Reports regarding a new hybrid from Bendigo and Adelaide Bank emerged a week ago and those reports have now been confirmed. Bendigo has announced it intends to issue $300 million worth of Converting Preference Shares 4 (ASX code: BENPG), with the ability to raise more or less than this amount. The proceeds of the offer will be used to refinance Bendigo’s CPS (ASX code: BENPD) hybrid securities which were issued...