Bonds Monthly Update - October 2015 - ASX

Bonds Monthly Update - October 2015 Month:

Oct-15

Trading days:

22

Period ending: Friday, 30 October 2015

Australian Yield Curve

S&P/ASX 200 Accumulation

3.50

163 30-Oct-15

3.30

%

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

153

30-Sep-15

3.10

31-Oct-14

2.90

31-Oct-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

Aug-15

May-15

Aug-14

Nov-14 Feb-15

May-14

Aug-13

Nov-13 Feb-14

May-13

Aug-12

Nov-12 Feb-13

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

Coupon

6.50%

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

4.50%

GSBC17 GSBA18

CBAHA 2.50%

CTXHA SBKHB

AGKHA

CNGHA WBCHB 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

93

4

23,416

2.5

Corporate Bonds - Floating Rate

22

14.2

8,651

393

2,059,513

198.6

Australian Government Bonds

28

431.8

208

9

103,650

11.5

TOTAL

25

14.66

8,744

397

2,082,929

201.1

Type

Listing Date

Issue Price

Maturity / Conv / Reset

Interest Rate / Dividend

Distribution Payable

Last Price

Government Bonds - Fixed Rate

20-Oct-2015

$100.00

21-Jun-2039

3.25%

Semi-Annual

$100.74


27-Oct-2015

$100.00

24-Dec-2020

7.75%

Quarterly

$100.30

Australian Government Treasury GSIO40 Indexed1,250.0 Bonds

Government Bonds - Inflation Linked

18-Aug-2015

$100.00

21-Aug-2040

1.25%

Quarterly

$105.02

Australian Government Treasury GSBU20 Bonds 8,000.0

Government Bonds - Fixed Rate

14-Apr-2015

$100.00

21-Nov-2020

1.75%

Semi-Annual

$98.96

Crown Resorts Limited


24-Apr-2015

$100.00

23-Apr-2075

90 Day BBSW + 4/00%

Quarterly

$93.45

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

Bonds Monthly Update - October 2015 Market Capitalisation Trends

Performance and Trading Activity Breakdown by Category Last 12 months

450.0

Billions ($)

Government Bonds

400.0

Oct-13

Oct-14

286.0

354.4

23.9%

431.8

24

28

16.7%

28

0.0%

Market Cap ($b)

350.0

% change

Oct-15 % change 21.8%

208

69.1%

Month value ($m)

6.1

8.3

36.0%

11.5

38.5%

Oct-13

Oct-14

% change

0.3

0.3

-0.8%

0.5

4

2

-50.0%

3

50.0%

Month trades

170

106

-37.6%

93

-12.3%

Month value ($m)

3.0

12.8

328.2%

2.5

-80.7%

Oct-13

Oct-14

% change

14.6

14.4

-1.7%

14.2

-1.4%

25

23

-8.0%

22

-4.3%

10,119

9,223

-8.9%

8,651

-6.2%

265.3

239.7

-9.6%

198.6

-17.1%

Oct-13

Oct-14

% change

300.9

369.1

22.7%

446.4

53

53

0.0%

53

0.0%

10,403

9,452

-9.1%

8,952

-5.3%

274.4

260.8

-4.9%

212.6

-18.5%

Oct-15

7.9%

Oct-14

123

Oct-13

114

Oct-12

Month trades

Oct-11

250.0

Oct-10

Number listed (actual) Oct-09

300.0

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

$1.0


Oct-14

Oct-13

Oct-12

Oct-11

Oct-10

$0.0 Oct-09

Billions ($)

$2.0

Oct-15 % change 64.2%

Corporate Bonds - Floating Rate Market Cap ($b)

Oct-15

Oct-14

Oct-13

Oct-12

Oct-11

Oct-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)

Oct-15 % change

Market Cap ($b) Number listed (actual)

Annualised Liquidity

Oct-15

Oct-14

Oct-13

Oct-12

Oct-11

Oct-10

Month trades Oct-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

Oct-15 % change

%Volume


6%


17%

ORGHA


44,114,952

21.94%

442,555

21.25%

Government Bonds

0%

NABHA


15,266,302

7.59%

222,981

10.71%

NABHB


15,119,956

7.52%

148,224

7.12%

WBCHB


14,709,161

7.31%

146,193

7.02%

CNGHA


14,645,081

7.28%

144,269

6.93%

103,855,452.00

51.65%

1,104,222

53.01%

*Annualised turnover by IRM Category

TOTAL Top 5

21.0%

Spotlight on Bonds Monthly Update - October 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

