Summary: CBA to issue new hybrid security; upcoming call on CBAPF hybrid in March; expected to initially pay around 2.80% (annualised, including franking credits); likely issue margin at low end of trading margin band; first call date in June 2029; trading expected to begin on 1 April 2022. In recent years, when one of a company’s existing hybrids approaches its first call date (or first optional exchange date), speculation turns...