The current ASX rout has created many headaches and opportunities. I have used bank hybrids as a superior yield investment ahead of TD’s and the like. They have fallen below par and may offer buying opportunities with a decent yield, franking credits and guaranteed capital value – unless the banks really fall over. The list below would offer around 10% capital growth at maturity and maybe more, dependant on the market.
|Code||Coupon||Distribution Frequency||Share Price||Expected Maturity|
|CBAPG||3.4% + BBSW||Quarterly||$ 90.00||2025|
|ANZPF||3.6% + BBSW||Semi-Annually||$ 93.50||2023|
|MQGPC||4.0% + BBSW||Quarterly||$ 88.00||2024|
|WBCPI||3.70% + BBSW||Quarterly||$ 90.80||2026|
|NABPF||4.0% + BBSW||Quarterly||$ 90.00||2026|