Bonds Monthly Update - November 2015 - ASX

Bonds Monthly Update - November 2015 Month:

Nov-15

Trading days:

21

Period ending: Monday, 30 November 2015

Australian Yield Curve

S&P/ASX 200 Accumulation

3.50

163 30-Nov-15

3.30

%

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

153

31-Oct-15

3.10

30-Nov-14

2.90

30-Nov-12

S&P/ASX Indices (rebased to 100)

143

2.70

133

2.50

123

2.30

113

2.10 103 1.90 93

1.70 1.50

Sep-15

May-15

Jan-15

Sep-14

May-14

Jan-14

Sep-13

Jan-13

May-13

Sep-12

Jan-12

May-12

Sep-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

Coupon

6.50%

MBLHB GSBG15 GSBS19GSBG20 AYUHA GSBK16 GSBI21 TAHHB GSBM17 TTSHA AMPHA ANZHA NXBHD GSBS14 WBCHA GSBS18 GSBS15 GSIU18

4.50%

GSBC17 GSBA18

CBAHA 2.50%

CTXHA SBKHB

AGKHA

WBCHB CNGHA GSBG25 GSBG24

GSBG27

GSBG23 GSIC22 GSBM22

GSBG26 GSIQ25

GSIQ30

GSBE19 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

Market Cap $b

Trades Total (#)

Trades per day (#)

Value Volume (#)

$m

Corporate Bonds - Fixed Rate

3

0.5

72

3

17,760

1.9

Corporate Bonds - Floating Rate

22

14.2

8,289

395

2,293,710

225.4

Australian Government Bonds

28

435.3

148

7

74,151

8.1

TOTAL

25

14.65

8,361

398

2,311,470

227.3

Type

Listing Date

Issue Price

Maturity / Conv / Reset

Interest Rate / Dividend

Distribution Payable

Government Bonds - Fixed Rate

20-Oct-2015

$100.00

21-Jun-2039

3.25%

Semi-Annual

$98.34


27-Oct-2015

$100.00

24-Dec-2020

7.75%

Quarterly

$103.89

Australian Government Treasury GSIO40 Indexed1,400.0 Bonds

Government Bonds - Inflation Linked

18-Aug-2015

$100.00

21-Aug-2040

1.25%

Quarterly

$100.98

Australian Government Treasury GSBU20 Bonds 9,600.0

Government Bonds - Fixed Rate

14-Apr-2015

$100.00

21-Nov-2020

1.75%

Semi-Annual

$97.45

Crown Resorts Limited


24-Apr-2015

$100.00

23-Apr-2075

90 Day BBSW + 4/00%

Quarterly

$92.30

Recent Listings Entity

ASX Code Size ($m)

Australian Government Treasury GSBK39 Bonds 4,000.0 US Masters Residential Property URFHB Fund

CWNHB

90.5

630.0

*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 Update - November 2015 Market Capitalisation Trends

Performance and Trading Activity Breakdown by Category Last 12 months

450.0

Billions ($)

Government Bonds

400.0

Nov-13

Nov-14

308.4

353.5

14.6%

435.3

24

27

12.5%

28

3.7%

Market Cap ($b)

350.0

% change

Nov-15 % change 23.2%

148

111.4%

Month value ($m)

6.0

9.3

56.3%

8.1

-13.1%

Nov-13

Nov-14

% change

0.3

0.2

-17.6%

0.5

100.4%

4

1

-75.0%

3

200.0%

Month trades

88

43

-51.1%

72

67.4%

Month value ($m)

5.6

0.7

-87.2%

1.9

160.2%

Nov-13

Nov-14

% change

14.6

14.4

-1.1%

14.2

-1.6%

25

23

-8.0%

22

-4.3%

11,537

7,573

-34.4%

8,289

9.5%

311.7

159.0

-49.0%

225.4

41.8%

Nov-13

Nov-14

% change

323.2

368.1

13.9%

450.0

53

51

-3.8%

53

3.9%

11,732

7,686

-34.5%

8,509

10.7%

323.2

169.0

-47.7%

235.4

39.3%

Nov-15

-34.6%

Nov-14

70

Nov-13

107

Nov-12

Month trades

Nov-11

250.0

Nov-10

Number listed (actual) Nov-09

300.0

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

$1.0


Nov-14

Nov-13

Nov-12

Nov-11

Nov-10

$0.0 Nov-09

Billions ($)

