|2023/01/25 / Erste Group Research|
Corporate Hybrids: Focus "Extension Risk"
The majority of non-financial hybrids should continue to be redeemed at the first possible call date. We prefer investment grade hybrid bonds from non-cyclical sectors. Caution is advised, especially in the interest rate-sensitive real estate sector.
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|Author||Erste Group Research|
|Product name||Credit News|
|Topic in focus||Credits/ Corporate bonds|
|Economy in focus||Eurozone|
|Currency in focus||Euro|
|Sector in focus||-|
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