Investcorp Total Return Swaps
London, May 31, 2017 - Investcorp S.A. announces today that its wholly owned subsidiary, Investcorp Trading Limited, has entered into $106.3 million, in aggregate, of total return swaps ("TRS transactions") with a financial counterparty. The economic returns to Investcorp Trading Limited on the TRS transactions are linked to Investcorp S.A.'s US$ 250 million 8.25 per cent notes due 2017. Investcorp Trading Limited may enter into additional, similar TRS transactions in future.
Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious growth strategy to double assets under management ("AUM") in the medium term. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in three lines of business: corporate investment, real estate and alternative investment solutions (formerly known as hedge funds), together with the recently added credit management business.
Since its inception in 1982, the Investcorp Group has made over 170 corporate investments in the U.S., Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 400 commercial and residential real estate investments in the US, for in excess of $53 billion in transaction value.
The Investcorp Group employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. It is publicly traded on the Bahrain Bourse (INVCORP). For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.
+44 20 3727 1522
Firas El Amine
+973 3998 7838
This information is provided by RNS