SAAG plans $60 million five-year exchangeable bond offering

By Evan Weinberger

New York, Dec. 3 - SAAG Consolidated Bhd. plans to launch $60 million in five-year exchangeable bonds, the company announced Monday.

No further details were available for the Regulation S transaction.

SAAG announced a concurrent share split and rights offering.

SAAG is a Petaling Jaya, Malaysia-based engineering firm. The company plans to use the proceeds for capital expenditures and projects, working capital and to repay existing debt.

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