Hybrids

Summary:

Weekly gains tracked the fall on the fear across all markets. Over the week, Judo Capital (JDOPA) stood out with the highest running yield of 9.73%, followed by Latitude (LFSPA) at 9.52%, and Nufarm (NFNG) at 9.05%. These returns are significantly above others in the list, reflecting either higher risk, deeper discounts, or both. On the daily performance front, Latitude (LFSPA) also recorded the highest daily gain at +0.85%, followed by AMP Group (AMPPB) with +0.32%, and ANZ Bank (AN3PI) at +0.19%. Conversely, the largest drop came from Challenger (CGFPC), falling -1.03%, with CBA (CBAPL) and Bank of Queensland (BOQPG) trailing at -0.58% and -0.57% respectively.  

ASX-LISTED HYBRIDS.csv

COMPANY	CODE	HYBRID TYPE	MATURITY/ CALL DATE	MARGIN INCL. CREDITS	TRADING MARGIN	WEEK CHANGE	WEEK CLOSE	RUNNING YIELD**
Westpac	WBCPH	Capital Notes 5	22-Sep-25	3.20%	7.64%	-0.17%	100.7	7.34%
AMP Group	AMPPB	Capital Notes 2	16-Dec-25	4.50%	3.10%	0.44%	101.7	8.42%
Macquarie Bank	MBLPC	Capital Notes 2	22-Dec-25	4.70%	2.69%	0.21%	102	8.59%
Challenger	CGFPC	Capital Notes 3	25-May-26	4.60%	2.86%	-0.02%	103.24	8.44%
Nat Aust Bank	NABPF	Capital Notes 3	17-Jun-26	4.00%	2.08%	-0.19%	102.96	7.83%
Suncorp	SUNPH	Capital Notes 3	17-Jun-26	3.00%	2.44%	-0.22%	101.36	6.96%
Macquarie Group	MQGPD	Capital Notes 4	10-Sep-26	4.15%	2.33%	-0.23%	103.3	7.96%
CBA	CBAPJ	PERLS 13	20-Oct-26	2.75%	2.07%	-0.09%	101.7	6.68%
Latitude	LFSPA	Capital Notes	27-Oct-26	4.75%	10.12%	1.83%	95.45	9.37%
Westpac	WBCPJ	Capital Notes 7	22-Mar-27	3.40%	3.54%	0.22%	102.51	7.41%
CBA	CBAPI	PERLS 12	20-Apr-27	3.00%	2.01%	-0.08%	102.6	6.87%
Bank of Queensland	BOQPF	Capital Notes 2	14-May-27	3.80%	2.63%	0.29%	103.83	7.63%
Bendigo Bank	BENPH	Capital Notes	15-Jun-27	3.80%	2.54%	0.09%	103.35	7.61%
Macquarie Group	MQGPE	Capital Notes 5	20-Sep-27	2.90%	2.27%	0.00%	102.08	6.80%
Nat Aust Bank	NABPH	Capital Notes 5	17-Dec-27	3.50%	2.27%	0.18%	103.75	7.28%
ANZ Bank	AN3PI	Capital Notes 6	20-Mar-28	3.00%	1.77%	-0.22%	103.78	6.78%
CBA	CBAPL	PERLS 15	15-Jun-28	2.85%	1.92%	-0.84%	103.38	6.67%
Suncorp	SUNPI	Capital Notes 4	17-Jun-28	2.90%	2.30%	-0.16%	102.49	6.78%
Westpac	WBCPL	Capital Notes 9	22-Sep-28	3.40%	2.76%	-0.16%	104.68	7.25%
Macquarie Bank	MBLPD	Capital Notes 3	7-Dec-28	2.90%	2.31%	0.10%	102.78	6.77%
Bank of Queensland	BOQPG	Capital Notes 3	15-Dec-28	3.40%	2.50%	0.08%	103.68	7.19%
Judo Capital	JDOPA	Capital Notes	16-Feb-29	6.50%	3.64%	0.33%	110.86	9.64%
ANZ Bank	AN3PJ	Capital Notes 7	20-Mar-29	2.70%	2.35%	0.27%	101.839	6.61%
Challenger	CGFPD	Capital Notes 4	25-May-29	3.60%	2.68%	0.20%	104.5	7.36%
CBA	CBAPK	PERLS 14	15-Jun-29	2.75%	1.83%	-0.27%	104	6.54%
Insurance Australia	IAGPE	Capital Notes 2	15-Jun-29	3.50%	3.17%	0.34%	103.71	7.40%
Macquarie Group	MQGPF	Capital Notes 6	12-Sep-29	3.70%	2.28%	0.13%	105.98	7.32%
Nat Aust Bank	NABPI	Capital Notes 6	17-Sep-29	3.15%	2.32%	0.12%	103.88	6.93%
Westpac	WBCPK	Capital Notes 8	21-Sep-29	2.90%	2.90%	0.26%	102.79	6.88%
ANZ Bank	AN3PK	Capital Notes 8	20-Mar-30	2.75%	2.39%	0.11%	102.19	6.64%
CBA	CBAPM	PERLS 16	17-Jun-30	3.00%	2.03%	-0.13%	104.85	6.72%
Suncorp	SUNPJ	Capital Notes 5	17-Jun-30	2.80%	2.39%	-0.18%	102.6	6.67%
Nat Aust Bank	NABPJ	Capital Notes 7	17-Sep-30	2.80%	2.23%	-0.01%	103.35	6.63%
Bendigo Bank	BENPI	Capital Notes 2	13-Dec-30	3.20%	2.56%	-0.01%	103.85	6.99%
Insurance Australia	IAGPF	Capital Notes 3	15-Dec-30	3.20%	2.97%	0.20%	103.49	7.11%
ANZ Bank	AN3PL	Capital Notes 9	20-Mar-31	2.90%	2.40%	0.33%	103.06	6.73%
Westpac	WBCPM	Capital Notes 10	22-Sep-31	3.10%	2.80%	0.25%	104.3	6.98%
Macquarie Group	MQGPG	Capital Notes 7	15-Dec-31	2.65%	2.42%	0.23%	102.1	6.55%
Nat Aust Bank	NABPK	Capital Notes 8	17-Mar-32	2.60%	1.98%	-0.45%	104.1	6.38%

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%	4.70%	0.00%	91.25	8.70%
Ramsay Health Care	RHCPA	Preference Share	Perpetual	4.85%	4.30%	-0.13%	106.85	8.31%

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^{** “Clean” running yield. Includes franking credits if present.}