$2.0

Nov-15 % change

Corporate Bonds - Floating Rate Market Cap ($b)

Nov-15

Nov-14

Nov-13

Nov-12

Nov-11

Nov-10


Billions ($)

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

Month trades Month value ($m)

Nov-15 % change

Market Cap ($b) Number listed (actual)

Annualised Liquidity

Nov-15

Nov-14

Nov-13

Nov-12

Nov-11

Nov-10

Month trades Nov-09

Billions ($)

Last 12 months Total Bonds

$515.0 $415.0 $315.0 $215.0 $115.0 $15.0

Month value ($m)

Most Actively Traded Securities by Value ASX Code Security Type

Value ($)

%Value

Volume

Nov-15 % change

%Volume


5%


19%

ANZHA


40,546,708

17.84%

396,810

17.17%

Government Bonds

0%

ORGHA


30,286,638

13.33%

303,273

13.12%

WBCHA


23,226,281

10.22%

228,214

9.87%

CNGHA


18,496,671

8.14%

181,730

7.86%

NABHB


17,425,461

7.67%

170,280

7.37%

129,981,759.23

57.19%

1,280,307

55.39%

*Annualised turnover by IRM Category

TOTAL Top 5

22.2%

Spotlight on Bonds Monthly Update - November 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 GSBK16

