06 Mar – 10 Mar 2017

Share

Trading margins in the ASX-listed notes segment fell back on average this week and the median went from 1.82% to 1.66%. A major mover for a second week in a row were Caltex Notes (ASX code: CTXHA, +63bps) and AMP Notes (ASX code: AMPHA, -54bps). Crown Notes Series 1 (ASX code: CWNHA, +4bps) was not particularly helped by news of its buy-back, perhaps because of the uncertainty as to its implementation.

 notes

ASX LISTED FLOATING RATE NOTES

COMPANY
$100
Face Val
CODEBOND
TYPE
MATURITYISSUE
MARGIN
TRADING
MARGIN
Δ WEEKWEEK
CLOSE
YTM
Est**
AGLAGLHASub Note8-Jun-193.80%1.30%0.31%105.363.09%
AMPAMPHASub Note II18-Dec-182.65%1.27%-0.54%102.203.06%
ANZ Banking GroupANZHASub Note II14-Jun-172.75%0.99%0.32%100.302.78%
APT PipelinesAQHHASub Note31-Mar-184.50%1.67%-0.32%104.003.46%
Australian UnityAYUHBBond15-Dec-202.80%1.68%0.17%104.603.47%
ColonialCNGHASub Note31-Mar-173.25%-1.85%0.00%100.84-0.06%
CaltexCTXHASub Note15-Sep-174.50%2.68%0.63%100.804.47%
CrownCWNHASub Note14-Sep-185.00%3.86%0.04%101.555.65%
CrownCWNHBSub Note23-Jul-214.00%5.58%0.26%94.307.37%
Goodman GroupGMPPASub Note30-Sep-183.90%3.44%0.07%101.755.23%
Bentham IMFIMFHABond30-Jun-194.20%3.91%0.23%101.605.70%
Nat Aust BankNABHBSub Note II18-Jun-172.75%0.99%-0.06%100.302.78%
QUBE Holdings LimitedQUBHASub Note5-Oct-233.90%3.11%0.01%105.254.90%
Suncorp MetwaySUNPDSub Note III21-Nov-182.85%1.65%0.15%102.123.44%
TabcorpTAHHBSub Bond22-Mar-174.00%2.86%0.00%101.134.65%
TattsTTSHASnr. Bond5-Jul-193.10%1.65%-0.18%104.003.44%
WestpacWBCHASub Note II23-Aug-172.75%1.43%0.53%100.723.22%
WestpacWBCHBSub Note III22-Aug-182.30%1.14%-0.07%101.752.93%

ASX LISTED FIXED RATE BONDS

COMPANYCODETYPEMATURITYCOUPONWEEK
HIGH
WEEK
LOW
WEEK
CLOSE
YTMNEXT DIV
AND EX
DATE
Heritage BSHBSHBSnr Bond20/06/20177.25%103.00100.56100.574.68%0.50%
** YTM for floating rate securities is an estimate using current interest rates. This will vary if rates change.
Source: Evans & Partners. Dealing Contact Michael Saba +61 3 9631 9813