Summary-
As of April 1, 2025, in ASX-listed hybrids, Latitude Capital Notes (LFSPA) shines with an impressive Running Yield of 9.47%, reflecting strong demand as it surged +7.96% to close at $95.75. Similarly, ANZ Bank Capital Notes 5 (AN3PH) offers a solid 8.11% yield, closing at $100.68 with a notable +3.86% increase. Judo Capital Notes (JDOPA) stands out with the highest yield at 9.80%, signaling strong market interest. These hybrids demonstrate resilience and strong returns for investors seeking stable income. Among the changes downward, Macquarie Bank (MBLPD) – Day Change: -0.16%, closing at $103.07, reflected the largest decline in the list. Another one is Bank of Queensland (BOQPF) – Day Change: -0.18%, closing at $104.30, experienced a notable decline.
The 2 non-standard ASX-listed hybrids show overall positive stand though with minor declines.
- Nufarm (NFNG) demonstrates exceptional resilience with a Running Yield of 9.01%, maintaining stability despite a slight day change of -0.11%, closing at 94.8.
- Ramsay Health Care (RHCPA) continues to showcase impressive strength with a Running Yield of 8.53%, even as it adjusts to a day change of -0.16%, closing at 106.56.
ASX-Listed Hybrids
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | DAY CHANGE | DAY CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| CBA | CBAPG | PERLS 10 | 15-Apr-25 | 3.40% | 9.71% | 2.40% | 100.05 | 7.55% |
| Westpac | WBCPH | Capital Notes 5 | 22-Sep-25 | 3.20% | 6.82% | 0.27% | 100.52 | 7.45% |
| AMP Group | AMPPB | Capital Notes 2 | 16-Dec-25 | 4.50% | 2.29% | 0.11% | 101.95 | 8.49% |
| Macquarie Bank | MBLPC | Capital Notes 2 | 22-Dec-25 | 4.70% | 2.19% | -0.08% | 102.10 | 8.67% |
| Challenger | CGFPC | Capital Notes 3 | 25-May-26 | 4.60% | 2.40% | 0.14% | 103.40 | 8.51% |
| Nat Aust Bank | NABPF | Capital Notes 3 | 17-Jun-26 | 4.00% | 1.87% | -0.08% | 102.90 | 7.93% |
| Suncorp | SUNPH | Capital Notes 3 | 17-Jun-26 | 3.00% | 2.22% | 0.11% | 101.30 | 7.06% |
| Macquarie Group | MQGPD | Capital Notes 4 | 10-Sep-26 | 4.15% | 1.95% | 0.18% | 103.55 | 8.03% |
| CBA | CBAPJ | PERLS 13 | 20-Oct-26 | 2.75% | 1.87% | 0.17% | 101.68 | 6.79% |
| Latitude | LFSPA | Capital Notes | 27-Oct-26 | 4.75% | 7.98% | 0.23% | 97.55 | 9.25% |
| Westpac | WBCPJ | Capital Notes 7 | 22-Mar-27 | 3.40% | 2.93% | 0.01% | 103.20 | 7.45% |
| CBA | CBAPI | PERLS 12 | 20-Apr-27 | 3.00% | 1.91% | 0.07% | 102.48 | 6.98% |
| Bank of Queensland | BOQPF | Capital Notes 2 | 14-May-27 | 3.80% | 2.19% | -0.18% | 104.30 | 7.68% |
| Bendigo Bank | BENPH | Capital Notes | 15-Jun-27 | 3.80% | 2.29% | 0.14% | 103.50 | 7.69% |
| Macquarie Group | MQGPE | Capital Notes 5 | 20-Sep-27 | 2.90% | 1.99% | 0.12% | 102.42 | 6.88% |
