December 8, 2011
Bumi Armada Signs USD341.1 Million Financing For Its Vietnamese FPSO Armada TGT 1
8 December 2011 – Bumi Armada’s subsidiary, Armada TGT Ltd, signs Facility Agreement with seven financial institutions for facilities totalling USD341.1 million (MYR1.08 billion equivalent) to finance costs related to the conversion and installation of the FPSO Armada TGT 1 for deployment in the Te Giac Trang Field, offshore Vietnam. Sumitomo Mitsui Banking Corporation is the coordinating bank, mandated lead arranger, facility agent, security agent and account bank with the following banks as mandated lead arrangers – CIMB Bank Berhad, ING Bank N.V., Maybank Investment Bank Berhad, OCBC Bank (Malaysia) Berhad, RHB Investment Bank Berhad and The Bank of Tokyo-Mitsubishi UFJ Ltd.
From left to right: Mr Kong Kok Chin, Director, Head of Regional Banking from CIMB Bank; Mr Berend Deiters, Head of Natural Resources Asia Finance from ING Bank N.V.; Mr Michael Oh-Lau, Head of Debt Markets from Maybank Investment Bank Berhad; Mr Rajeev Kannan, General Manager of Sumitomo Mitsui Banking Corporation (Singapore Branch); Mr Hassan Basma, ED/CEO of Bumi Armada and En Rezza Hassan, ED/CFO of Bumi Armada; Ms Tan Ai Chin Head of Investment Banking from OCBC Bank (Malaysia) Berhad; Mr Mike Chan, Acting Director of RHB Investmnest Bank Berhad; Mr Jun Minamoto, General Manager of The Bank of Tokyo-Mitsubishi UFJ Ltd (Labuan Branch).