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APQ Global says currently considering a further capital raise, possibly through convertible debt or equity

The AIM-listed firm said it “is exploring options for the capital raise which may be implemented through the issue of a convertible debt instrument or such other form of equity or debt as may be appropriate.”

Emerging markets
At the end of March, all of the company’s available funds were deployed though risk exposure was deliberately low

APQ Global Limited (LON:APQ), the emerging markets investment group has announced that it is currently considering a further capital raise.

In a brief statement, the AIM-listed firm said it “is exploring options for the capital raise which may be implemented through the issue of a convertible debt instrument or such other form of equity or debt as may be appropriate.”

In an update on April 20, APQ had said its is on track to meet its target annual dividend yield of 6% even though it maintained modest risk positioning over the past three months.

READ: APQ Global on track for dividend target

At the end of March, it said then, all of the company’s available funds were deployed though risk exposure was deliberately low during a period of ongoing volatility in emerging markets.

The group‘s largest equity positions remain concentrated in Russia, due to a bullish view on commodities and a belief that the current tension in relations between Russia and the United States will gradually improve on the back of a shared interest to restore stability in the Middle East.

Quick facts: APQ Global

Price: 17.5 GBX

AIM:APQ
Market: AIM
Market Cap: £13.7 m
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