Suncorp, Bendigo hybrids next to be replaced

29 August 2017

 

Hybrid securities have been popular for over twenty years in Australia. Each new issue of a hybrid provides another example of the ease at which companies, especially banks, are able to raise hundreds of millions of dollars by issuing these securities and usually with plenty of unsatisfied investor demand. The latest ANZ capital raising via its latest Capital notes 5 offering is a good example. Already $552 million of the...

read full story