Australian Government Treasury Bonds

Treasury Bond 4.75% 15-06-16 Semi

21-May-13

15-Jun-16

4.75%

Semi-Annual

03-Dec-15

15-Dec-15

$ 22,710.25

$

181,238.16

1,748

11

0.00%

103.70

105.62

102.64

0.01%

-1.70%

n/a

n/a

GSBC17



21-May-13

15-Feb-17

6.00%

Semi-Annual

03-Feb-16

15-Feb-16

$ 22,504.76

$

511,488.26

4,798

16

0.00%

106.68

111.05

105.87

-0.14%

-2.61%

n/a

n/a

GSBM17



21-May-13

21-Jul-17

4.25%

Semi-Annual

11-Jan-16

21-Jan-16

$ 19,887.63

$

47,969.41

456

4

0.00%

105.23

106.52

104.50

-0.15%

-0.45%

n/a

n/a

GSBA18



21-May-13

21-Jan-18

5.50%

Semi-Annual

11-Jan-16

21-Jan-16

$ 22,399.92

$

297,527.24

2,723

16

0.00%

109.27

112.49

108.57

-0.42%

-1.83%

n/a

n/a

GSBS18



09-Dec-13

21-Oct-18

3.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 17,939.24

$

3,099,603.42

29,903

12

0.02%

103.70

106.25

103.54

-0.46%

1.22%

n/a

n/a

GSBE19



21-May-13

15-Mar-19

5.25%

Semi-Annual

03-Mar-16

15-Mar-16

$ 24,845.06

$

321,128.86

2,889

12

0.00%

111.18

114.64

110.81

-0.56%

-1.05%

n/a

n/a

GSBS19



24-Jul-14

21-Oct-19

2.75%

Semi-Annual

12-Apr-16

21-Apr-16

$ 17,421.26

$

40,157.66

390

2

0.00%

102.48

104.70

102.87

-0.38%

2.19%

n/a

n/a

GSBG20



21-May-13

15-Apr-20

4.50%

Semi-Annual

06-Apr-16

15-Apr-16

$ 24,019.57

$

803,442.17

7,308

10

0.00%

110.20

114.41

109.74

-0.93%

0.33%

n/a

n/a

GSBU20



14-Apr-15

21-Nov-20

1.75%

Semi-Annual

12-May-16

23-May-16

$

9,356.74

$

448,131.20

4,600

3

0.00%

97.47

98.96

96.59

-1.51%

n/a

n/a

n/a

GSBI21



21-May-13

15-May-21

5.75%

Semi-Annual

05-May-16

16-May-16

$ 26,243.10

$

30,924.75

263

7

0.00%

117.69

124.23

116.98

-2.87%

1.18%

n/a

n/a

GSBM22



21-May-13

15-Jul-22

5.75%

Semi-Annual

05-Jan-16

15-Jan-16

$ 24,155.90

$

525,205.26

4,325

4

0.00%

122.00

126.22

119.05

-1.06%

0.66%

n/a

n/a

127.04

118.90

-3.01%

0.41%

n/a

n/a

GSBG23



21-May-13

21-Apr-23

5.50%

Semi-Annual

12-Apr-16

21-Apr-16

$ 25,514.72

$

66,012.60

555

3

0.00%

119.79

GSBG24



21-May-13

21-Apr-24

2.75%

Semi-Annual

12-Apr-16

21-Apr-16

$ 24,761.50

$

19,896.23

198

1

0.00%

100.25

105.39

97.85

-1.67%

2.35%

n/a

n/a

GSBG25



30-May-13

21-Apr-25

3.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 26,140.72

$

220,132.24

2,096

3

0.00%

103.73

109.45

101.49

-1.60%

5.24%

n/a

n/a

119.98

110.61

-2.05%

3.91%

n/a

n/a

117.10

-1.86%

3.75%

n/a

n/a

GSBG26



18-Mar-14

21-Apr-26

4.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 24,438.97

$

0.00%

112.62

