4 Nov 2012

DEBUT DOLLAR-DENOMINATED BOND FOLLOWS SUCCESSFUL LOAN FINANCING IN JUNE

Investcorp Bank, a global provider and manager of alternative investment products, announced today that its wholly owned subsidiary, Investcorp S.A. has successfully completed a $250 million bond issuance. The bonds, which mature in November 2017, are guaranteed by Investcorp Bank.

The offering was well received from a wide array of over 95 global investors, resulting in an oversubscribed order book that included private banks subscribing for 60% and institutional investors subscribing for 40% of the offering. The distribution of bond investors was geographically well-diversified with 46% of investors from Europe (including the UK), 27% from the Middle East, 15% from Asia and 12% from the United States.

This is Investcorp’s first offering in the public dollar-denominated debt market as well as the first such debt issuance by an alternative investment firm out of the emerging markets. Commenting on the transaction, Rishi Kapoor, Chief Financial Officer of Investcorp, said: “The success of our first dollar-denominated public bond issue demonstrates the appeal of Investcorp’s business model to a broad international debt investor base. Following on from our recent successful $529 million loan financing in June, the bonds will add further flexibility and duration to our overall liquidity and funding profile and provide a robust platform for the pursuit of our business objectives over the medium term.”

Bank of America Merrill Lynch, Citigroup, Credit Suisse, ING, JP Morgan and RBS were joint lead managers and bookrunners on the offering.