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What are corporate hybrids and how do they work?
Corporate hybrids are bonds issued by non-financial companies that combine characteristics of both debt and equity.
Our animated explainers are a complete visual guide to more complex and commonly misunderstood parts of fixed income such as Additional Tier 1 (AT1) bonds, residential mortgage-backed securities (RMBS), collateralised debt obligations (CLOs) and Corporate hybrids.