MEXICO CITY, Nov 26 (Reuters) - Spain's state-owned

development bank, the Instituto de Credito Oficial, and lender

Sabadell's Mexico unit signed a $70 million financing

agreement on Wednesday to support Spanish-linked companies

operating in Mexico, marking their fourth such deal in six

years.

KEY CONTEXT

-- The agreement is part of ICO's International Channel Line,

which provides financing for Spanish companies' international

projects through local financial institutions.

-- Previous agreements between the two institutions have

financed 50 projects across sectors including energy,

construction, hospitality and transport.