Report
Delphine Chauvin

Corporate Hybrid Bonds : “To be called or not to be called”, that is the question ...

The least we can say is that the hybrid corporate debt market has been completely turned upside down by the rebound in rates since the beginning of the year! - Last year, there were about 50 hybrid debt issues, placed at ever lower rates (down to 1% for Danone and Adecco in September 2021) and with almost all of these bonds trading well above par, the main concern was the unexpected exercise of an early redemption clause. - Now, in a stalled market, there have been no new hybrid de...
Provider
Oddo BHF
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.

Analysts
Delphine Chauvin

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