Metinvest taps ECA-backed debt for steel plant works, Yara signs $1.1bn multicurrency RCF, and ICC releases new Incoterms 2020 in September

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:

• Metinvest has closed a €34.4 million ($38.57 million) ECA-backed loan to finance the large-scale reconstruction of Illyich Steel's hot strip mill 1700 in Ukraine

• Norwegian fertiliser producer Yara has signed a $1.1 billion five-year multicurrency revolving credit (RCF) with two one-year extensions

• The International Chamber of Commerce (ICC) will release the new Incoterms 2020 in September

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