Phil Strano News Today

In the depths of the pandemic, Scentre turned to hybrid capital to protect its balance sheet. Now, some argue office landlords should follow the mall operator’s example.

They’ve experienced a brutal adjustment as yields have lurched to decade highs. Now they’re offering a compelling option to protect and even grow wealth.

Hybrids are marketed as unique securities combining elements of stocks and bonds. But they are under fresh scrutiny amid a series of global banking crises.

Anxious investors in so called too big to fail bonds will be frozen with fear until month end when a Challenger bond is due to be repaid.

Yarra Capital Management has boosted its investment team with two new hires and two senior promotions.