Report
Corporate Hybrid Bonds : No surprises, redemption at call remains the norm
The hybrid debt market has reopened since last year, but activity has slowed with the rise in interest rates, which has made this type of financing less attractive to issuers. As a result, new issues are becoming less frequent and mainly concern recurring players in this market who need to refinance their hybrids that have reached call date, even if this means paying a little more. Others, for whom hybrid debt is less important to their financial structure, are tending to move aw...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Delphine Chauvin
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