Investcorp bond on hold

28 July 2006

The planned tier-one bond issue for Bahrain-based Investcorp has been postponed until after the summer at the earliest. Roadshows were staged in June in Asia and Europe for the 10-year, dollar-denominated instrument. However, GCC stock market volatility is understood to have deterred potential investors since the paper is convertible to equity.

BNP Paribas, Credit Suisse First Boston and Deutsche Bank are arranging the issue (MEED 26:5:06).

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