Summary-
On 17th April 2025 for the hybrids, Judo Capital (JDOPA) stands out with the highest running yield of 9.73%, followed by Latitude (LFSPA) at 9.52%, and Nufarm (NFNG) at 9.05%. These returns are significantly above others in the list, reflecting either higher risk, deeper discounts, or both. On the daily performance front, Latitude (LFSPA) also recorded the highest daily gain at +0.85%, followed by AMP Group (AMPPB) with +0.32%, and ANZ Bank (AN3PI) at +0.19%. Conversely, the largest drop came from Challenger (CGFPC), falling -1.03%, with CBA (CBAPL) and Bank of Queensland (BOQPG) trailing at -0.58% and -0.57% respectively.
ASX-Listed Hybrids
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | DAY CHANGE | DAY CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Westpac | WBCPH | Capital Notes 5 | 22-Sep-25 | 3.20% | 7.82% | 0.06% | 100.57 | 7.47% |
| AMP Group | AMPPB | Capital Notes 2 | 16-Dec-25 | 4.50% | 3.19% | 0.32% | 101.61 | 8.55% |
| Macquarie Bank | MBLPC | Capital Notes 2 | 22-Dec-25 | 4.70% | 2.37% | -0.45% | 102.19 | 8.69% |
| Challenger | CGFPC | Capital Notes 3 | 25-May-26 | 4.60% | 2.59% | -1.03% | 103.49 | 8.54% |
| Nat Aust Bank | NABPF | Capital Notes 3 | 17-Jun-26 | 4.00% | 2.20% | -0.21% | 102.80 | 7.96% |
| Suncorp | SUNPH | Capital Notes 3 | 17-Jun-26 | 3.00% | 2.10% | -0.03% | 101.70 | 7.05% |
| Macquarie Group | MQGPD | Capital Notes 4 | 10-Sep-26 | 4.15% | 2.42% | -0.37% | 103.15 | 8.08% |
| CBA | CBAPJ | PERLS 13 | 20-Oct-26 | 2.75% | 2.22% | -0.37% | 101.45 | 6.82% |
| Latitude | LFSPA | Capital Notes | 27-Oct-26 | 4.75% | 10.27% | 0.85% | 95.21 | 9.52% |
| Westpac | WBCPJ | Capital Notes 7 | 22-Mar-27 | 3.40% | 3.41% | -0.11% | 102.70 | 7.51% |
| CBA | CBAPI | PERLS 12 | 20-Apr-27 | 3.00% | 1.77% | 0.09% | 103.00 | 6.96% |
| Bank of Queensland | BOQPF | Capital Notes 2 | 14-May-27 | 3.80% | 2.90% | 0.08% | 103.30 | 7.78% |
| Bendigo Bank | BENPH | Capital Notes | 15-Jun-27 | 3.80% | 2.62% | -0.21% | 103.15 | 7.74% |
| Macquarie Group | MQGPE | Capital Notes 5 | 20-Sep-27 | 2.90% | 2.49% | -0.23% | 101.60 | 6.95% |
| Nat Aust Bank | NABPH | Capital Notes 5 | 17-Dec-27 | 3.50% | 2.28% | -0.24% | 103.71 | 7.40% |
| ANZ Bank | AN3PI | Capital Notes 6 | 20-Mar-28 | 3.00% | 2.23% | 0.19% | 102.60 | 6.98% |
| CBA | CBAPL | PERLS 15 | 15-Jun-28 | 2.85% | 1.88% | -0.58% | 103.45 | 6.79% |
| Suncorp | SUNPI | Capital Notes 4 | 17-Jun-28 | 2.90% | 2.31% | -0.28% | 102.45 | 6.90% |
| Westpac | WBCPL | Capital Notes 9 | 22-Sep-28 | 3.40% | 2.99% | -0.32% | 103.98 | 7.42% |
| Macquarie Bank | MBLPD | Capital Notes 3 | 7-Dec-28 | 2.90% | 2.45% | -0.28% | 102.33 | 6.92% |
| Bank of Queensland | BOQPG | Capital Notes 3 | 15-Dec-28 | 3.40% | 2.48% | -0.57% | 103.70 | 7.31% |
| Judo Capital | JDOPA | Capital Notes | 16-Feb-29 | 6.50% | 3.57% | -0.02% | 111.00 | 9.73% |
| ANZ Bank | AN3PJ | Capital Notes 7 | 20-Mar-29 | 2.70% | 2.33% | -0.14% | 101.89 | 6.73% |
| Challenger | CGFPD | Capital Notes 4 | 25-May-29 | 3.60% | 2.64% | -0.48% | 104.60 | 7.47% |
| CBA | CBAPK | PERLS 14 | 15-Jun-29 | 2.75% | 2.30% | -0.12% | 102.42 | 6.76% |
| IAG | IAGPE | Capital Notes 2 | 15-Jun-29 | 3.50% | 3.39% | -0.02% | 103.01 | 7.57% |
| Macquarie Group | MQGPF | Capital Notes 6 | 12-Sep-29 | 3.70% | 2.38% | -0.47% | 105.60 | 7.46% |
| Nat Aust Bank | NABPI | Capital Notes 6 | 17-Sep-29 | 3.15% | 2.40% | -0.26% | 103.59 | 7.07% |
| Westpac | WBCPK | Capital Notes 8 | 21-Sep-29 | 2.90% | 2.90% | -0.19% | 102.75 | 7.00% |
| ANZ Bank | AN3PK | Capital Notes 8 | 20-Mar-30 | 2.75% | 2.52% | -0.07% | 101.66 | 6.79% |
| CBA | CBAPM | PERLS 16 | 17-Jun-30 | 3.00% | 2.03% | -0.44% | 104.80 | 6.84% |
| Suncorp | SUNPJ | Capital Notes 5 | 17-Jun-30 | 2.80% | 2.34% | -0.46% | 102.78 | 6.78% |
| Nat Aust Bank | NABPJ | Capital Notes 7 | 17-Sep-30 | 2.80% | 2.22% | -0.26% | 103.36 | 6.74% |
| Bendigo Bank | BENPi | Capital Notes 2 | 13-Dec-30 | 3.20% | 2.61% | -0.14% | 103.60 | 7.12% |
| Insurance Australia | IAGPF | Capital Notes 3 | 15-Dec-30 | 3.20% | 3.10% | -0.23% | 102.95 | 7.26% |
| ANZ Bank | AN3PL | Capital Notes 9 | 20-Mar-31 | 2.90% | 2.45% | -0.17% | 102.81 | 6.87% |
| Westpac | WBCPM | Capital Notes 10 | 22-Sep-31 | 3.10% | 2.82% | 0.03% | 104.18 | 7.10% |
| Macquarie Group | MQGPG | Capital Notes 7 | 15-Dec-31 | 2.65% | 2.58% | 0.09% | 101.35 | 6.72% |
| Nat Aust Bank | NABPK | Capital Notes 8 | 17-Mar-32 | 2.60% | 2.25% | -0.31% | 102.75 | 6.59% |
ASX-Listed Hybrids (Non-standard)
| COMPANY | CODE | HYBRID TYPE | MATURITY/ CALL DATE | MARGIN INCL. CREDITS | TRADING MARGIN | DAY CHANGE | DAY CLOSE | RUNNING YIELD** |
|---|---|---|---|---|---|---|---|---|
| Nufarm | NFNG | Step Up | Perpetual | 3.90% | 4.92% | 4.92% | 90.50 | 9.05% |
| Ramsay Health Care | RHCPA | Preference Share | Perpetual | 4.85% | 4.48% | 4.48% | 105.95 | 8.61% |