GSBG27



21-May-13

21-Apr-27

4.75%

Semi-Annual

12-Apr-16

21-Apr-16

$ 23,753.98

$

1,913.60

16

1

0.00%

117.60

126.61

GSBG29



21-May-13

21-Apr-29

3.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 10,701.00

$

255,987.70

2,512

5

0.00%

101.92

110.03

98.96

-2.37%

2.78%

n/a

n/a

127.82

112.80

-3.59%

5.53%

n/a

n/a

-

-

-

GSBG33



22-Nov-13

21-Apr-33

4.50%

Semi-Annual

12-Apr-16

21-Apr-16

$ 11,797.81

$

50,190.26

435

5

0.00%

116.81

GSBG37



21-Oct-14

21-Apr-37

3.75%

Semi-Annual

19-Apr-16

28-Apr-16

$

8,974.47

$

49,191.99

472

2

0.00%

105.58

117.88

101.24

-1.14%

8.12%

n/a

n/a

GSBK39



20-Oct-15

21-Jun-39

3.25%

Semi-Annual

09-Dec-15

21-Dec-15

$

3,918.56

$

39,797.91

407

3

0.00%

97.96

100.74

96.24

-2.75%

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

$

5,202.31

$

242,150.30

2,277

4

0.00%

106.41

107.16

104.10

0.05%

2.93%

n/a

n/a

GSIO20


21-May-13

20-Aug-20

4.00%

Quarterly

10-Nov-15

20-Nov-15

$

9,801.78

$

443,036.89

2,318

9

0.00%

191.65

197.63

190.40

-1.16%

1.11%

n/a

n/a

GSIC22


21-May-13

21-Feb-22

1.25%

Quarterly

11-Nov-15

23-Nov-15

$

5,330.31

$

76,912.68

677

2

0.00%

113.65

116.13

111.04

-0.57%

4.32%

n/a

n/a

GSIQ25


21-May-13

20-Sep-25

3.00%

Quarterly

09-Dec-15

21-Dec-15

$

8,877.65

$

126,174.00

885

2

0.00%

143.35

149.84

140.74

0.46%

3.62%

n/a

n/a

GSIQ30


21-May-13

20-Sep-30

2.50%

Quarterly

09-Dec-15

21-Dec-15

$

4,781.25

$

0.00%

138.88

149.45

135.58

-0.59%

5.93%

n/a

n/a

GSIO35


01-Oct-13

21-Aug-35

2.00%

Quarterly

11-Nov-15

23-Nov-15

$

3,749.76

$

24,028.38

200

2

0.00%

122.94

138.02

117.73

-2.29%

6.95%

n/a

n/a

GSIO40


18-Aug-15

21-Aug-40

1.25%

Quarterly

11-Nov-15

23-Nov-15

$

1,455.13

$

140,661.55

1,400

5

0.01%

103.94

105.35

99.79

-1.03%

n/a

n/a

n/a

-

-

-

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-Dec-15

21-Dec-15

$

241.15

$

1,636,963.77

15,459

56

0.68%

106.00

109.00

104.60

-0.09%

-0.94%

-0.09%

n/a

URFHA

US Masters Residential Property Fund

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

05-Jan-15

24-Dec-19

7.75%

Quarterly

18-Sep-15

30-Sep-15

$

152.63

$

130,993.95

1,291

8

0.09%

101.75

106.00

100.91

0.83%

n/a

n/a

n/a

URFHB

US Masters Residential Property Fund

Bond 7.75% 24-12-2020 Qly Red T 12-18

27-Oct-15

24-Dec-20

7.75%

Quarterly

00-Jan-00

00-Jan-00

$

94.06

$

103,877.82

1,010

8

0.11%

103.89

103.89

100.10

3.58%

n/a

n/a

n/a

Corporate Bonds - Floating Rate AGLHA

AGL Energy Limited.

