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In the current capital market environment hybrid bonds are an attractive funding source: these instruments can strengthen the issuers’ equity without a capital increase. In addition, issuers benefit from low interest levels and investors’ appetite for yield. In anticipation of a corpfina roundtable taking place in Frankfurt on 15 October, Marc Herres (Senior Portfolio Manager at Union Investment Privatfonds GmbH) comments on hybrid bonds from an institutional investor’s perspective. The interview (in German) is available for download now.