Daily

Summary-

Westpac’s WBCPH was the top mover today, up 1.05% to 101.23. It offered a high 10.33% trading margin and a 7.04% yield. Latitude’s LFSPA gained 0.37%, closing at 96.64 with a standout 9.02% yield.

Judo Capital’s JDOPA held the highest yield on the board at 9.44%, trading at 111.15. Macquarie’s MBLPC followed with an 8.31% yield and a strong 4.70% margin.

On the downside, AMP’s AMPPB and Macquarie’s MQGPD both fell 0.26%, the biggest drops today. Still, they paid solid yields of 8.11% and 7.60%. A day of solid income and selective strength across hybrids.

ASX-Listed Hybrids

COMPANY	CODE	HYBRID TYPE	MATURITY/ CALL DATE	MARGIN INCL. CREDITS	TRADING MARGIN	DAY CHANGE	DAY CLOSE	RUNNING YIELD**
Westpac	WBCPH	Capital Notes 5	22/09/2025	3.20%	10.33%	1.05%	101.23	7.04%
AMP Group	AMPPB	Capital Notes 2	16/12/2025	4.50%	2.64%	-0.26%	102.7	8.11%
Macquarie Bank	MBLPC	Capital Notes 2	22/12/2025	4.70%	2.91%	0.41%	102.5	8.31%
Challenger	CGFPC	Capital Notes 3	25/05/2026	4.60%	4.70%	0.28%	102.36	8.29%
Nat Aust Bank	NABPF	Capital Notes 3	17/06/2026	4.00%	2.46%	0.45%	103.3	7.57%
Suncorp	SUNPH	Capital Notes 3	17/06/2026	3.00%	2.50%	0.05%	102.05	6.65%
Macquarie Group	MQGPD	Capital Notes 4	10/09/2026	4.15%	1.61%	-0.26%	104.8	7.60%
CBA	CBAPJ	PERLS 13	20/10/2026	2.75%	2.29%	0.37%	102.12	6.40%
Latitude	LFSPA	Capital Notes	27/10/2026	4.75%	10.31%	0.37%	96.64	9.02%
Westpac	WBCPJ	Capital Notes 7	22/03/2027	3.40%	3.82%	0.66%	102.95	7.13%
CBA	CBAPI	PERLS 12	20/04/2027	3.00%	2.43%	0.37%	102.6	6.62%
Bank of Queensland	BOQPF	Capital Notes 2	14/05/2027	3.80%	4.05%	0.85%	102.24	7.51%
Bendigo Bank	BENPH	Capital Notes	15/06/2027	3.80%	2.51%	0.32%	104.2	7.31%
Macquarie Group	MQGPE	Capital Notes 5	20/09/2027	2.90%	2.33%	0.12%	102.6	6.51%
Nat Aust Bank	NABPH	Capital Notes 5	17/12/2027	3.50%	2.51%	0.28%	103.99	7.02%
ANZ Bank	AN3PI	Capital Notes 6	20/03/2028	3.00%	1.87%	-0.13%	104.04	6.50%
CBA	CBAPL	PERLS 15	15/06/2028	2.85%	2.34%	0.05%	102.98	6.44%
Suncorp	SUNPI	Capital Notes 4	17/06/2028	2.90%	2.35%	0.18%	103.1	6.49%
Westpac	WBCPL	Capital Notes 9	22/09/2028	3.40%	3.10%	0.14%	104.58	7.01%
Macquarie Bank	MBLPD	Capital Notes 3	7/12/2028	2.90%	2.67%	0.27%	102.35	6.53%
Bank of Queensland	BOQPG	Capital Notes 3	15/12/2028	3.40%	3.08%	0.48%	102.79	7.01%
Judo Capital	JDOPA	Capital Notes	16/02/2029	6.50%	3.92%	0.04%	111.15	9.44%
ANZ Bank	AN3PJ	Capital Notes 7	20/03/2029	2.70%	2.32%	0.13%	102.51	6.30%
Challenger	CGFPD	Capital Notes 4	25/05/2029	3.60%	3.34%	0.45%	103.26	7.21%
CBA	CBAPK	PERLS 14	15/06/2029	2.75%	2.29%	0.06%	103.2	6.33%
IAG	IAGPE	Capital Notes 2	15/06/2029	3.50%	3.05%	0.19%	104.8	7.07%
Macquarie Group	MQGPF	Capital Notes 6	12/09/2029	3.70%	3.00%	0.59%	104.21	7.20%
Nat Aust Bank	NABPI	Capital Notes 6	17/09/2029	3.15%	2.31%	0.05%	104.7	6.63%
Westpac	WBCPK	Capital Notes 8	21/09/2029	2.90%	2.95%	0.10%	103.44	6.58%
ANZ Bank	AN3PK	Capital Notes 8	20/03/2030	2.75%	2.32%	0.03%	103	6.32%
CBA	CBAPM	PERLS 16	17/06/2030	3.00%	2.33%	0.18%	104.45	6.50%
Suncorp	SUNPJ	Capital Notes 5	17/06/2030	2.80%	2.48%	0.02%	103	6.39%
Nat Aust Bank	NABPJ	Capital Notes 7	17/09/2030	2.80%	2.34%	-0.05%	103.66	6.35%
Bendigo Bank	BENPi	Capital Notes 2	13/12/2030	3.20%	2.67%	0.09%	104.2	6.72%
Insurance Australia	IAGPF	Capital Notes 3	15/12/2030	3.20%	3.02%	0.11%	103.95	6.81%
ANZ Bank	AN3PL	Capital Notes 9	20/03/2031	2.90%	2.26%	0.07%	104.24	6.39%
Westpac	WBCPM	Capital Notes 10	22/09/2031	3.10%	2.67%	0.04%	105.7	6.64%
Macquarie Group	MQGPG	Capital Notes 7	15/12/2031	2.65%	2.65%	0.35%	101.65	6.32%
Nat Aust Bank	NABPK	Capital Notes 8	17/03/2032	2.60%	2.24%	0.05%	103.57	6.16%

COMPANY	CODE	BOND TYPE	CALL DATE	ISSUE MARGIN (inc frank)	TRADING MARGIN	?DAY	CLOSING PRICE	RUNNING YIELD
Nufarm	NFNG	Step Up	Perpetual	3.90%	5.08%	0.38%	88	8.77%
Ramsay Health Care	RHCPA	Preference Share	Perpetual	4.85%	4.46%	0.01%	106.2	8.15%