Summary-
- Westpac’s WBCPH grabbed attention with a 19.03% trading margin and a 7.19% running yield, finishing flat at 99.96.
- Judo Capital and Latitude stayed on top with yields of 9.44% and 9.10%. JDOPA was the only faller, down 0.08%, but still holds the crown for highest yield.
- Even with the dip, Judo’s yield continues to outshine the market.
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% | 19.03% | 9.75% | 99.96 | 7.19% |
| AMP Group | AMPPB | Capital Notes 2 | 16/12/2025 | 4.50% | 6.75% | 3.85% | 101.05 | 8.30% |
| Macquarie Bank | MBLPC | Capital Notes 2 | 22/12/2025 | 4.70% | 6.93% | 4.44% | 100.81 | 8.50% |
| Challenger | CGFPC | Capital Notes 3 | 25/05/2026 | 4.60% | 5.60% | 1.17% | 102.06 | 8.38% |
| Nat Aust Bank | NABPF | Capital Notes 3 | 17/06/2026 | 4.00% | 4.29% | 2.28% | 101.93 | 7.73% |
| Suncorp | SUNPH | Capital Notes 3 | 17/06/2026 | 3.00% | 4.37% | 1.92% | 100.66 | 6.80% |
| Macquarie Group | MQGPD | Capital Notes 4 | 10/09/2026 | 4.15% | 3.41% | 1.54% | 102.96 | 7.79% |
| CBA | CBAPJ | PERLS 13 | 20/10/2026 | 2.75% | 3.46% | 1.54% | 101.02 | 6.52% |
| Latitude | LFSPA | Capital Notes | 27/10/2026 | 4.75% | 10.98% | 1.04% | 96.6 | 9.10% |
| Westpac | WBCPJ | Capital Notes 7 | 22/03/2027 | 3.40% | 4.69% | 1.53% | 102.05 | 7.25% |
| CBA | CBAPI | PERLS 12 | 20/04/2027 | 3.00% | 3.06% | 1.01% | 101.9 | 6.71% |
| Bank of Queensland | BOQPF | Capital Notes 2 | 14/05/2027 | 3.80% | 4.18% | 0.97% | 102.5 | 7.55% |
| Bendigo Bank | BENPH | Capital Notes | 15/06/2027 | 3.80% | 3.76% | 1.57% | 102.35 | 7.49% |
| Macquarie Group | MQGPE | Capital Notes 5 | 20/09/2027 | 2.90% | 3.31% | 1.10% | 100.96 | 6.66% |
| Nat Aust Bank | NABPH | Capital Notes 5 | 17/12/2027 | 3.50% | 3.18% | 0.96% | 102.9 | 7.15% |
| ANZ Bank | AN3PI | Capital Notes 6 | 20/03/2028 | 3.00% | 2.87% | 0.86% | 101.92 | 6.68% |
| CBA | CBAPL | PERLS 15 | 15/06/2028 | 2.85% | 3.07% | 0.78% | 101.5 | 6.59% |
| Suncorp | SUNPI | Capital Notes 4 | 17/06/2028 | 2.90% | 3.49% | 1.31% | 100.62 | 6.70% |
| Westpac | WBCPL | Capital Notes 9 | 22/09/2028 | 3.40% | 3.69% | 0.73% | 103.4 | 7.15% |
| Macquarie Bank | MBLPD | Capital Notes 3 | 7/12/2028 | 2.90% | 2.95% | 0.56% | 101.85 | 6.61% |
| Bank of Queensland | BOQPG | Capital Notes 3 | 15/12/2028 | 3.40% | 3.25% | 0.65% | 102.7 | 7.06% |
| Judo Capital | JDOPA | Capital Notes | 16/02/2029 | 6.50% | 3.80% | -0.08% | 112 | 9.44% |
| ANZ Bank | AN3PJ | Capital Notes 7 | 20/03/2029 | 2.70% | 2.81% | 0.62% | 101.29 | 6.42% |
| Challenger | CGFPD | Capital Notes 4 | 25/05/2029 | 3.60% | 3.46% | 0.57% | 103.3 | 7.26% |
| CBA | CBAPK | PERLS 14 | 15/06/2029 | 2.75% | 2.75% | 0.51% | 102.1 | 6.45% |
| IAG | IAGPE | Capital Notes 2 | 15/06/2029 | 3.50% | 3.77% | 0.90% | 102.9 | 7.25% |
| Macquarie Group | MQGPF | Capital Notes 6 | 12/09/2029 | 3.70% | 2.86% | 0.44% | 105.03 | 7.19% |
| Nat Aust Bank | NABPI | Capital Notes 6 | 17/09/2029 | 3.15% | 2.73% | 0.47% | 103.64 | 6.75% |
| Westpac | WBCPK | Capital Notes 8 | 21/09/2029 | 2.90% | 3.07% | 0.21% | 103.45 | 6.63% |
| ANZ Bank | AN3PK | Capital Notes 8 | 20/03/2030 | 2.75% | 2.76% | 0.47% | 101.65 | 6.45% |
| CBA | CBAPM | PERLS 16 | 17/06/2030 | 3.00% | 2.69% | 0.55% | 103.4 | 6.61% |
| Suncorp | SUNPJ | Capital Notes 5 | 17/06/2030 | 2.80% | 3.03% | 0.56% | 101.29 | 6.55% |
| Nat Aust Bank | NABPJ | Capital Notes 7 | 17/09/2030 | 2.80% | 2.68% | 0.30% | 102.65 | 6.46% |
| Bendigo Bank | BENPi | Capital Notes 2 | 13/12/2030 | 3.20% | 3.11% | 0.52% | 102.8 | 6.86% |
| Insurance Australia | IAGPF | Capital Notes 3 | 15/12/2030 | 3.20% | 3.48% | 0.58% | 102.43 | 6.96% |
| ANZ Bank | AN3PL | Capital Notes 9 | 20/03/2031 | 2.90% | 2.69% | 0.51% | 102.65 | 6.53% |
| Westpac | WBCPM | Capital Notes 10 | 22/09/2031 | 3.10% | 3.10% | 0.46% | 104.2 | 6.78% |
| Macquarie Group | MQGPG | Capital Notes 7 | 15/12/2031 | 2.65% | 2.73% | 0.43% | 101.63 | 6.36% |
| Nat Aust Bank | NABPK | Capital Notes 8 | 17/03/2032 | 2.60% | 2.43% | 0.24% | 103 | 6.24% |
ASX-Listed Hybrids (Non-standard)
| COMPANY | CODE | BOND TYPE | CALL DATE | ISSUE MARGIN (inc frank) | TRADING MARGIN | ?DAY | CLOSING PRICE | RUNNING YIELD |
|---|---|---|---|---|---|---|---|---|
| Nufarm | NFNG | Step Up | Perpetual | 3.90% | 5.30% | 0.60% | 87.69 | 9.02% |
| Ramsay Health Care | RHCPA | Preference Share | Perpetual | 4.85% | 4.65% | 0.20% | 105.8 | 8.36% |