Summary: Margins generally increase; upcoming redemption QUBHA; 3-month BBSW up 2bps.
Margins of ASX-listed notes and bonds generally increased this week.
Qube Notes (QUBHA) will cease trading on 25 September and be redeemed on 5 October.
3-month BBSW finished the week 2bps higher at 4.15%. Add the trading margin from the above chart or from the tables to this figure for an estimate of the gross return per annum in the absence of BBSW rate changes. The gross return may contain imputation credits. BBSW typically is around 15bps (average since 1990) more than the RBA rate.
ASX-LISTED FLOATING RATE NOTES
| COMPANY | CODE | BOND TYPE | MATURITY | ISSUE MARGIN | TRADING MARGIN | Δ WEEK | WEEK CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Centuria Capital | C2FHA | Note | 20-Oct-24 | 4.25% | 4.78% | -0.43% | 101.15 | 8.42% |
| Australian Unity | AYUHC | Bond Series C | 15-Dec-24 | 2.00% | 2.36% | 0.20% | 100.90 | 6.16% |
| Australian Unity | AYUHD | Bond Series D | 15-Dec-26 | 2.15% | 2.41% | 0.23% | 100.81 | 6.32% |
** Clean running yield.