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1 ASX Limited, Understanding Hybrid Securities, April 2014.
2 The yield to first call is also commonly referred to in the market as “yield to maturity”. Banks typically redeem hybrid securities at the first call date. However, there have and may be times where banks have not decided to redeem hybrid securities due to various factors including regulatory and commercial reasons.
The information in this module is not investment advice and has been prepared without taking into account your investment objectives, financial situation or particular needs (including financial and taxation issues). If you have any questions, you should seek advice from your financial adviser or other professional adviser.