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Bonds and hybrids

Learn about the features, benefits and risks of bonds and hybrids.

Bonds and hybrids are both income producing investments, however they do have some very different features and risks.

As you work through this course, you will become more confident in understanding those differences.

One of the lowest risk investments available on ASX are Exchange-traded Australian Government Bonds (AGBs).

We welcome your feedback on this course.

Introduction to interest rate securities

1. Introduction to interest rate securities

Learn about these income producing investments. An essential module to understand the basics.

Estimated time to complete: 20 mins.

Introduction to interest rate securities - text version (pdf 744.49KB)

Income - choosing the right security

2. Income - choosing the right security

Income is the primary reason for investing in an interest rate security. Learn the key concepts of how it is paid.

Estimated time to complete: 20 mins.

Income - choosing the right security - text version (pdf 1072.35KB)

Repayment and conversion

3. Repayment and conversion

Interest rate securities may return you cash or convert into shares at the end of their term. Learn how this works.

Estimated time to complete: 20 mins.

Repayment and conversion - text version (pdf 546.81KB)

Corporate bonds/notes

4. Corporate bonds/notes

Want to invest in corporate bonds? Learn about their features, benefits and risks.

Estimated time to complete: 20 mins.

Corporate bonds/notes - text version (pdf 1084.63KB)

Hybrids (1) Preference shares

5. Hybrids (1) Preference shares

Want to invest in hybrids? Learn about their features benefits and risks.

Estimated time to complete: 20 mins.

Hybrids (1) Preference shares - text version (pdf 1092.89KB)

Hybrids (2) Convertible notes

6. Hybrids (2) Convertible notes

Learn about the unique risks and benefits that convertible notes offer.

Estimated time to complete: 20 mins.

Hybrids (2) Convertible notes - text version (pdf 976.85KB)

How to buy and sell interest rate securities

7. How to buy and sell interest rate securities

A practical course on how to find prices, codes, announcements, distribution information and key terms used by your broker.

Estimated time to complete: 20 mins.

How to buy and sell interest rate securities - text version (pdf 517.92KB)