Summary- The market closed on 7th March 2025 for ASX-Listed Hybrids with many positive yields.
- The highest yield in the data is from Judo Capital (JDOPA), with a strong running yield of 9.21%, reflecting its higher margin and robust performance despite a slight day change.
- Other high-yielding securities include Latitude (LFSPA) at 8.96% and Macquarie Bank (MBLPC) at 8.69%, both showing stable trading margins and positive day changes.
- AMP Group (AMPPB) offers a solid yield of 8.44%, benefiting from a relatively higher margin of 4.50%, while maintaining a stable day-to-day change, highlighting its strong position in the market.
- Challenger (CGFPC) also stands out with a yield of 8.52%, supported by a margin of 4.60%, indicating its solid creditworthiness and consistent performance amidst market fluctuations.
For the ASX-Listed Hybrids (non-standard), Nufarm’s perpetual Step-Up bond (NFNG) offers a 3.90% margin with a 4.70% trading margin, yielding 8.82%, while Ramsay Health Care’s perpetual Preference Share (RHCPA) shows a stable 4.85% margin, trading at 4.63%, and providing an 8.75% yield.
Both securities are performing positively with slight fluctuations in their day-to-day change.
ASX-Listed Hybrids
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | DAY CHANGE | DAY CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| ANZ Bank | AN3PH | Capital Notes 5 | 20-Mar-25 | 3.80% | -29.52% | -37.51% | 101.23 | 7.81% |
| CBA | CBAPG | PERLS 10 | 15-Apr-25 | 3.40% | 4.36% | -4.42% | 99.701 | 7.53% |
| Westpac | WBCPH | Capital Notes 5 | 22-Sep-25 | 3.20% | 2.33% | -0.29% | 102.11 | 7.28% |
| AMP Group | AMPPB | Capital Notes 2 | 16-Dec-25 | 4.50% | 1.77% | -0.61% | 101.95 | 8.44% |
| Macquarie Bank | MBLPC | Capital Notes 2 | 22-Dec-25 | 4.70% | 2.97% | 0.70% | 101.14 | 8.69% |
| Challenger | CGFPC | Capital Notes 3 | 25-May-26 | 4.60% | 2.73% | 0.14% | 102.55 | 8.52% |
| Nat Aust Bank | NABPF | Capital Notes 3 | 17-Jun-26 | 4.00% | 1.90% | 0.17% | 102.45 | 7.91% |
| Suncorp | SUNPH | Capital Notes 3 | 17-Jun-26 | 3.00% | 2.10% | -0.06% | 101.01 | 7.03% |
| Macquarie Group | MQGPD | Capital Notes 4 | 10-Sep-26 | 4.15% | 2.12% | 0.13% | 102.96 | 8.03% |
| CBA | CBAPJ | PERLS 13 | 20-Oct-26 | 2.75% | 1.77% | -0.23% | 101.43 | 6.76% |
| Latitude | LFSPA | Capital Notes | 27-Oct-26 | 4.75% | 5.64% | -1.67% | 99.98 | 8.96% |
| Westpac | WBCPJ | Capital Notes 7 | 22-Mar-27 | 3.40% | 1.78% | -0.17% | 104.8 | 7.29% |
| CBA | CBAPI | PERLS 12 | 20-Apr-27 | 3.00% | 1.84% | -0.07% | 102.2 | 6.95% |
| Bank of Queensland | BOQPF | Capital Notes 2 | 14-May-27 | 3.80% | 2.23% | 0.07% | 103.71 | 7.67% |
| Bendigo Bank | BENPH | Capital Notes | 15-Jun-27 | 3.80% | 2.41% | 0.32% | 102.81 | 7.69% |
| Macquarie Group | MQGPE | Capital Notes 5 | 20-Sep-27 | 2.90% | 2.16% | 0.06% | 101.93 | 6.89% |
| Nat Aust Bank | NABPH | Capital Notes 5 | 17-Dec-27 | 3.50% | 1.93% | -0.04% | 103.8 | 7.33% |
| ANZ Bank | AN3PI | Capital Notes 6 | 20-Mar-28 | 3.00% | 1.67% | -0.14% | 103.5 | 6.87% |
| CBA | CBAPL | PERLS 15 | 15-Jun-28 | 2.85% | 1.86% | -0.11% | 102.8 | 6.77% |
| Suncorp | SUNPI | Capital Notes 4 | 17-Jun-28 | 2.90% | 2.38% | 0.26% | 101.52 | 6.90% |
| Westpac | WBCPL | Capital Notes 9 | 22-Sep-28 | 3.40% | 2.06% | 0.13% | 105.87 | 7.21% |
| Macquarie Bank | MBLPD | Capital Notes 3 | 7-Dec-28 | 2.90% | 2.13% | 0.02% | 102.7 | 6.84% |
| Bank of Queensland | BOQPG | Capital Notes 3 | 15-Dec-28 | 3.40% | 2.50% | -0.08% | 102.9 | 7.29% |
| Judo Capital | JDOPA | Capital Notes | 16-Feb-29 | 6.50% | 1.76% | -0.69% | 115.88 | 9.21% |
| ANZ Bank | AN3PJ | Capital Notes 7 | 20-Mar-29 | 2.70% | 1.94% | -0.03% | 102.6 | 6.63% |
| Challenger | CGFPD | Capital Notes 4 | 25-May-29 | 3.60% | 2.60% | 0.04% | 103.95 | 7.44% |
| CBA | CBAPK | PERLS 14 | 15-Jun-29 | 2.75% | 1.83% | -0.06% | 103.28 | 6.64% |
| IAG | IAGPE | Capital Notes 2 | 15-Jun-29 | 3.50% | 3.17% | 0.16% | 103 | 7.51% |
| Macquarie Group | MQGPF | Capital Notes 6 | 12-Sep-29 | 3.70% | 2.24% | 0.14% | 105.43 | 7.41% |
| Nat Aust Bank | NABPI | Capital Notes 6 | 17-Sep-29 | 3.15% | 1.90% | -0.02% | 104.61 | 6.94% |
| Westpac | WBCPK | Capital Notes 8 | 21-Sep-29 | 2.90% | 2.03% | -0.02% | 105 | 6.78% |
| ANZ Bank | AN3PK | Capital Notes 8 | 20-Mar-30 | 2.75% | 2.12% | -0.01% | 102.64 | 6.68% |
| CBA | CBAPM | PERLS 16 | 17-Jun-30 | 3.00% | 1.93% | -0.10% | 104.5 | 6.80% |
| Suncorp | SUNPJ | Capital Notes 5 | 17-Jun-30 | 2.80% | 2.39% | 0.03% | 101.87 | 6.78% |
| Nat Aust Bank | NABPJ | Capital Notes 7 | 17-Sep-30 | 2.80% | 2.13% | -0.04% | 103 | 6.71% |
| Bendigo Bank | BENPi | Capital Notes 2 | 13-Dec-30 | 3.20% | 2.57% | 0.04% | 103.02 | 7.10% |
| Insurance Australia | IAGPF | Capital Notes 3 | 15-Dec-30 | 3.20% | 2.99% | 0.14% | 102.76 | 7.22% |
| ANZ Bank | AN3PL | Capital Notes 9 | 20-Mar-31 | 2.90% | 1.95% | -0.05% | 104.46 | 6.71% |
| Westpac | WBCPM | Capital Notes 10 | 22-Sep-31 | 3.10% | 1.96% | -0.07% | 107.4 | 6.82% |
| Macquarie Group | MQGPG | Capital Notes 7 | 15-Dec-31 | 2.65% | 2.35% | 0.00% | 101.76 | 6.64% |
| Nat Aust Bank | NABPK | Capital Notes 8 | 17-Mar-32 | 2.60% | 2.11% | 0.25% | 102.71 | 6.53% |
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% | 4.70% | -0.12% | 94.39 | 8.82% |
| Ramsay Health Care | RHCPA | Preference Share | Perpetual | 4.85% | 4.63% | 0.08% | 106.15 | 8.75% |