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Why bank hybrids are far too expensive

Jonathan Rochford
25 July 2019
3

The recent rise in the prices of bank hybrids fails to recognise the risks involved, and they now look expensive compared to alternatives available to both retail and institutional investors.

The dramatic tale of two hybrids, CBA VII versus VIII

Rosemary Steinfort
9 February 2017
2

Issued just 18 months apart, two of CBA's preference share issues, PERLS VII and PERLS VIII, experienced vastly different market receptions and showed hybrids can also be volatile.

The perils of hybrids

Jonathan Rochford
17 July 2014
6

With the current low interest rates, many investors are building exposures to hybrids unaware of the risks. Check the warnings of legendary investor, Ben Graham, and consider if hybrids can withstand a downturn.

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