Trading margins of ASX-listed notes and bonds generally fell by small amounts with the exception of Crown Notes II (ASX code: CWNHB, +15bps), Qube Notes (ASX code: QUBHA, +11bps) and some short-dated securities.
Trading in AxessToday Notes (ASX code: AXLHA) has been suspended following a request by the company. The notes were issued in July.
Suncorp announced it will redeem all its ASX-listed subordinated notes (ASX code: SUNPD) on the optional redemption date of 22 November 2018.
The current 3 month BBSW rate is around 1.95%. Add the trading margin from the above chart or from the tables to 1.95% for a gross return per annum in the absence of BBSW rate changes. The gross return may contain imputation credits. BBSW typically is around 15bps (average since 1990) more than the RBA rate.
ASX LISTED FLOATING RATE NOTES
| COMPANY | CODE | BOND TYPE | MATURITY | ISSUE MARGIN | TRADING MARGIN | Δ WEEK | WEEK CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| AGL | AGLHA | Sub Note | 8-Jun-19 | 3.80% | 1.75% | -0.17% | 101.75 | 5.67% |
| AMP | AMPHA | Sub Note II | 18-Dec-18 | 2.65% | 1.13% | -0.90% | 100.48 | 4.58% |
| AxessToday | AXLHA | Bond | 20/07/2023 | 4.90% | n/a | n/a | n/a | n/a |
| Australian Unity | AYUHB | Unsub. Bond | 15-Dec-20 | 2.80% | 1.19% | -0.13% | 104.40 | 4.59% |
| Crown | CWNHB | Sub Note | 23-Jul-21 | 4.00% | 2.52% | 0.15% | 104.10 | 5.73% |
| Bentham IMF | IMFHA | Bond | 30-Jun-19 | 4.20% | 1.88% | -0.67% | 101.60 | 6.04% |
| Nat Aust Bank | NABPE | Sub Note T2 | 20-Jun-23 | 2.20% | 1.32% | -0.05% | 103.97 | 3.99% |
| Peet | PPCHB | Bond | 5-Oct-22 | 3.65% | 3.19% | -0.77% | 105.00 | 6.28% |
| Qube Holdings | QUBHA | Sub Note | 5-Oct-23 | 3.90% | 2.32% | 0.11% | 106.60 | 5.48% |
| Suncorp-Metway | SUNPD | Sub NoteI III | 21-Nov-18 | 2.85% | 2.15% | 2.25% | 100.60 | 4.79% |
| Tatts | TTSHA | Snr. Bond | 5-Jul-19 | 3.10% | -0.51% | -0.96% | 102.70 | 4.91% |
| Villa World | VLWHA | Snr. Bond | 21-Apr-22 | 4.75% | 3.42% | -0.13% | 105.50 | 6.42% |