Published on 10/24/2012 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Bahrain's Investcorp prices $250 million 8¼% five-year notes at par
By Christine Van Dusen
Atlanta, Oct. 24 - Bahrain's Investcorp SA priced $250 million five-year notes (Ba2//BB) at par to yield 8¼%, a market source said.
The notes priced in line with talk, set at the 8¼% area.
Bank of America Merrill Lynch, Citigroup, Credit Suisse, ING, JPMorgan and RBS were the bookrunners for the Rule 144A and Regulation S deal.
Investcorp is an investment company based in Bahrain.
Issuer: | Investcorp SA
|
Amount: | $250 million
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Maturity: | Nov. 1, 2017
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Description: | Notes
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Bookrunners: | Bank of America Merrill Lynch, Citigroup, Credit Suisse, ING, JPMorgan, RBS
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Coupon: | 8¼%
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Price: | Par
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Yield: | 8¼%
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Trade date: | Oct. 24
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Settlement date: | Nov. 1
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Ratings: | Moody's: Ba2
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| Fitch: BB
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Distribution: | Rule 144A and Regulation S
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Price talk: | 8¼% area
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