How bankers’ have a gun at your head

Unfavourable reviews on preference share offers like ANZ CPS3 and Suncorp CPS2, or subordinated notes such as Colonial Group Subordinated Notes, always get the phones running hot. Not so much from members mind you, but investor relations flaks and brokers. Nothing rankles them quite so much as our refrain that the 10, 20 or 50-year official terms on these securities might actually be 10, 20 or 50 years. Or that perpetual might actually mean forever, or thereabouts. ‘No chance,’ they argue explicitly or implicitly, ‘never happens’. The ‘reputational risk’ of not redeeming at the first opportunity (usually five years in)...

Unfavourable reviews on preference share offers like ANZ CPS3 and Suncorp CPS2, or subordinated notes such as Colonial Group Subordinated Notes, always get the phones running hot.

Not so much from members mind you, but investor relations flaks and brokers.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles