John Porter

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