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BIPS

0.29%
NEUTRAL

Invesco Bond Income Plus Limited Issues Equity

Why we think this is neutral

The equity raise appears to be a relatively minor event, with both positive and negative implications. The small discount and size suggest it is not a last resort funding, but the company's financial position and growth prospects are unknown, making it difficult to assess the long-term impact.

Key Points

  • Issue of 100,000 ordinary shares
  • Raise price of 171.78p per share
  • 0.012% discount to previous closing price of 171.8000030517578p
  • Purpose is to satisfy secondary market demand

Summary

The retailer has issued new shares to satisfy secondary market demand, with a small discount to the previous closing price.

Invesco Bond Income Plus Limited has announced the issue and allotment of 100,000 ordinary shares at a price of 171.78p per share, a slight 0.012% discount to the previous closing price of 171.8000030517578p. The purpose of the raise is to satisfy secondary market demand. The raise size is small relative to the company's market capitalization of 360.81M, a neutral factor. However, the potential for continued funding needs in the future is a negative consideration.

PLACING