Bahrain-based Investcorp has completed a $250m five-year bond issue priced at 8.25 per cent.

Investcorp began a roadshow of investors on 17 October. The deal was finalised on 25 October after building an order book understood to have been about $400m.

The bond was arranged by the US lenders Bank of America Merrill Lynch, Citigroup, JP Morgan, the UK’s Royal Bank of Scotland, Switzerland’s Credit Suisse and the Netherlands’ ING.