Summary-
The Yield Report for 26 May 2025 provides an overview of ASX-listed hybrid securities, including their trading margins, running yields, and day-to-day changes. Some key highlights:
- Westpac WBCPH Capital Notes 5: Maturity on 22 Sep 2025, trading margin 10.34%, running yield 7.07%.
- AMP Group AMPPB Capital Notes 2: Maturity on 16 Dec 2025, trading margin 2.76%, running yield 8.14%.
- Macquarie Bank MBLPC Capital Notes 2: Maturity on 22 Dec 2025, trading margin 2.68%, running yield 8.32%.
- Challenger CGFPC Capital Notes 3: Maturity on 25 May 2026, trading margin 4.61%, running yield 8.31%.
ASX-Listed Hybrids
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | DAY CHANGE | DAY CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Westpac | WBCPH | Capital Notes 5 | 22/09/2025 | 3.20% | 10.34% | 1.06% | 101.151 | 7.07% |
| AMP Group | AMPPB | Capital Notes 2 | 16/12/2025 | 4.50% | 2.76% | -0.14% | 102.6 | 8.14% |
| Macquarie Bank | MBLPC | Capital Notes 2 | 22/12/2025 | 4.70% | 2.68% | 0.18% | 102.6 | 8.32% |
| Challenger | CGFPC | Capital Notes 3 | 25/05/2026 | 4.60% | 4.61% | 0.18% | 102.4 | 8.31% |
| Nat Aust Bank | NABPF | Capital Notes 3 | 17/06/2026 | 4.00% | 2.08% | 0.07% | 103.65 | 7.57% |
| Suncorp | SUNPH | Capital Notes 3 | 17/06/2026 | 3.00% | 2.41% | -0.03% | 102.1 | 6.68% |
| Macquarie Group | MQGPD | Capital Notes 4 | 10/09/2026 | 4.15% | 2.15% | 0.28% | 104.1 | 7.68% |
| CBA | CBAPJ | PERLS 13 | 20/10/2026 | 2.75% | 1.89% | -0.02% | 102.6 | 6.39% |
| Latitude | LFSPA | Capital Notes | 27/10/2026 | 4.75% | 9.86% | -0.08% | 97.08 | 9.01% |
| Westpac | WBCPJ | Capital Notes 7 | 22/03/2027 | 3.40% | 3.26% | 0.10% | 103.8 | 7.09% |
| CBA | CBAPI | PERLS 12 | 20/04/2027 | 3.00% | 2.46% | 0.41% | 102.5 | 6.65% |
| Bank of Queensland | BOQPF | Capital Notes 2 | 14/05/2027 | 3.80% | 3.50% | 0.29% | 103.15 | 7.47% |
| Bendigo Bank | BENPH | Capital Notes | 15/06/2027 | 3.80% | 2.54% | 0.35% | 104.1 | 7.34% |
| Macquarie Group | MQGPE | Capital Notes 5 | 20/09/2027 | 2.90% | 2.12% | -0.09% | 103 | 6.51% |
| Nat Aust Bank | NABPH | Capital Notes 5 | 17/12/2027 | 3.50% | 2.24% | 0.02% | 104.55 | 7.01% |
| ANZ Bank | AN3PI | Capital Notes 6 | 20/03/2028 | 3.00% | 1.72% | -0.28% | 104.39 | 6.50% |
| CBA | CBAPL | PERLS 15 | 15/06/2028 | 2.85% | 2.28% | -0.01% | 103.1 | 6.46% |
| Suncorp | SUNPI | Capital Notes 4 | 17/06/2028 | 2.90% | 2.34% | 0.16% | 103.1 | 6.51% |
| Westpac | WBCPL | Capital Notes 9 | 22/09/2028 | 3.40% | 2.93% | -0.03% | 105 | 7.01% |
| Macquarie Bank | MBLPD | Capital Notes 3 | 7/12/2028 | 2.90% | 2.60% | 0.21% | 102.5 | 6.55% |
| Bank of Queensland | BOQPG | Capital Notes 3 | 15/12/2028 | 3.40% | 2.57% | -0.04% | 104.25 | 6.93% |
| Judo Capital | JDOPA | Capital Notes | 16/02/2029 | 6.50% | 3.92% | 0.04% | 111.08 | 9.47% |
| ANZ Bank | AN3PJ | Capital Notes 7 | 20/03/2029 | 2.70% | 2.22% | 0.03% | 102.8 | 6.31% |
| Challenger | CGFPD | Capital Notes 4 | 25/05/2029 | 3.60% | 3.31% | 0.42% | 103.32 | 7.23% |
| CBA | CBAPK | PERLS 14 | 15/06/2029 | 2.75% | 2.23% | -0.01% | 103.38 | 6.34% |
| IAG | IAGPE | Capital Notes 2 | 15/06/2029 | 3.50% | 3.08% | 0.22% | 104.671 | 7.10% |
| Macquarie Group | MQGPF | Capital Notes 6 | 12/09/2029 | 3.70% | 2.81% | 0.39% | 104.83 | 7.18% |
| Nat Aust Bank | NABPI | Capital Notes 6 | 17/09/2029 | 3.15% | 2.24% | -0.02% | 104.9 | 6.64% |
| Westpac | WBCPK | Capital Notes 8 | 21/09/2029 | 2.90% | 2.84% | -0.01% | 103.75 | 6.59% |
| ANZ Bank | AN3PK | Capital Notes 8 | 20/03/2030 | 2.75% | 2.26% | -0.03% | 103.2 | 6.33% |
| CBA | CBAPM | PERLS 16 | 17/06/2030 | 3.00% | 2.20% | 0.06% | 104.9 | 6.50% |
| Suncorp | SUNPJ | Capital Notes 5 | 17/06/2030 | 2.80% | 2.45% | -0.02% | 103.1 | 6.41% |
| Nat Aust Bank | NABPJ | Capital Notes 7 | 17/09/2030 | 2.80% | 2.27% | -0.12% | 103.9 | 6.36% |
| Bendigo Bank | BENPi | Capital Notes 2 | 13/12/2030 | 3.20% | 2.66% | 0.08% | 104.2 | 6.74% |
| Insurance Australia | IAGPF | Capital Notes 3 | 15/12/2030 | 3.20% | 3.03% | 0.12% | 103.88 | 6.84% |
| ANZ Bank | AN3PL | Capital Notes 9 | 20/03/2031 | 2.90% | 2.19% | 0.00% | 104.52 | 6.40% |
| Westpac | WBCPM | Capital Notes 10 | 22/09/2031 | 3.10% | 2.62% | -0.01% | 105.89 | 6.65% |
| Macquarie Group | MQGPG | Capital Notes 7 | 15/12/2031 | 2.65% | 2.48% | 0.17% | 102.45 | 6.29% |
| Nat Aust Bank | NABPK | Capital Notes 8 | 17/03/2032 | 2.60% | 2.08% | -0.10% | 104.28 | 6.14% |
| COMPANY | CODE | BOND TYPE | CALL DATE | ISSUE MARGIN (inc frank) | TRADING MARGIN | ?DAY | CLOSING PRICE | RUNNING YIELD |
|---|---|---|---|---|---|---|---|---|
| Nufarm | NFNG | Step Up | Perpetual | 3.90% | 5.13% | 0.43% | 87.5 | 8.86% |
| Ramsay Health Care | RHCPA | Preference Share | Perpetual | 4.85% | 4.42% | -0.03% | 106.72 | 8.14% |