VOL. XLIV

No. 23

4-June-2001

BAHRAIN

Investcorp Preference Share Issue Oversubscribed

Bahrain-based Investcorp announced on 22 May that its Tier 1 preference share issue comprising 200,000 Series A shares at a nominal value of $1,000 per share, closed on 16 May, 24% oversubscribed. In a statement, Investcorp said that the $200mn, which is non-dilutive to common shares, was raised "to maintain its strong capital base, increase financial flexibility and finance new business opportunities."

The...