hybrid securities

APRA recently revealed plans to phase out banks’ use of AT1 capital - an atypical event in a sector offering attractive long-term returns

Nicholas shares his thoughts on how Hybrids have evolved from 1990s, to the notable CBA PERLS, to where we are today & role of secondaries.

When thinking about a capital structure, on one end of the spectrum you have senior debt and on the other, equity. The securities in the middle can be unloved at...

With interest rates near all-time lows, ASX-listed bank hybrids have become an increasingly popular source of regular and stable income for clients alongside the...

Last week, at one of our Livewire team meetings I told my colleagues that I'd been getting interested in Hybrids, especially since the listing of the brand new...

Owners of Crown hybrids (CWNHB) have one heck of a bet on their hands. Given the current price, holders have taken a strong view that they will be redeemed on or soon...

Australian income investors' lives have changed, maybe permanently. The collapse in cash and term deposit rates has made things much harder than it was between 1990...

After 21 years, long suffering NABHA holders can finally see the end of their bumpy journey. Whilst NABHA holders have received what was required from their...

The media sometimes uses the terms “smart money” and “dumb money” to describe institutional and retail investors respectively. The premise is that institutions have...

Australians tend to have a lot of cash, property, and equities. There is not much in between. Hybrids, however, generally pay a healthy regular income on a quarterly...