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Investcorp redeems $52.38 million preferreds, calls $21.24 million more
By Tali Rackner
Norfolk, Va., July 15 – Investcorp SA announced that parent Investcorp Bank redeemed 52,382 of its preference shares for a total redemption price of $52,382,000, according to a filing with the London Stock Exchange.
The bank also gave notice that it will redeem an addition 21,243 preferreds on Aug. 12 for a total redemption price of $21,243,000.
Investcorp is an investment company based in Bahrain.
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