New hybrids issued by three of the major Australian banks have been snapped up by investors at attractive yields. Initial yields for CBAPE’s, NABPD’s and WBCPG’s (Westpac) were the bank bill rate plus 5.10%, 4.95% and 4.90% respectively. Issue volumes were all significantly increased due to demand and all three issues are trading well above their $100 issue price, effectively pushing the yields lower post-issue. As often happens, new hybrid...
| 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 |
| SocietyOne Personal Loans Trust | 6.87% | Private Creadit |
| Aura Core Income Fund | 7.88% | Private Credit |
| Aura Private Credit income Fund | 8.85% | Private Credit |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24