LNG

Dec 6 (LNGJ) - Cheniere Energy, the US owner of the Sabine Pass LNG export plant in Louisiana, is borrowing about $1.5 billion to help develop its second liquefaction plant being constructed at Corpus Christi in Texas. The borrowing is in the form of senior secured notes being sold to investors. The value of the Cheniere notes was increased by $500 million from an initial $1Bln. The notes will bear interest at a rate of 5.875 percent per annum and will mature on March 31, 2025. The offering is expected to close on December 9.