Hybrid rush hits the market

ANZ and Westpac hybrids may be getting all the attention, but Swiss Re has a compelling story to tell.

PORTFOLIO POINT: ANZ and Westpac's hybrid issues have been well received by investors, and there's much to like in a lesser-known Australian dollar hybrid from Swiss Re.

ANZ Sub-debt versus the Westpac hybrid

The spate of hybrid issues continues apace, with ANZ and Westpac both accommodating market demand for the equity-debt security.

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