Business
Investcorp’s notes to be listed on Mauritius Stock Exchange
Investcorp (Holdings) Ltd (formerly S.L.D Investment Ltd) has announced that its Fixed Rate Secured Notes (IHL 5% p.a. 09/11/2028) were oversubscribed and the company has successfully placed with targeted investors, 1,123,000 Notes by way of the private placement.
The Notes will be issued to the investors on Tuesday, 9 November 2021 and will be listed on the Official Market of the Stock Exchange of Mauritius Ltd with effect from Wednesday, 10 November 2021, at an introductory price of MUR 1,000 each.
On the first day of trading, 500 Notes will be made available for trading at a price of Rs1,000 per Note.
IHL is an investment holding entity which invests directly or indirectly into completed, high quality commercial real estate assets with strong counterparty tenants and contracted rental escalations.