Bendigo and Adelaide Bank will sell hybrid securities in the short term and might be in the market for ordinary shares if it can drum up further acquisition opportunities.Mike Hirst, managing director of Bendigo, told a briefing yesterday that "where there is opportunities for us that fit within our existing strategy, we'll look to execute on those.""It'll be interesting over the next 18 to 24 months to see what does come up… In these times of low organic growth, the inorganic growth opportunities start to emerge."This year, Bendigo bought Bank of Cyprus in Australia. This business will be rebranded next year. The bank sold A$150 million in shares late in 2011 to help fund that takeover.In the short term, Bendigo aims to sell hybrid securities that, in part, will help refinance preference shares repayable later this year. Hirst said the bank had "significant room to be able to do a hybrid issue.""Clearly there's a lot of demand in the market for those instruments and, equally, there seems to be a significant amount of supply lining up to meet that demand. But, nevertheless, we have an issue that's rolling imminently, and so we'll look to see what we can do to meet that demand."Yesterday, Bendigo disclosed that it sold A$170 million in equity tranches held by the bank in some Torrens mortgage-backed trusts. These were sold at a spread of around 400 basis points over swap.The sale of these securities released around A$80 million in capital, which complements capital released by the sale of the bank's 7.8 per cent stake in wealth manager IOOF.On term funding, the bank will take an "opportunistic" approach to securitisation in future, the bank's chief financial officer, Richard Fennell, said. He said that this form of funding was now "expensive".