Cheniere Energy (LNG +0.7%) will sell $2.5B in convertible notes...

• Cheniere Energy (LNG +0.7%) will sell $2.5B in convertible notes to help fund construction of the Corpus Christi liquefaction project in Texas to export natural gas.
• EIG Management and RRJ Capital will buy the notes, which can be converted into LNG common stock; RRJ will have the right to transfer a portion of the notes to Temasek Holdings, Singapore’s state-owned investment company.
• The Corpus Christi facility would be LNG’s second project to export natural gas from U.S. shale production; the company's Sabine Pass terminal in Louisiana is under construction.