Bell Potter’s fixed income desk has nominated Macquarie Group Notes (ASX code: MQGPB) as its buy of the week. It said, “The combination of the 5.15% issue margin and the cash top up required from 40% partial franking produces the highest cash component of any bank or financial hybrid security.”
The yield has fallen (the security’s price has risen) since the recommendation came out but as readers can see from the chart below the trading margin is still among the highest available (at the close of business on 6/06/2016).
