Bonds Monthly Update - August 2015 - ASX

Bonds Monthly Update - August 2015 Month:

Aug-15

Trading days:

21

Period ending: Monday, 31 August 2015

Australian Yield Curve

S&P/ASX 200 Accumulation

4.00

S&P/ASX Australian Fixed Interest S&P/ASX Government Bond

163 31-Aug-15 153

31-Jul-15 3.50

S&P/ASX Indices (rebased to 100)

31-Aug-14

143

31-Aug-12

133

%

3.00

123

2.50

113 103

2.00 93 1.50

Feb-15

May-15

Aug-14

Nov-14

Feb-14

May-14

Aug-13

Nov-13

Feb-13

May-13

Aug-12

Nov-12

Feb-12

May-12

Aug-11

Nov-11

May-11

GOVT10Y

GOVT5Y

GOVT3Y

BBSW6M

BBSW5M

BBSW4M

BBSW3M

BBSW2M

CASH

BBSW1M

83

10.50% Corporate Bond - Fixed Rate

Market Comparison

Corporate Bond - Floating Rate Government Bond - Fixed Rate Government Bond - Inflation Linked

8.50% HBSHA PRYHA

Coupon

6.50%

MBLHB GSBS15 GSBG20GSBI21 AYUHA GSBC17 GSBM22 GSBA18 TTSHA ANZHA NXBHD WBCHA AMPHA GSBS14 GSBG15 GSBE19 WBCHB GSBK16 GSIU18

4.50%

GSBM17 GSBS18

CBAHA 2.50%

CTXHA TAHHB

AGKHA

CNGHA WOWHC GSBG26 GSBG25

GSBG29

GSBG24 GSIC22 GSBG23

GSBG27 GSIQ25

GSIQ30

GSBS19 GSIO20

GSIO15

Apr-39

Aug-37

Dec-35

May-34

Sep-32

Jan-31

Jun-29

Oct-27

Feb-26

Jul-24

Nov-22

Mar-21

Jul-19

Dec-17

Apr-16

Dec-12

-1.50%

Aug-14

0.50%

Maturity / Conversion / Reset Date

Snapshot by Category Segment

Number listed

Value

Market Cap $b

Trades Total (#)

Trades per day (#)

0.4

114

5

114,942

12.2 309.4

Volume (#)

$m

Corporate Bonds - Fixed Rate

2

Corporate Bonds - Floating Rate

23

14.4

11,241

535

3,139,160

Australian Government Bonds

28

424.2

160

8

97,126

10.9

TOTAL

25

14.80

11,355

541

3,254,102

321.7

Type

Listing Date

Issue Price

Maturity / Conv / Reset

Interest Rate / Dividend

Distribution Payable

Australian Government Treasury GSIO40 Indexed1,250.0 Bonds

Government Bonds - Inflation Linked

18-Aug-2015

$100.00

21-Aug-2040

1.25%

Quarterly

$0.00

Australian Government Treasury GSBU20 Bonds 6,600.0

Government Bonds - Fixed Rate

14-Apr-2015

$100.00

21-Nov-2020

1.75%

Semi-Annual

$98.73

Crown Resorts Limited


24-Apr-2015

$100.00

23-Apr-2075

90 Day BBSW + 4/00%

Quarterly

$94.20

Government Bonds - Fixed Rate

30-Mar-2015

$100.00

21-Jun-2035

2.75% p.a.

Semi-Annual

$92.29


05-Jan-2015

$100.00

19-Dec-2019

7.75% p.a.

