Today’s data highlights notable movements in ASX-listed hybrid securities, with several standout performances. ANZ Bank’s Capital Notes 5 (AN3PH) jumped by 3.86%, closing at 100.68 and offering an impressive 8.11% yield, indicating strong investor interest. AMP Group’s Capital Notes 2 (AMPPB) also saw a solid increase of 0.93%, ending at 102.7, with an attractive 8.67% yield.
On the other hand, Macquarie Bank’s Capital Notes 2 (MBLPC) experienced a slight decline of 0.14%, closing at 103.27 while still providing a competitive 8.80% yield. In the non-standard category, Nufarm’s Step Up Perpetual (NFNG) dropped by 0.39%, finishing at 93.2, but continued to deliver a robust 9.04% yield, reflecting the resilience of perpetual bonds despite price volatility.
ASX-Listed Hybrids
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | WEEK CHANGE | WEEK CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| ANZ Bank | AN3PH | Capital Notes 5 | 20-Mar-25 | 3.80% | 4.35% | 3.86% | 100.68 | 8.11% |
| CBA | CBAPG | PERLS 10 | 15-Apr-25 | 3.40% | 5.27% | 3.48% | 100.64 | 7.74% |
| Westpac | WBCPH | Capital Notes 5 | 22-Sep-25 | 3.20% | 2.10% | 0.20% | 101.60 | 7.45% |
| AMP Group | AMPPB | Capital Notes 2 | 16-Dec-25 | 4.50% | 2.68% | 0.93% | 102.70 | 8.67% |
| Macquarie Bank | MBLPC | Capital Notes 2 | 22-Dec-25 | 4.70% | 2.03% | -0.14% | 103.27 | 8.80% |
| Challenger | CGFPC | Capital Notes 3 | 25-May-26 | 4.60% | 2.38% | 0.33% | 104.56 | 8.66% |
| Nat Aust Bank | NABPF | Capital Notes 3 | 17-Jun-26 | 4.00% | 1.57% | -0.17% | 104.33 | 8.05% |
| Suncorp | SUNPH | Capital Notes 3 | 17-Jun-26 | 3.00% | 1.26% | -0.76% | 103.30 | 7.14% |
| Macquarie Group | MQGPD | Capital Notes 4 | 10-Sep-26 | 4.15% | 2.09% | 0.33% | 104.31 | 8.19% |
| CBA | CBAPJ | PERLS 13 | 20-Oct-26 | 2.75% | 2.03% | 0.07% | 102.20 | 6.97% |
| Latitude | LFSPA | Capital Notes | 27-Oct-26 | 4.75% | 7.78% | -0.10% | 96.00 | 9.44% |
| Westpac | WBCPJ | Capital Notes 7 | 22-Mar-27 | 3.40% | 1.97% | 0.11% | 103.80 | 7.49% |
| CBA | CBAPI | PERLS 12 | 20-Apr-27 | 3.00% | 1.93% | -0.17% | 103.26 | 7.14% |
| Bank of Queensland | BOQPF | Capital Notes 2 | 14-May-27 | 3.80% | 1.98% | 0.15% | 103.52 | 7.81% |
| Bendigo Bank | BENPH | Capital Notes | 15-Jun-27 | 3.80% | 2.33% | -0.01% | 104.34 | 7.85% |
| Macquarie Group | MQGPE | Capital Notes 5 | 20-Sep-27 | 2.90% | 2.46% | 0.53% | 103.10 | 7.12% |
| Nat Aust Bank | NABPH | Capital Notes 5 | 17-Dec-27 | 3.50% | 2.04% | 0.00% | 104.86 | 7.52% |
| ANZ Bank | AN3PI | Capital Notes 6 | 20-Mar-28 | 3.00% | 1.96% | 0.00% | 103.70 | 7.09% |
