Bahrain's Investcorp Bank to start roadshow next week for dollar-denominated perpetual notes

By Paul A. Harris

St. Louis, May 24 - Investcorp Bank will begin a roadshow on June 1 in Singapore for its dollar-denominated offering of tier I perpetual preferred notes (Ba1/BB+), according to a market source.

The roadshow moves to Hong Kong on June 2, to London on June 5, to Frankfurt, Germany, on June 6, and to Zurich and Geneva, Switzerland, on June 7.

BNP Paribas, Credit Suisse and Deutsche Bank are joint lead managers.

The notes will be non-callable for 10 years and will contain a coupon step-up provision.

The prospective issuer is a financial institution based in Manama, Bahrain.

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