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BIPS

-2.35%
GOOD

Invesco Bond Income Plus Limited Issues Equity

Why we think this is good

The equity raise announced by Invesco Bond Income Plus Limited appears to be a routine, small-scale transaction to satisfy secondary market demand rather than a distressed fundraising. The raise is at a minimal discount to the previous closing price, indicating good investor appetite for the company's shares. The raise amount is also relatively small compared to the total issued share capital, suggesting it is not a significant capital requirement. There are no indications of continued funding risks or the need for further equity raises. Overall, the terms of the raise do not suggest any significant negative implications for the company or its shareholders.

Key Points

  • Issue of 175,000 new ordinary shares
  • Raise price of 169.67p per share, 0.19% discount to previous close of 170p
  • Purpose is to satisfy secondary market demand, not for major funding needs
  • Raise amount is small relative to total issued share capital

Summary

The prominent investment company has issued new equity to meet secondary market demand, with the raise priced at a minimal discount to the previous closing price.

Invesco Bond Income Plus Limited has announced the issue of 175,000 new ordinary shares at a price of 169.67p per share, representing a 0.19% discount to the previous closing price of 170p. The purpose of the raise is stated as satisfying secondary market demand rather than for any major funding needs. The raise amount is relatively small compared to the company's total issued share capital, suggesting minimal dilution impact on existing shareholders.

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