| CBA | CBAPL | PERLS 15 | 15-Jun-28 | 2.85% | 2.05% | -0.03% | 103.46 | 6.98% |
| Suncorp | SUNPI | Capital Notes 4 | 17-Jun-28 | 2.90% | 2.18% | -0.04% | 103.25 | 7.05% |
| Westpac | WBCPL | Capital Notes 9 | 22-Sep-28 | 3.40% | 2.16% | 0.23% | 104.89 | 7.41% |
| Macquarie Bank | MBLPD | Capital Notes 3 | 7-Dec-28 | 2.90% | 1.60% | -0.42% | 103.81 | 6.90% |
| Bank of Queensland | BOQPG | Capital Notes 3 | 15-Dec-28 | 3.40% | 2.39% | 0.10% | 104.50 | 7.45% |
| Judo Capital | JDOPA | Capital Notes | 16-Feb-29 | 6.50% | 2.56% | -0.52% | 115.07 | 9.58% |
| ANZ Bank | AN3PJ | Capital Notes 7 | 20-Mar-29 | 2.70% | 2.10% | 0.13% | 102.96 | 6.85% |
| Challenger | CGFPD | Capital Notes 4 | 25-May-29 | 3.60% | 2.23% | -0.01% | 106.49 | 7.53% |
| CBA | CBAPK | PERLS 14 | 15-Jun-29 | 2.75% | 2.05% | -0.14% | 103.70 | 6.87% |
| IAG | IAGPE | Capital Notes 2 | 15-Jun-29 | 3.50% | 2.14% | -0.15% | 105.90 | 7.43% |
| Macquarie Group | MQGPF | Capital Notes 6 | 12-Sep-29 | 3.70% | 1.99% | -0.09% | 107.50 | 7.52% |
| Nat Aust Bank | NABPI | Capital Notes 6 | 17-Sep-29 | 3.15% | 1.99% | -0.23% | 105.50 | 7.13% |
| Westpac | WBCPK | Capital Notes 8 | 21-Sep-29 | 2.90% | 2.11% | -0.04% | 104.05 | 6.98% |
| ANZ Bank | AN3PK | Capital Notes 8 | 20-Mar-30 | 2.75% | 2.13% | -0.05% | 103.49 | 6.86% |
| CBA | CBAPM | PERLS 16 | 17-Jun-30 | 3.00% | 2.05% | -0.10% | 105.20 | 7.01% |
| Suncorp | SUNPJ | Capital Notes 5 | 17-Jun-30 | 2.80% | 2.29% | -0.01% | 103.40 | 6.94% |
| Nat Aust Bank | NABPJ | Capital Notes 7 | 17-Sep-30 | 2.80% | 2.15% | -0.16% | 104.04 | 6.89% |
| Bendigo Bank | BENPi | Capital Notes 2 | 13-Dec-30 | 3.20% | 2.20% | -0.21% | 105.76 | 7.17% |
| Insurance Australia | IAGPF | Capital Notes 3 | 15-Dec-30 | 3.20% | 2.31% | -0.20% | 105.06 | 7.20% |
| ANZ Bank | AN3PL | Capital Notes 9 | 20-Mar-31 | 2.90% | 2.11% | 0.13% | 104.62 | 6.93% |
| Westpac | WBCPM | Capital Notes 10 | 22-Sep-31 | 3.10% | 2.19% | 0.08% | 105.60 | 7.07% |
| Macquarie Group | MQGPG | Capital Notes 7 | 15-Dec-31 | 2.65% | 2.23% | -0.30% | 103.30 | 6.79% |
| Nat Aust Bank | NABPK | Capital Notes 8 | 17-Mar-32 | 2.60% | 2.13% | -0.05% | 103.70 | 6.72% |
ASX-Listed Hybrids (Non-standard)
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | WEEK CHANGE | WEEK CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Nufarm | NFNG | Step Up | Perpetual | 3.90% | 4.73% | -0.39% | 93.2 | 9.04% |
| Ramsay Health Care | RHCPA | Preference Share | Perpetual | 4.85% | 4.44% | -0.26% | 107.2 | 8.75% |
** “Clean” running yield. Includes franking credits if present.