Please be advised that from Tuesday the 24th of March, the hours of operation for the nabtrade contact centre will change to 9am - 5pm AEDT. This is to help us get through the large spike in call and email volumes we have been receiving. We apologise for any inconvenience caused.
Hybrid securities are a class of securities that have both debt and equity characteristics. These securities usually pay fixed or floating interest payments (or ‘dividend payments’) over a defined period. After this period they may be either redeemed, the interest margin is reset for a further set time period, or converted into equity (shares).
These securities often contain provisions that allow for the issuer (of the hybrid) the right to buy the security within a defined period, as well as other features that may impact the payment of interest (or dividends).
The most important aspect of hybrid securities for investors to understand is the credit/financial strength of the underlying issuer, and the ability of the issuer to meet its ongoing interest payments and capital repayments.
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1. Apply online - Complete our online application form - you can select from an Individual, Joint, Company or SMSF/Trust account.
2. Add cash to your account - watch the tutorial.
3. Start trading