Quarterly

$102.01

Recent Listings Entity

ASX Code Size ($m)

CWNHB

630.0

Australian Government Treasury GSBK35 Bonds 4,250.0 US Masters Residential Property URFHA Fund

150.0

*BBSW = Bank Bill Swap Rate #

As of the date of this report this security has not traded, the Last Price reflects the Issue Price

Last Price

Bonds Monthly August - August 2015 Market Capitalisation Trends

Performance and Trading Activity Breakdown by Category Last 12 months

450.0

Billions ($)

Government Bonds

400.0

Aug-13

Aug-14

290.1

338.0

16.5%

424.2

Market Cap ($b)

350.0

% change

Aug-15 % change 25.5%

Month trades

79

121

53.2%

160

32.2%

Month value ($m)

4.0

3.5

-12.8%

10.9

209.6%

Aug-13

Aug-14

% change

0.3

0.3

0.0%

0.4

4

2

-50.0%

2

0.0%

Month trades

124

95

-23.4%

114

20.0%

Month value ($m)

3.3

1.7

-48.6%

12.2

614.8%

Aug-13

Aug-14

% change

14.5

14.5

0.6%

14.4

25

23

-8.0%

23

0.0%

Month trades

9,528

9,845

3.3%

11,241

14.2%

Month value ($m)

252.7

261.1

3.3%

309.4

18.5%

Aug-13

Aug-14

% change

304.9

352.9

15.7%

439.0

52

52

0.0%

53

1.9%

Month trades

9,731

10,061

3.4%

11,515

14.5%

Month value ($m)

260.1

266.4

2.4%

332.6

24.9%

Aug-15

3.7%

250.0 Aug-14

28

Aug-13

17.4%

Aug-12

27

Aug-11

23

Aug-10

Number listed (actual) Aug-09

300.0

Last 12 months Corporate Bonds - Fixed Rate Market Cap ($b)

$1.0


Aug-14

Aug-13

Aug-12

Aug-11

Aug-10

$0.0 Aug-09

Billions ($)

$2.0

Aug-15 % change 32.1%

Corporate Bonds - Floating Rate Market Cap ($b)

Aug-15

Aug-14

Aug-13

Aug-12

Aug-11

Aug-10


Billions ($)

Last 12 months 17.5 15.5 13.5 11.5 9.5 7.5 5.5 3.5 1.5

Aug-15 % change -0.9%

Market Cap ($b)

Annualised Liquidity

Aug-15

Aug-14

Aug-13

Aug-12

Aug-11

Aug-10

Number listed (actual)

Aug-09

Billions ($)

Last 12 months Total Bonds

$465.0 $415.0 $365.0 $315.0 $265.0 $215.0 $165.0 $115.0 $65.0 $15.0

Most Actively Traded Securities by Value ASX Code Security Type

Value ($)

%Value

Volume

Aug-15 % change

%Volume


37%


26%

ORGHA


37,127,299

11.54%

375,476

11.54%

Government Bonds

0%

NABHB


31,562,741

9.81%

308,230

9.47%

WBCHA


30,916,972

9.61%

302,619

9.30%

ANZHA


30,584,597

9.51%

298,327

9.17%

CBAHA


26,886,620

8.36%

268,149

8.24%

157,078,227.55

48.83%

1,552,801

47.72%

*Annualised turnover by IRM Category

TOTAL Top 5

24.4%

Spotlight on Bonds Monthly Update - August 2015

ASX Profiles ASX Code

Issuer

Detail Description

Activity

ASX Listed Maturity / Date Conv / Reset

Coupon

Payment Frequency

Ex Date

Payment Date

Mkt Cap ($m)#

Prices Traded Value ($)

