Disclaimer
The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).
The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view more information.
Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.
By clicking Proceed I confirm that I am a professional investor and that I have read, understood and accept the terms of use for this website.
Fixed income
Hybrid bonds
Hybrid bonds are debt instruments that combine characteristics of both bonds and equities, offering features like fixed income payments while incorporating certain risks typically associated with equity. They are considered subordinate to traditional bonds in the capital structure, meaning they carry a higher risk of loss in the event of issuer default but offer higher yields as compensation for this increased risk.
Types of hybrid bonds
Hybrid bonds are commonly issued by financial institutions and corporations to strengthen their capital base. They may include features such as:
Perpetual bonds: Bonds with no fixed maturity date, where the issuer can defer interest payments under certain conditions.
Convertible bonds: Bonds that can be converted into a specified number of the issuer's shares under predefined circumstances.
Callable bonds: Bonds that give the issuer the option to redeem the bond before maturity.
