By Angela McDaniels
Seattle, March 26 - KLG Systel Ltd. issued $22 million of foreign-currency convertible bonds to Goldman Sachs International on Monday, according to a company notice filed with the Bombay Stock Exchange.
Elara Capital Plc, London was the lead manager and bookrunner for the issue.
The bonds will be listed on the Singapore Stock Exchange, according to the notice.
The company received shareholder approval at a meeting on Feb. 10 to issue up to $25 million of foreign-currency convertible bonds, American Depositary Receipts, Global Repository Receipts or other securities.
KLG is based in Gurgaon, India, and produces specialized software for use in computational engineering and sciences, project management, power system management, automation and supply chain optimization.
| Issuer: | KLG Systel Ltd.
|
| Issue: | Foreign-currency convertible bonds
|
| Bookrunner: | Elara Capital plc
|
| Amount: | $22 million
|
| Price: | Par of $10,000
|
| Settlement: | March 26
|
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