Traded Volume

Number of Trades

Monthly Liquidity %

Last *

Returns Year High

Year Low

1 Month 1 Year Price 3 Year Price 5 Year Price Price Return Return Return Return

Government Bonds - Fixed Rate GSBS15

Australian Government Treasury Bonds

Treasury Bond 4.75% 21-10-15 Semi

21-May-13

21-Oct-15

4.75%

Semi-Annual

09-Oct-15

21-Oct-15

$ 11,639.40

$

8

0.01%

102.11

104.52

101.34

0.21%

-1.78%

n/a

n/a

GSBK16



21-May-13

15-Jun-16

4.75%

Semi-Annual

03-Dec-15

15-Dec-15

$ 22,625.06

$

42,779.55

415

5

0.00%

103.31

105.62

102.64

0.21%

-1.41%

n/a

n/a

GSBC17



21-May-13

15-Feb-17

6.00%

Semi-Annual

05-Aug-15

17-Aug-15

$ 22,415.52

$

983,272.53

9,250

32

0.00%

106.26

111.05

105.87

-2.63%

-1.87%

n/a

n/a

GSBM17



21-May-13

21-Jul-17

4.25%

Semi-Annual

11-Jan-16

21-Jan-16

$ 19,852.29

$

561,054.58

5,340

15

0.00%

105.04

106.52

104.50

0.45%

0.51%

n/a

n/a

GSBA18



21-May-13

21-Jan-18

5.50%

Semi-Annual

11-Jan-16

21-Jan-16

$ 22,412.22

$

314,348.37

2,881

17

0.00%

109.33

112.49

108.57

0.34%

-0.38%

n/a

n/a

GSBS18



09-Dec-13

21-Oct-18

3.25%

Semi-Annual

09-Oct-15

21-Oct-15

$ 15,840.90

$

102,393.85

975

4

0.00%

105.61

106.25

102.18

0.72%

3.31%

n/a

n/a

GSBE19



21-May-13

15-Mar-19

5.25%

Semi-Annual

03-Sep-15

15-Sep-15

$ 25,530.57

$

54,740.65

480

3

0.00%

114.25

114.64

109.22

0.72%

1.66%

n/a

n/a

GSBS19



24-Jul-14

21-Oct-19

2.75%

Semi-Annual

09-Oct-15

21-Oct-15

$ 14,307.87

$

10,361.80

100

1

0.00%

104.44

104.70

99.72

1.28%

n/a

n/a

n/a

GSBG20



21-May-13

15-Apr-20

4.50%

Semi-Annual

02-Oct-15

15-Oct-15

$ 23,948.08

$

687,074.72

6,117

9

0.00%

112.98

114.41

107.85

0.82%

2.95%

n/a

n/a

GSBU20



14-Apr-15

21-Nov-20

1.75%

Semi-Annual

11-Nov-15

23-Nov-15

$

6,522.78

$

79,600.15

808

3

0.00%

98.83

98.73

96.59

0.95%

n/a

n/a

n/a

GSBI21



21-May-13

15-May-21

5.75%

Semi-Annual

04-Nov-15

16-Nov-15

$ 26,961.13

$

12,215.22

101

4

0.00%

120.91

124.23

116.31

0.73%

2.73%

n/a

n/a

126.22

116.35

1.52%

3.35%

n/a

n/a

715,177.40

7,009

GSBM22



21-May-13

15-Jul-22

5.75%

Semi-Annual

05-Jan-16

15-Jan-16

$ 23,251.53

$

1,228.21

10

1

0.00%

122.38

GSBG23



21-May-13

21-Apr-23

5.50%

Semi-Annual

09-Oct-15

21-Oct-15

$ 26,215.49

$

3,180.11

26

1

0.00%

123.08

127.04

117.03

0.63%

3.09%

n/a

n/a

GSBG24



21-May-13

21-Apr-24

2.75%

Semi-Annual

09-Oct-15

21-Oct-15

$ 24,315.27

$

170,132.37

1,665

6

0.00%

102.17

105.39

93.59

0.91%

7.46%

n/a

n/a

109.45

98.15

3.39%

5.77%

n/a

n/a

GSBG25



30-May-13

21-Apr-25

3.25%

Semi-Annual

09-Oct-15

21-Oct-15

$ 23,870.48

$

0.00%

106.09

GSBG26



18-Mar-14

21-Apr-26

4.25%

Semi-Annual

09-Oct-15

21-Oct-15

$ 21,593.26

$

-

-

-

0.00%

115.47

119.98

108.38

3.87%

6.64%

n/a

n/a

GSBG27



21-May-13

21-Apr-27

4.75%

Semi-Annual

