In recent years, when one of a company’s existing hybrid approaches its first call date (or first optional resale date in this case), speculation turns to the likelihood of a replacement hybrid security. Macquarie Group Capital Notes (ASX code: MQGPA) had a June 2018 call date and, unsurprisingly, Macquarie issued a new hybrid security (ASX code: MQGPA) as a replacement in May of that year. However, Macquarie has now announced...