agree, I am long TIMPB but am short TIM so happy with the TIMPB...

agree,

I am long TIMPB but am short TIM so happy with the TIMPB notes under any circumstances.

I also own SEVPC plus about 10 other hybrids. I think there are some tremendous opportunities out there due to foced selling from fund redemptions. But noting these all convert to equity, there is no refinancing risk (only dilution for equity holders and not the note holders)

e.g. the three "best" being MXUPA (See posts under MXG), AAZPB (ALZ)and GNSPA (GNS). Yields for these are in the range of 75% to 125% PER ANNUM (depends on what date you assume for exchange);