09-Oct-15

21-Oct-15

$ 20,407.58

$

-

-

-

0.00%

120.76

126.61

111.18

2.60%

6.93%

n/a

n/a

110.03

92.72

0.74%

7.27%

n/a

n/a

183,470.00

1,750

2

GSBG29



21-May-13

21-Apr-29

3.25%

Semi-Annual

09-Oct-15

21-Oct-15

$ 10,943.86

$

138,590.93

1,319

6

0.00%

104.23

GSBG33



22-Nov-13

21-Apr-33

4.50%

Semi-Annual

09-Oct-15

21-Oct-15

$ 11,741.38

$

99,929.78

837

4

0.00%

119.81

127.82

106.03

2.92%

8.71%

n/a

n/a

GSBG37



21-Oct-14

21-Apr-37

3.75%

Semi-Annual

09-Oct-15

21-Oct-15

$

8,668.00

$

87,148.55

805

7

0.00%

108.35

117.88

97.65

1.67%

n/a

n/a

n/a

Government Bonds - Inflation Linked GSIU18

Australian Government Treasury Indexed Bonds Treas Indexed Bond Cpi+1.00% 21-11-18 Qly

01-May-14

21-Nov-18

1.00%

Quarterly

11-Nov-15

23-Nov-15

$

5,049.80

$

3,385,725.00

31,850

2

0.07%

106.56

107.16

102.55

-0.56%

4.04%

n/a

n/a

GSIO20


21-May-13

20-Aug-20

4.00%

Quarterly

10-Nov-15

20-Nov-15

$

9,602.82

$

273,148.38

1,417

13

0.00%

193.43

197.63

188.42

-0.36%

2.05%

n/a

n/a

GSIC22


21-May-13

21-Feb-22

1.25%

Quarterly

11-Nov-15

23-Nov-15

$

5,350.00

$

0.00%

114.07

116.13

108.94

-0.11%

4.83%

n/a

n/a

GSIQ25


21-May-13

20-Sep-25

3.00%

Quarterly

09-Sep-15

21-Sep-15

$

8,974.07

$

224,577.75

1,550

3

0.00%

144.91

149.84

133.73

2.54%

5.00%

n/a

n/a

GSIQ30


21-May-13

20-Sep-30

2.50%

Quarterly

09-Sep-15

21-Sep-15

$

4,654.59

$

3,545.25

25

2

0.00%

141.36

149.45

125.28

0.85%

9.15%

n/a

n/a

GSIO35


01-Oct-13

21-Aug-35

2.00%

Quarterly

11-Nov-15

23-Nov-15

$

3,561.53

$

2,790,892.05

22,281

4.75%

9.66%

n/a

n/a

GSIO40


18-Aug-15

21-Aug-40

1.25%

Quarterly

00-Jan-00

00-Jan-00

$

-

$

n/a

n/a

n/a

n/a

-

-

-

-

-

8 -

0.08%

124.97

138.02

108.84

#DIV/0!

-

-

-

Corporate Bonds - Fixed Rate HBSHB

Heritage Bank Limited

Bond 7.25% 20-06-17 Qly Res

20-Jun-12

20-Jun-17

7.25%

Quarterly

09-Sep-15

21-Sep-15

$

242.04

$

11,977,269.75

112,362

107

4.95%

106.39

109.49

104.50

-0.10%

-2.39%

2.40%

n/a

URFHA

US Masters Residential Property Fund

Bond 7.75% 24-12-2019 Qly Red T-12-17

05-Jan-15

19-Dec-19

7.75%

Quarterly

18-Jun-15

30-Jun-15

$

153.02

$

264,828.17

2,580

7

0.17%

102.01

106.00

101.00

-1.20%

n/a

n/a

n/a

10,586,713.72

Corporate Bonds - Floating Rate AGLHA

AGL Energy Limited.

Hybrid 3-Bbsw+3.40% 08-06-39 Sub Step T-06-19

05-Apr-12

08-Jun-39

5.94%

Quarterly

27-Aug-15

08-Sep-15

$

669.50

$

102,412

613

1.58%

103.00

107.99

100.00

-1.44%

-3.96%

2.81%

n/a

AMPHA

AMP Limited

Hybrid 3-Bbsw+2.65% 18-12-23 Sub Cum Red T-12-18

19-Dec-13

18-Dec-23

4.96%

Quarterly

08-Sep-15

18-Sep-15

$

334.78

$

5,962,394.27

58,109

237

1.78%

103.01

105.25

100.50

0.35%

-1.14%

n/a

n/a

ANZHA

Australia and New Zealand Banking GroupSub Limited Bond 3-Bbsw+2.75% 20-06-22 Red T-06-17

