Decoding Australian Hybrids: Episode 3 – A Global Market Context

We are pleased to share the third video in our four-part series on Hybrid Securities, where members of the Bentham Asset Management investment team provide insights into the evolving hybrid market and its broader global landscape.

In this video, Richard Quin, Bentham’s CIO & Principal, speaks with Harry Shearwood, Analyst – Bank Capital Securities, to explore the size and scope of the global hybrid securities market and how it compares to the Australian market.

This discussion covers:

• The scale of the global Additional Tier 1 (AT1) hybrid market compared to Australia
• Key issuers of hybrid securities across the US, Europe, and Asia
• Differences in liquidity between Australian and global hybrid markets
• The Tier 2 capital securities market and its role in global banking structures
• Considerations around market size, diversity, and issuer quality