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Hybrid game theory: fresh deals or rollovers?

03.02.2017

Realm Investment House's Andrew Papageorgiou says ASX bank hybrids are currently "fair to moderately dearly priced". He argues that a new major bank hybrid with a five-year call should be priced at 4.25 per cent above bank bills, or a bit wider than current listed market levels, to compensate investors with "attractive" economics.


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