Trading margins of ASX-listed notes and bonds generally increased for a second consecutive week. National Australia Bank’s Subordinated Notes (ASX code: NABPE, +22bps) reversed most of the previous week’s 27bps fall while Villa World Bonds (ASX code: VLWHA, +19bps) also lost ground. Trading margins of other securities moved within 5bps of zero.
Trading margins of ASX-listed notes and bonds generally increased for a second consecutive week. National Australia Bank’s Subordinated Notes (ASX code: NABPE, +22bps) reversed most of the previous week’s 27bps fall while Villa World Bonds (ASX code: VLWHA, +19bps) also lost ground. Trading margins of other securities moved within 5bps of zero.
ASX-LISTED FLOATING RATE NOTES
| COMPANY | CODE | BOND TYPE | MATURITY | ISSUE MARGIN | TRADING MARGIN | Δ WEEK | WEEK CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Australian Unity | AYUHB | Unsub. Bond | 15-Dec-20 | 2.80% | 1.08% | 0.03% | 102.70 | 3.69% |
| Crown | CWNHB | Sub Note | 23-Jul-21 | 4.00% | 3.22% | 0.05% | 102.60 | 4.89% |
| Bentham IMF | IMFHA | Bond | 31-Jan-22 | 4.20% | 3.29% | 0.05% | 102.92 | 5.06% |
| Nat Aust Bank | NABPE | Sub Note T2 | 20-Jun-23 | 2.20% | 1.68% | 0.22% | 102.65 | 3.11% |
| Peet | PPCHB | Bond | 5-Oct-22 | 3.65% | 2.91% | -0.05% | 105.85 | 5.35% |
| Qube Holdings | QUBHA | Sub Note | 5-Oct-23 | 3.90% | 1.94% | -0.03% | 108.00 | 4.54% |
| Villa World | VLWHA | Snr. Bond | 21-Apr-22 | 4.75% | 4.70% | 0.19% | 100.94 | 5.70% |
** Clean running yield.