Bahrain’s Investcorp has mandated six banks to arrange a bond issue for the firm and has begun a roadshow for investors on 17 October.

The investor meetings are being 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 Dutch ING. The size of the issue is not yet clear, but should be confirmed soon after the investor roadshow finishes on 22 October.

Ratings agency Moody’s Investors Service has given the deal a Ba2 rating with negative outlook, making the deal below investment grade.