Goldman Sachs was one of the first to spot the potential in China for preferred shares, a form of hybrid security
which listed companies can sell to raise capital with minimal dilution in the value of shares held by existing stakeholders.
compares the typical features of two forms of hybrid security
- a capital note issued by a bank and a subordinated note issued by a company - to shares, corporate bonds and bank term deposits, to identify the additional risks investors may be taking on; and
Security specialist Kaspersky Lab this week called on cyber security departments worldwide to adopt hybrid security
25 February 2010 A[cent sign]a'[not sign]a[euro]oe Moody's has reduced the rating assigned to a hybrid security
of Dutch bank Friesland Bank to Baa2 from Baa1 to reflect a revised rating approach.
A hybrid security
is an unsecured equity instrument, which is subordinated to the company's debt obligations.
The hybrid security
issue, which combines debt and equity features, is rated two notches lower than the 'twAA-' long-term counterparty credit rating on Hua Nan because of its subordinated status, the inclusion of a mandatory interest payment deferral clause that is subject to a regulatory capital test, and the financial status of the bank.
Bibliotheca also announced two new BiblioHybrid products: BiblioGate Hybrid security
gates and the Biblio SelfCheck Hybrid solution for patron self-service.
Both an insurance company that issues a hybrid security
and an insurance company that buys one are impacted by how the SVO classifies a hybrid security
Buckley said that comparability with other ratings is important to those looking at the ratings of hybrids and consequently, the new system attempts to make it easier to compare ratings with other ratings on a hybrid security
This is the first time for a nonfinancial firm to issue trust preferred securities, a hybrid security
that has characteristics of both debt securities and equities and is designed to minimize the dilution of shareholder value, NEC said.
Simply put, preferred shares are a hybrid security
offered by companies large and small, something of a cross between bonds and common stock.