Shaw & Partners hybrid switches

25 July 2017

 

The Income Strategies team at Shaw & Partners have come up with a recommendation for holders of Westpac Capital Notes 2 (ASX code: WBCPE) to switch to ANZ Capital Notes 3 (ASX code: ANZPG). The switch would result in a lengthening of an investor’s investment period from September 2022 to March 2024 but the Shaws team argues the additional margin was worth it. Below is a chart which shows how...

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