Origin Energy Notes returned to trading after the completion of institutional component of the $2.5bn rights issue. As the previous YieldReport article noted, recent hybrid purchasers that risked buying the hybrids at a shade over $94 picked up an almost-instant $5 capital gain as the notes restarted trading at $99.011. Longer term holders may well have also felt some relief as the price climbed back closer to the levels averaged over the last few years.
The next interest payment will be made in December this year and then there will be another four payments between now and when the notes are expected to be redeemed at $100 per security on the December 2016 call date. 