Armada D1 Pte, a venture between Forbes & Co, controlled by billionaire Pallonji Shapoorji Mistry, and Kuala Lumpur-based Bumi Armada Bhd plans to borrow US$280 million, a person familiar with the matter said.
The eight-year loan will be arranged by SBI Capital Markets Ltd, the investment banking unit of India’s largest lender, State Bank of India, the person said, asking not to be identified as the details are private.
Armada D1 is also in talks with banks to borrow US$100 million in a so-called bridge loan which would have a maturity of less than one year, the person said. -- Bloomberg
The eight-year loan will be arranged by SBI Capital Markets Ltd, the investment banking unit of India’s largest lender, State Bank of India, the person said, asking not to be identified as the details are private.
Armada D1 is also in talks with banks to borrow US$100 million in a so-called bridge loan which would have a maturity of less than one year, the person said. -- Bloomberg
