Hybrid Securities

Crown's $400m hybrid notes issue is not for the fainthearted … and why the RBA's hold move is a change signal.

On a risk versus reward basis, the hybrid securities return engine is only firing on two cylinders.

The success of some hybrid issues suggests investors must not understand the risks – and there is no upside.

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

Suddenly there is a rush of bank hybrids, but are the banks paying enough margin? Not everyone thinks so.

In striving for success with its '€˜covered bonds' CommBank has not done any favours for the Perls hybrids, especially Perls ...

Investors bought $285 million of PaperlinX hybrids in 2007, attracted by regular distributions and the prospect of a step-up....