MYOB notes: Does 10% plus sound risky?

Investors in MYOB’s notes issue should account for the potential risk as well as the reward.

PORTFOLIO POINT: The MYOB subordinated notes issue has an attractive fixed coupon rate, however retail investors will rank behind other lenders.

Retail investors have soaked up more than $12 billion of debt so far this year, most of it in the form of high-yielding, but very high-risk, hybrid notes.

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