Westpac and Commonwealth were active in the covered-bond market last week with WBC issuing US$800m of 3y bonds at Libor + 30 bps while CBA issued $US1bn of 5 y bonds at 45bps over mid-swap for an Australian equivalent of mid-swaps + 72bps. These yields are up on similar issues last year where “big four” banks issued covered bonds offshore at rates close to Libor.
| Domestic Income Funds | Yield* | Assets |
|---|---|---|
| Coolabah Floating-Rate High Yield (Mngd)-Ast Inv | 9.19% | Alternative Fixed Income |
| Coolabah Short Term Income (Managed) | 5.42% | Alternative Fixed Income |
| Coolabah Short Term Income-Assisted | 5.82% | Alternative Fixed Income |
| Coolabah Short Term Income-Direct | 5.42% | Alternative Fixed Income |
| Finexia Childcare | 10.00% | Childcare Credit |
| Finexia StayCo | 10.00% | Accommodation |
| Barings | 9.00% | Real Estate |
| Qualitas Real Estate (QRI) | 9.00% | Real Estate |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24