HONG KONG: The US$276m seven-year loan for Forbes Bumi Armada Offshore Ltd has been oversubscribed, receiving more than US$300m in commitments from seven Indian banks, according to sources.
The borrower is Singapore-incorporated Armada D1 Pte Ltd, a joint venture between India's Shapoorji Pallonji & Co, Malaysia's Bumi Armada Bhd and Mauritian company Clean Environment Investments Co Ltd.
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