Ghana Cocoa Board (Cocobod) is in the market to refinance its annual Pre-Export Finance (PXF) facility in an otherwise muted Central and Eastern Europe Middle East and Africa (CEEMEA) syndicated loan market

• Australia-based Lake Resources is expected to close a roughly $600-800 million ECA-backed limited-recourse debt package to finance the construction of its flagship Kachi lithium project in Argentina in Q3 2023. 

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