Depending on the ticket size and terms I'll consider chucking money in. I already have lots of hybrids and notes with some banks. Each of these pays an on going payment above BBSY so hedged for inflation. Funding costs are sky rocketing, issuing notes would likely make financial sense. DYODD naturally & speak to an advisor in doubt. It pays to be well informed even if you have to pay for that advice.
The risk profile on these would be very attractive to someone that understand the ultimate business that sits behind them, like many of us here do. I won't be buying anymore bank notes for sure .
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