QIC flags AUD corporate hybrid issuance surge to A$7.5 billion in 2025
Reuters2026/07/16 23:47By:Reuters
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- QIC flagged a sharp rebound in AUD non-financial corporate hybrids, with issuance at about AUD 7.5 billion in 2025.
- Supply stayed heavy in 2026, with AUD 5.4 billion priced through June 2, following near-zero issuance in 2023.
- APRA’s plan to phase out bank Additional Tier 1 from Jan. 1, 2027 is redirecting income demand toward corporate hybrids.
- Moody’s 2024 methodology lift to 50% equity credit for qualifying hybrids is strengthening issuer incentives to sell the structure.
- QIC expects higher spread sensitivity and weaker liquidity than senior debt, urging relative-value checks versus senior curves to price subordination risk.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QIC Ltd. published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.
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