21-Mar-12

20-Jun-22

5.03%

Quarterly

09-Sep-15

21-Sep-15

$

1,545.61

$

30,584,596.50

298,327

806

1.98%

102.45

105.40

101.41

-0.53%

-2.34%

0.77%

n/a

AQHHA

Apt Pipelines Limited

19-Sep-12

30-Sep-72

7.25%

Quarterly

18-Sep-15

30-Sep-15

$

538.18

$

7,869,589.58

74,626

465

1.46%

104.50

108.60

102.00

-2.78%

-3.60%

n/a

105.75

100.00

0.79%

-3.32%

0.89%

n/a

74.02

0.03%

-7.43%

0.75%

15.34%


n/a

AYUHA

Australian Unity Limited

Bond 3-Bbsw+3.55% 14-04-16 Red

19-Apr-11

14-Apr-16

5.70%

Quarterly

01-Oct-15

14-Oct-15

$

122.40

$

5,649,971.78

55,730

95

4.62%

102.00

BENHB

Bendigo and Adelaide Bank Limited

Hybrid 3-Bbsw+1.00% Perp Sub Cum Red

29-Sep-08

Perpetual

3.14%

Quarterly

12-Nov-15

01-Dec-15

$

15.61

$

128,083.76

1,715

12

0.82%

74.05

82.00

CBAHA

Commonwealth Bank of Australia

Bond 3-Bbsw+1.05% 24-12-15

24-Dec-10

24-Dec-15

3.20%

Quarterly

02-Oct-15

15-Oct-15

$

572.85

$

26,886,619.87

268,149

244

4.69%

100.50

101.20

99.15

0.28%

-0.25%

1.78%

n/a

CNGHA

Colonial Holding Company Limited


29-Mar-12

31-Mar-37

5.48%

Quarterly

18-Sep-15

30-Sep-15

$

1,017.00

$

21,181,964.37

208,849

789

2.08%

101.70

104.74

100.25

-0.20%

-2.35%

1.19%

n/a

CTXHA

Caltex Australia Limited


06-Sep-12

15-Sep-37

6.66%

Quarterly

03-Sep-15

15-Sep-15

$

581.52

$

6,944,159.58

66,083

385

1.19%

105.73

108.45

102.50

0.98%

-2.19%

n/a

n/a

CWNHA



17-Sep-12

14-Sep-72

7.32%

Quarterly

02-Sep-15

14-Sep-15

$

542.40

$

9,901,500.14

96,414

440

1.83%

101.96

110.20

99.00

-2.57%

-7.31%

n/a

n/a

100.25

91.00

-4.84%

n/a

n/a

n/a

CWNHB



24-Apr-15

23-Apr-75

6.16%

Quarterly

02-Sep-15

14-Sep-15

$

593.45

$

17,184,399.54

177,339

496

2.90%

94.20

IMFHA

IMF Bentham Limited

Bond 3-Bbsw+4.20% 30-06-19 Sec

30-Apr-14

30-Jun-19

6.39%

Quarterly

28-Sep-15

08-Oct-15

$

52.00

$

527,612.46

5,122

35

1.01%

104.00

106.00

102.00

1.46%

-0.99%

n/a

n/a

MBLHB

Macquarie Group Limited

Hybrid 3-Bbsw+1.70% Perp Sub Non-Cum Stap

25-Nov-99

Perpetual

3.85%

Quarterly

25-Sep-15

15-Oct-15

$

292.60

$

4,149,359.20

56,430

270

1.42%

73.15

88.90

71.00

-2.34%

-16.69%

13.59%

-0.61%

NABHA

National Australia Bank Limited

Hybrid 3-Bbsw+1.25% Perp Sub Exch Non-Cum Stap

Perpetual

3.39%

Quarterly

27-Oct-15

16-Nov-15

$

1,422.00

$

16,591,298.44

231,985

1,195

1.17%

71.10

83.00

70.20

-3.21%

-12.06%

3.04%

-7.30%

NABHB

National Australia Bank Limited

Sub Bond 3-Bbsw+2.75% 18-06-22 Red T-06-17

19-Jun-12

18-Jun-22

4.90%

Quarterly

08-Sep-15

18-Sep-15

$

1,201.83

$

31,562,740.96

308,230

882

2.63%

102.50

105.49

101.40

-0.40%

-2.51%

0.76%

n/a

