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 it indicates strong investor demand for the company's shares. The raise is relatively small in size, with a minimal discount to the previous closing price, suggesting the company's financial position is stable and not driven by urgent funding needs. The low dilution for existing shareholders is also a positive factor.
Key Points
- Issue of 300,000 new ordinary shares
- Raise price of 173.21p per share, 0.12% discount to previous close
- Raise to satisfy secondary market demand, not for urgent funding needs
- Small raise size relative to total issued share capital
Summary
Invesco Bond Income Plus Limited has announced the issue of 300,000 new ordinary shares at a price of 173.21p per share, representing a 0.12% discount to the previous closing price of 173.00p. The purpose of the raise is to satisfy secondary market demand rather than for specific funding needs. The small size of the raise, relative to the company's total issued share capital, and the minimal discount suggest strong investor appetite and a stable financial position for the company.