Daily

Summary-

10th April’s ASX hybrid market spotlighted power plays with Judo Capital’s JDOPA leading the charge at a 9.74 % running yield, setting a benchmark in high-income returns. Latitude’s LFSPA wasn’t far behind, impressing with an 8.41 % trading margin and a compelling 9.31% yield, signaling strong investor appetite. CBA’s CBAPG delivered a surprising standout with a 9.71% trading margin ahead of its 2025 call, making it one of the day’s most efficient short-term earners. Meanwhile, Macquarie’s MBLPC maintained its elite status, offering a robust 8.69% yield, reflecting the strength of quality financial hybrids. 

The market close for ASX-listed hybrids (non-standard) showed a slight dip (-0,07 %) in Ramsay Health Care (RHCPA) Preference Share but maintaining an 8.69% running yield. Nufarm’s perpetual note, despite trading at a steep discount ($90.50), offers a robust 9.46% yield, making it a compelling long-term income opportunity. 

 

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%	6.57%	0.02%	100.63	7.44%
AMP Group	AMPPB	Capital Notes 2	16-Dec-25	4.50%	2.50%	0.33%	101.80	8.50%
Macquarie Bank	MBLPC	Capital Notes 2	22-Dec-25	4.70%	2.51%	0.24%	101.87	8.69%
Challenger	CGFPC	Capital Notes 3	25-May-26	4.60%	3.26%	1.00%	102.47	8.59%
Nat Aust Bank	NABPF	Capital Notes 3	17-Jun-26	4.00%	2.55%	0.60%	102.12	7.99%
Suncorp	SUNPH	Capital Notes 3	17-Jun-26	3.00%	1.62%	-0.49%	101.98	7.01%
Macquarie Group	MQGPD	Capital Notes 4	10-Sep-26	4.15%	2.57%	0.80%	102.71	8.10%
CBA	CBAPJ	PERLS 13	20-Oct-26	2.75%	2.16%	0.46%	101.27	6.81%
Latitude	LFSPA	Capital Notes	27-Oct-26	4.75%	8.41%	0.66%	97.00	9.31%
Westpac	WBCPJ	Capital Notes 7	22-Mar-27	3.40%	3.30%	0.38%	102.56	7.50%
CBA	CBAPI	PERLS 12	20-Apr-27	3.00%	2.31%	0.46%	101.76	7.03%
Bank of Queensland	BOQPF	Capital Notes 2	14-May-27	3.80%	2.62%	0.25%	103.49	7.74%
Bendigo Bank	BENPH	Capital Notes	15-Jun-27	3.80%	2.77%	0.61%	102.57	7.76%
Macquarie Group	MQGPE	Capital Notes 5	20-Sep-27	2.90%	2.47%	0.60%	101.40	6.95%
Nat Aust Bank	NABPH	Capital Notes 5	17-Dec-27	3.50%	2.42%	0.54%	103.10	7.42%
ANZ Bank	AN3PI	Capital Notes 6	20-Mar-28	3.00%	1.97%	0.10%	103.06	6.93%
CBA	CBAPL	PERLS 15	15-Jun-28	2.85%	2.43%	0.52%	101.70	6.88%
Suncorp	SUNPI	Capital Notes 4	17-Jun-28	2.90%	2.18%	0.16%	102.50	6.88%
Westpac	WBCPL	Capital Notes 9	22-Sep-28	3.40%	3.20%	0.70%	103.10	7.46%
Macquarie Bank	MBLPD	Capital Notes 3	7-Dec-28	2.90%	2.68%	0.40%	101.40	6.96%
Bank of Queensland	BOQPG	Capital Notes 3	15-Dec-28	3.40%	2.96%	0.69%	102.00	7.41%
Judo Capital	JDOPA	Capital Notes	16-Feb-29	6.50%	3.60%	0.68%	110.51	9.74%
ANZ Bank	AN3PJ	Capital Notes 7	20-Mar-29	2.70%	2.40%	0.46%	101.47	6.74%
Challenger	CGFPD	Capital Notes 4	25-May-29	3.60%	3.02%	0.85%	103.07	7.56%
CBA	CBAPK	PERLS 14	15-Jun-29	2.75%	2.58%	0.73%	101.20	6.82%
IAG	IAGPE	Capital Notes 2	15-Jun-29	3.50%	3.46%	0.93%	102.50	7.59%
Macquarie Group	MQGPF	Capital Notes 6	12-Sep-29	3.70%	2.65%	0.68%	104.40	7.53%
Nat Aust Bank	NABPI	Capital Notes 6	17-Sep-29	3.15%	2.64%	0.76%	102.45	7.13%
Westpac	WBCPK	Capital Notes 8	21-Sep-29	2.90%	3.03%	0.58%	102.00	7.03%
ANZ Bank	AN3PK	Capital Notes 8	20-Mar-30	2.75%	2.54%	0.49%	101.39	6.80%
CBA	CBAPM	PERLS 16	17-Jun-30	3.00%	2.37%	0.53%	103.20	6.93%
Suncorp	SUNPJ	Capital Notes 5	17-Jun-30	2.80%	2.65%	0.46%	101.30	6.86%
Nat Aust Bank	NABPJ	Capital Notes 7	17-Sep-30	2.80%	2.69%	0.74%	101.20	6.87%
Bendigo Bank	BENPi	Capital Notes 2	13-Dec-30	3.20%	2.66%	0.23%	103.10	7.14%
Insurance Australia	IAGPF	Capital Notes 3	15-Dec-30	3.20%	3.03%	0.46%	102.99	7.24%
ANZ Bank	AN3PL	Capital Notes 9	20-Mar-31	2.90%	2.59%	0.63%	102.01	6.90%
Westpac	WBCPM	Capital Notes 10	22-Sep-31	3.10%	2.75%	0.46%	104.20	7.08%
Macquarie Group	MQGPG	Capital Notes 7	15-Dec-31	2.65%	2.60%	0.53%	100.98	6.73%
Nat Aust Bank	NABPK	Capital Notes 8	17-Mar-32	2.60%	2.58%	0.73%	100.91	6.69%

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%	5.33%	0.33%	90.50	9.46%
Ramsay Health Care	RHCPA	Preference Share	Perpetual	4.85%	4.49%	-0.07%	105.50	8.62%