Private banks pile in as Investcorp appeals on Swiss debut
Bahrain-based alternative asset manager Investcorp made its Swiss franc debut on Thursday afternoon, increasing the size of a five year deal in response to strong demand from retail investors drawn in by a juicy coupon.
The deal is the first ever in Swiss francs from a Bahraini issuer, as well as the first from the Middle East so far in 2014. Investcorp — rated Ba2 by Moody’s — is also the first non-investment grade Middle Eastern issuer to tap the Swiss market.
Credit ...Already a subscriber? Login