Presumably the answer re RHCPA is that funding at BB+4.85% would be hard to replace, and that they are expected to continue to need this funding for quite a few years yet. For RHCPA holders to be repaid face value in (say) 2014 would be a disappointment to them.
Newbie intro..
Thanks all posters for a very informative thread, including useful links and facts.
I hold hybrids inside and outside SMSF and am basically buy & hold. Bought MQCPA, WBCPB and ANZPA on issue, (MQCPA just redeemed - I chose cash out). Also entirely lost a trivial amount...
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