Invesco Bond Income Plus Limited Issues New Shares
Why we think this is good
The equity raise by Invesco Bond Income Plus Limited is a positive development, as the new shares are being issued at the current market price without any discount. This suggests strong investor demand for the company's shares and indicates the funding needs are modest. The small raise size relative to the total shares outstanding also means the dilution for existing shareholders is minimal.
Key Points
- Issue of 325,000 new ordinary shares
- Shares priced at current market price of 171.54p
- Small raise size relative to total shares outstanding
Summary
Invesco Bond Income Plus Limited has announced the issue of 325,000 new ordinary shares at a price of 171.54p per share, which is the current market price. The raise is a relatively small amount compared to the company's total shares outstanding of 211,679,323. This suggests the funding needs are modest, and the dilution for existing shareholders is minimal. The lack of any discount to the current share price is a positive sign, indicating strong investor appetite for the company's shares.