Hybrid 3-Bbsw+3.80% 08-06-39 Sub Step T-06-19

05-Apr-12

08-Jun-39

5.97%

Quarterly

26-Nov-15

08-Dec-15

$

657.48

$

9,349,152.15

91,485

517

1.42%

101.15

107.99

100.00

-2.27%

-3.95%

-1.41%

n/a

AMPHA

AMP Limited

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

19-Dec-13

18-Dec-23

4.83%

Quarterly

08-Dec-15

18-Dec-15

$

330.79

$

4,703,494.40

46,392

238

1.42%

101.78

105.25

99.80

0.87%

-3.07%

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

4.94%

Quarterly

09-Dec-15

21-Dec-15

$

1,545.01

$

40,546,708.38

396,810

783

2.62%

102.41

105.00

101.16

0.30%

-1.81%

-1.76%

n/a

108.50

102.00

0.09%

-2.50%

0.80%

n/a

104.00

100.00

-0.18%

-1.92%

-2.11%

n/a

AQHHA

Apt Pipelines Limited

Hybrid 3-Bbsw+4.50% 30-09-72 Sub Cum Red T-03-18

19-Sep-12

30-Sep-72

6.67%

Quarterly

18-Dec-15

31-Dec-15

$

537.30

$

5,971,808.01

57,005

330

1.11%

104.33

AYUHA

Australian Unity Limited

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

19-Apr-11

14-Apr-16

5.70%

Quarterly

04-Jan-16

14-Jan-16

$

121.22

$

1,031,638.39

10,213

69

0.85%

101.02

BENHB

Bendigo and Adelaide Bank Limited

Hybrid 3-Bbsw+1.00% Perp Sub Cum Red

29-Sep-08

Perpetual

3.22%

Quarterly

11-Feb-16

01-Mar-16

$

14.39

$

181,228.63

2,649

8

1.26%

68.26

81.20

68.26

-2.50%

-13.61%

-3.86%

-11.35%

101.20

99.15

0.26%

-0.37%

0.28%

n/a

CBAHA

Commonwealth Bank of Australia

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

24-Dec-10

24-Dec-15

3.21%

Quarterly

14-Dec-15

24-Dec-15

$

571.60

$

7,052,279.76

70,455

122

1.23%

100.28

CNGHA

Colonial Holding Company Limited


29-Mar-12

31-Mar-37

5.43%

Quarterly

21-Dec-15

31-Dec-15

$

1,014.80

$

18,496,670.96

181,730

582

1.82%

101.48

104.10

100.25

-0.58%

-1.95%

-1.52%

n/a

CTXHA

Caltex Australia Limited


06-Sep-12

15-Sep-37

6.68%

Quarterly

03-Dec-15

15-Dec-15

$

569.97

$

5,910,020.81

56,783

230

1.04%

103.63

108.25

102.50

-1.04%

-4.05%

-1.87%

n/a

110.00

97.26

0.26%

-5.88%

-2.35%

n/a n/a

CWNHA



17-Sep-12

14-Sep-72

7.18%

Quarterly

02-Dec-15

14-Dec-15

$

539.74

$

6,393,973.92

63,261

323

1.18%

101.46

CWNHB



24-Apr-15

23-Apr-75

6.18%

Quarterly

02-Dec-15

14-Dec-15

$

581.49

$

5,220,711.08

56,102

312

0.90%

92.30

100.25

87.50

-1.23%

n/a

n/a

IMFHA

IMF Bentham Limited

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

30-Apr-14

30-Jun-19

6.37%

Quarterly

29-Dec-15

08-Jan-16

$

50.80

$

140,939.78

1,377

27

0.28%

101.60

106.00

101.50

-0.65%

-2.96%

n/a

n/a

MBLHB

Macquarie Group Limited

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

25-Nov-99

Perpetual

3.86%

Quarterly

24-Dec-15

15-Jan-16

$

281.88

$

3,127,012.13

44,756

203

1.11%

70.47

83.85

68.50

0.76%

-15.45%

2.88%

-11.34%

NABHA

National Australia Bank Limited

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

08-Jul-99

Perpetual

3.47%

Quarterly

27-Jan-16

15-Feb-16

$

1,401.00

$

11,409,000.55

165,227

893

0.81%

70.05

79.80

67.85

2.56%

-11.44%

-2.44%

-15.35%

NABHB

National Australia Bank Limited

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

19-Jun-12

18-Jun-22

4.93%

Quarterly

08-Dec-15

18-Dec-15

$

1,203.00

$

17,425,460.92

170,280

550

1.45%

102.60

105.00

101.27

0.53%

-1.68%

ORGHA

Origin Energy Limited


23-Dec-11

22-Dec-71

6.18%

Quarterly

10-Dec-15

22-Dec-15

$

895.41

$

30,286,637.84

303,273

914

3.38%

99.49

103.50

93.32

-0.37%

-3.45%

-1.98%

n/a

SBKHB

Suncorp-Metway Limited .

Cap Note 3-Bbsw+0.75% Perp Cum

24-Dec-10

Perpetual

2.97%

Quarterly

11-Feb-16

01-Mar-16

$

55.08

$

127,204.01

1,652

8

0.23%

77.00

80.00

75.01

0.57%

-0.23%

31.51%

5.48%

TAHHB

TABCORP Holdings Limited

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

23-Mar-12

22-Mar-37

6.18%

Quarterly

10-Dec-15

22-Dec-15

$

256.03

$

3,220,471.73

31,430

138

1.26%

102.41

106.72

98.00

0.38%

-1.53%

0.90%

n/a

TTSHA

Tatts Group Limited

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

02-Jul-12

05-Jul-19

5.27%

Quarterly

22-Dec-15

05-Jan-16

$

199.45

$

2,058,921.02

19,813

56

1.03%

102.46

110.00

102.00

-2.42%

-2.42%

-0.77%

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

5.00%

Quarterly

11-Feb-16

23-Feb-16

$

1,706.39

$

23,226,281.14

228,214

559

1.36%

101.80

104.65

101.01

-0.73%

-1.74%

-1.40%

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

4.55%

Quarterly

10-Feb-16

22-Feb-16

$

922.88

$

14,559,385.76

145,927

647

1.58%

99.74

103.40

98.72

-0.76%

-1.64%

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

5.51%

Quarterly

12-Feb-16

24-Feb-16

$

704.45

$

14,976,873.95

148,876

780

2.13%

100.60

105.48

99.70

-1.28%

-2.80%

-5.23%

n/a

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