Glossary
Hybrid bonds
Equity-like, subordinated corporate bond with special call rights of the issuers.
Hybrid bonds are a hybrid of bonds and shares, as interest payments can be suspended or deferred under certain predefined conditions, usually depending on the company's earnings. In addition, they are usually subordinated and can be called unilaterally by the issuer. This increases the risk for investors* who expect a higher interest rate.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
Deutsche Börse 
