Private banks pile in as Investcorp appeals on Swiss debut

By Nathan Collins
15 May 2014

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.

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