Korea agrees $20bn defence deal with Poland; Lotte Chemicals to close $2bn ECA equipment loan; Further details emerge on ChemOne Group’s PEC project

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:

• KfW IPEX-Bank, together with Swedish Export Credit Corporation, has agreed ECA-backed financing for the construction of 1,000 drinking water boreholes with solar pumps in the Ivory Coast
• Argentina's Pampa Energia (Caa3/CCC+/B-) has extended over 80% of its next major international bond maturity after its decision to improve the terms of an exchange offer was enough to lure bondholders into participating
• Further details have emerged in relation to the $350 million financing for North American headquartered precious metals merchant Auramet Trading and Auramet International. The facility, led by ING Capital, has a one-year tenor and is structured as a revolving credit facility, details not previously released.

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