Summary –
This week’s trading data for select ASX-listed floating rate notes reveals a notable divergence in margin dynamics and investor sentiment across issuers:
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Centuria Capital (C2FHA) continues to offer the highest trading margin at 6.07%, well above its issue margin of 4.25%, suggesting strong secondary market demand for yield. The note’s running yield of 7.90% and a 3.38% weekly gain reinforce its appeal among income-focused investors, particularly given its relatively short maturity of April 2026.
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Australian Unity Series D (AYUHD) shows a moderate uplift, with a trading margin of 3.64% versus a 2.15% issue margin, and a weekly gain of 1.13%. Its running yield of 5.82% positions it as a stable mid-range option for investors seeking balance between yield and duration.
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Australian Unity Series E (AYUHE), maturing in December 2028, trades at a 3.14% margin, up from its 2.50% issue margin, with a weekly gain of 0.87%. The 6.17% running yield reflects a favorable risk-return profile for longer-term holders.
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-Apr-26 | 4.25% | 6.07% | 3.38% | 102.4 | 7.90% |
| Australian Unity | AYUHD | Bond Series D | 15-Dec-26 | 2.15% | 3.64% | 1.13% | 101 | 5.82% |
| Australian Unity | AYUHE | Bond Series E | 15-Dec-28 | 2.50% | 3.14% | 0.87% | 101.3 | 6.17% |
For a full breakdown of trading activity, margin changes, and performance insights, visit the