Armada D1 Pte, a venture between Forbes & Co, controlled by billionaire Pallonji Shapoorji Mistry, and Kuala Lumpur-based Bumi Armada Bhd signed a US$100 million loan, according to a person with direct knowledge of the matter.
The so-called bridge loan has a maturity of nine-months, the person said, asking not to be identified because the details are private.
SBI Capital Markets Ltd, the investment banking unit of the nation’s largest lender, State Bank of India, arranged the facility, the person said. The venture is still working on a separate loan of about US$280 million which will mature in eight years, the person said. -- Bloomberg
The so-called bridge loan has a maturity of nine-months, the person said, asking not to be identified because the details are private.
SBI Capital Markets Ltd, the investment banking unit of the nation’s largest lender, State Bank of India, arranged the facility, the person said. The venture is still working on a separate loan of about US$280 million which will mature in eight years, the person said. -- Bloomberg