ORGHA

Origin Energy Limited


23-Dec-11

22-Dec-71

6.27%

Quarterly

09-Sep-15

21-Sep-15

$

890.37

$

37,127,298.67

375,476

1,469

4.17%

98.93

104.73

96.11

-1.93%

-5.06%

-2.05%

PRYHA

Primary Health Care Limited

Bond 3-Bbsw+4.00% 28-09-15 Sub

05-Oct-10

28-Sep-15

6.78%

Quarterly

16-Sep-15

28-Sep-15

$

153.72

$

5,544,818.22

54,949

123

3.61%

100.95

104.10

100.00

0.25%

-2.04%

0.97%

n/a

SBKHB

Suncorp-Metway Limited .

Cap Note 3-Bbsw+0.75% Perp Cum

24-Dec-10

Perpetual

2.89%

Quarterly

12-Nov-15

01-Dec-15

$

54.38

$

346,393.18

4,555

32

0.64%

76.01

80.00

75.01

-0.46%

-3.78%

34.06%

15.17%

TAHHB

TABCORP Holdings Limited

Hybrid 3-Bbsw+4.00% 22-03-37 Sub Red Step T-03-17

23-Mar-12

22-Mar-37

6.27%

Quarterly

10-Sep-15

22-Sep-15

$

254.75

$

3,680,087.00

36,028

179

1.44%

101.90

106.98

98.00

-0.39%

-4.75%

2.41%

n/a

TTSHA

Tatts Group Limited

Bond 3-Bbsw+ 3.10% 5-07-2019

02-Jul-12

05-Jul-19

5.24%

Quarterly

24-Sep-15

06-Oct-15

$

201.48

$

1,437,337.81

13,770

66

0.71%

103.50

110.00

102.00

-1.90%

-2.17%

2.07%

n/a

WBCHA

Westpac Banking Corporation

Sub Bond 3-Bbsw+2.75% 23-8-22 Red T-08-17

24-Aug-12

23-Aug-22

4.87%

Quarterly

11-Nov-15

23-Nov-15

$

1,705.55

$

30,916,971.55

302,619

809

1.81%

101.75

104.85

101.01

-1.64%

-2.07%

1.67%

n/a

WBCHB

Westpac Banking Corporation

Sub Tr Bnd 3-Bbsw+2.30% 22-08-23 Sub Red Tr T-8-18

23-Aug-13

22-Aug-23

4.42%

Quarterly

11-Nov-15

23-Nov-15

$

933.15

$

15,858,472.97

157,440

703

1.70%

100.85

103.40

99.70

-0.98%

-1.30%

n/a

n/a

WOWHC

Woolworths Limited

Hyb 3-Bbsw+3.25% 24-11-2036 Subcumred Step T-11-16

25-Nov-11

24-Nov-36

5.37%

Quarterly

12-Nov-15

24-Nov-15

$

711.52

$

18,813,428.28

184,803

896

2.64%

101.61

105.67

100.70

-1.64%

-3.15%

-3.04%

n/a

08-Jul-99

* Australian Govenrment Treasury / Index Bonds are recorded at the valuation price All values are as at Aug-15.

Contacts

Australia Ken Chapman Head of Debt Capital Markets +61 2 9227 0094 [email protected]

Past Performance is not a reliable indicator of future performance. Information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions. Although ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”) has made every effort to ensure the accuracy of the information as at the date of publication, ASX does not give any warranty or representation as to the accuracy, reliability or completeness of the information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from any one acting or refraining to act in reliance on this information. © Copyright 2011 ASX Limited ABN 98 008 624 691. All rights reserved 2011.

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