| Nat Aust Bank | NABPH | Capital Notes 5 | 17-Dec-27 | 3.50% | 2.05% | 0.17% | 103.96 | 7.36% |
| ANZ Bank | AN3PI | Capital Notes 6 | 20-Mar-28 | 3.00% | 1.91% | 0.05% | 103.19 | 6.92% |
| CBA | CBAPL | PERLS 15 | 15-Jun-28 | 2.85% | 1.91% | 0.00% | 103.10 | 6.79% |
| Suncorp | SUNPI | Capital Notes 4 | 17-Jun-28 | 2.90% | 2.15% | 0.13% | 102.59 | 6.87% |
| Westpac | WBCPL | Capital Notes 9 | 22-Sep-28 | 3.40% | 2.70% | 0.20% | 104.49 | 7.36% |
| Macquarie Bank | MBLPD | Capital Notes 3 | 07-Dec-28 | 2.90% | 2.12% | -0.16% | 103.07 | 6.85% |
| Bank of Queensland | BOQPG | Capital Notes 3 | 15-Dec-28 | 3.40% | 2.44% | 0.17% | 103.55 | 7.29% |
| Judo Capital | JDOPA | Capital Notes | 16-Feb-29 | 6.50% | 2.83% | -0.10% | 112.95 | 9.52% |
| ANZ Bank | AN3PJ | Capital Notes 7 | 20-Mar-29 | 2.70% | 1.96% | 0.02% | 102.88 | 6.65% |
| Challenger | CGFPD | Capital Notes 4 | 25-May-29 | 3.60% | 2.13% | -0.04% | 105.99 | 7.35% |
| CBA | CBAPK | PERLS 14 | 15-Jun-29 | 2.75% | 1.91% | 0.06% | 103.44 | 6.67% |
| IAG | IAGPE | Capital Notes 2 | 15-Jun-29 | 3.50% | 2.71% | 0.18% | 104.94 | 7.41% |
| Macquarie Group | MQGPF | Capital Notes 6 | 12-Sep-29 | 3.70% | 1.96% | -0.02% | 106.85 | 7.35% |
| Nat Aust Bank | NABPI | Capital Notes 6 | 17-Sep-29 | 3.15% | 1.91% | 0.02% | 105.02 | 6.95% |
| Westpac | WBCPK | Capital Notes 8 | 21-Sep-29 | 2.90% | 2.41% | -0.05% | 104.13 | 6.89% |
| ANZ Bank | AN3PK | Capital Notes 8 | 20-Mar-30 | 2.75% | 2.06% | 0.02% | 103.18 | 6.68% |
| CBA | CBAPM | PERLS 16 | 17-Jun-30 | 3.00% | 1.95% | 0.11% | 104.85 | 6.82% |
| Suncorp | SUNPJ | Capital Notes 5 | 17-Jun-30 | 2.80% | 2.34% | 0.15% | 102.50 | 6.78% |
| Nat Aust Bank | NABPJ | Capital Notes 7 | 17-Sep-30 | 2.80% | 2.14% | 0.19% | 103.40 | 6.72% |
| Bendigo Bank | BENPi | Capital Notes 2 | 13-Dec-30 | 3.20% | 2.45% | 0.01% | 104.00 | 7.07% |
| Insurance Australia | IAGPF | Capital Notes 3 | 15-Dec-30 | 3.20% | 2.51% | -0.06% | 105.13 | 7.09% |
| ANZ Bank | AN3PL | Capital Notes 9 | 20-Mar-31 | 2.90% | 2.06% | 0.10% | 104.30 | 6.75% |
| Westpac | WBCPM | Capital Notes 10 | 22-Sep-31 | 3.10% | 2.33% | 0.04% | 106.10 | 6.95% |
| Macquarie Group | MQGPG | Capital Notes 7 | 15-Dec-31 | 2.65% | 2.13% | 0.05% | 103.20 | 6.59% |
| Nat Aust Bank | NABPK | Capital Notes 8 | 17-Mar-32 | 2.60% | 1.98% | 0.14% | 103.78 | 6.50% |
ASX-Listed Hybrids (Non-standard)
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | DAY CHANGE | DAY CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Nufarm | NFNG | Step Up | Perpetual | 3.90% | 4.88% | -0.11% | 94.8 | 9.01% |
| Ramsay Health Care | RHCPA | Preference Share | Perpetual | 4.85% | 4.40% | -0.16% | 106.56 | 8.53% |