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Saga launches bond offering to bulk up finances before cruise resumption

June 22 (Reuters) - British over-50s holidays group Saga on Tuesday launched a 250 million pound ($347.20 million) bond offering and said it would also extend its debt maturities to gain financial flexibility, as it prepares to resume its cruise operations.

The UK-listed company, which plans to restart cruises this weekend after a months-long suspension due to the COVID-19 pandemic, said it has mandated Barclays Bank, HSBC Bank, Mizuho International and NatWest Markets to carry out roadshows for the offering.

($1 = 0.7200 pounds)

Reporting by Muvija M in Bengaluru; Editing by Amy Caren Daniel

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