deep discounted rights issue

/di:p dɪs'kaυntɪd raɪts/ noun
a rights issue where the new shares are priced at a very low price compared to their current market value
▪▪▪
‘…as the group’s shares are already widely held, the listing will be via an introduction. It will also be accompanied by a deeply discounted £25m rights issue, leaving the company cash positive’ [Sunday Times]

Dictionary of banking and finance. 2015.

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