$ 22,704.99

$

16,866

17

0.01%

103.68

105.62

102.64

0.23%

-1.70%

n/a

n/a

GSBC17



21-May-13

15-Feb-17

6.00%

Semi-Annual

03-Feb-16

15-Feb-16

$ 22,535.56

$

424,925.95

3,985

26

0.00%

106.83

111.05

105.87

0.49%

-2.04%

n/a

n/a

GSBM17



21-May-13

21-Jul-17

4.25%

Semi-Annual

11-Jan-16

21-Jan-16

$ 19,916.93

$

1,743,068.40

16,545

25

0.01%

105.38

106.52

104.50

0.14%

-0.29%

n/a

n/a

GSBA18



21-May-13

21-Jan-18

5.50%

Semi-Annual

11-Jan-16

21-Jan-16

$ 22,493.60

$

1,007,413.43

9,199

20

0.00%

109.73

112.49

108.57

0.20%

-0.67%

n/a

n/a

GSBS18



09-Dec-13

21-Oct-18

3.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 18,040.27

$

521,912.61

5,010

2

0.00%

104.28

106.25

102.45

-1.03%

2.03%

n/a

n/a

GSBE19



21-May-13

15-Mar-19

5.25%

Semi-Annual

03-Mar-16

15-Mar-16

$ 25,010.88

$

621,955.27

5,563

7

0.00%

111.92

114.64

111.22

0.40%

0.99%

n/a

n/a

GSBS19



24-Jul-14

21-Oct-19

2.75%

Semi-Annual

12-Apr-16

21-Apr-16

$ 16,739.95

$

29,833.46

290

1

0.00%

103.33

104.70

99.83

-0.76%

3.62%

n/a

n/a

GSBG20



21-May-13

15-Apr-20

4.50%

Semi-Annual

06-Apr-16

15-Apr-16

$ 23,542.59

$

443,569.36

3,999

14

0.00%

111.07

114.41

108.50

-1.45%

2.26%

n/a

n/a

GSBU20



14-Apr-15

21-Nov-20

1.75%

Semi-Annual

11-Nov-15

23-Nov-15

$

7,938.56

$

10,885.57

110

2

0.00%

99.23

98.96

96.59

0.27%

n/a

n/a

n/a

GSBI21



21-May-13

15-May-21

5.75%

Semi-Annual

04-Nov-15

16-Nov-15

$ 27,094.48

$

74,832.99

618

6

0.00%

121.51

124.23

116.31

0.81%

1.94%

n/a

n/a

GSBM22



21-May-13

15-Jul-22

5.75%

Semi-Annual

05-Jan-16

15-Jan-16

$ 23,428.04

$

17,066.42

139

5

0.00%

123.31

126.22

119.05

1.19%

3.10%

n/a

n/a

127.04

117.03

-1.28%

3.42%

n/a

n/a

95.91

-0.40%

5.96%

n/a

n/a

1,748,200.15

GSBG23



21-May-13

21-Apr-23

5.50%

Semi-Annual

12-Apr-16

21-Apr-16

$ 25,814.84

$

66,930.24

542

2

0.00%

121.20

GSBG24



21-May-13

21-Apr-24

2.75%

Semi-Annual

12-Apr-16

21-Apr-16

$ 24,187.94

$

1,118,852.63

10,990

7

0.00%

101.63

105.39

GSBG25



30-May-13

21-Apr-25

3.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 25,590.57

$

3,901.12

37

2

0.00%

105.31

109.45

98.57

-0.18%

6.02%

n/a

n/a

119.98

110.61

-1.04%

5.70%

n/a

n/a

112.92

-1.29%

5.47%

n/a

n/a

GSBG26



18-Mar-14

21-Apr-26

4.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 23,942.83

$

542,503.42

4,720

2

0.00%

114.56

GSBG27



21-May-13

21-Apr-27

4.75%

Semi-Annual

12-Apr-16

21-Apr-16

$ 23,323.34

$

10,185.38

85

1

0.00%

119.61

126.61

GSBG29



21-May-13

21-Apr-29

3.25%

Semi-Annual

12-Apr-16

21-Apr-16

$ 10,906.59

$

644,122.68

6,161

21

0.01%

103.87

110.03

96.45

-1.25%

7.70%

n/a

n/a

127.82

109.84

1.33%

10.41%

n/a

n/a

GSBG33



22-Nov-13

21-Apr-33

4.50%

Semi-Annual

12-Apr-16

21-Apr-16

$ 12,322.00

$

37,480.65

309

3

0.00%

122.00

GSBG37



21-Oct-14

21-Apr-37

3.75%

Semi-Annual

19-Apr-16

28-Apr-16

$

8,621.92

$

37,291.19

346

4

0.00%

107.77

117.88

97.65

-0.32%

10.26%

n/a

n/a

GSBK39



20-Oct-15

21-Jun-39

3.25%

Semi-Annual

09-Dec-15

21-Dec-15

$

4,017.04

$

513,758.70

5,100

1

0.01%

100.43

100.74

100.74

n/a

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

$

5,225.29

$

4,254.40

40

1

0.00%

106.88

107.16

104.10

0.68%

3.39%

n/a

n/a

GSIO20


21-May-13

20-Aug-20

4.00%

Quarterly

10-Nov-15

20-Nov-15

$

9,916.81

$

1,344,716.67

6,929

28

0.01%

193.90

197.63

189.31

0.77%

1.84%

n/a

n/a

GSIC22


21-May-13

21-Feb-22

1.25%

Quarterly

11-Nov-15

23-Nov-15

$

5,365.48

$

1,143.00

1

0.00%

114.40

116.13

111.04

0.18%

5.01%

n/a

n/a

GSIQ25


21-May-13

20-Sep-25

3.00%

Quarterly

09-Dec-15

21-Dec-15

$

8,929.05

$

0.00%

144.18

149.84

140.74

1.04%

4.22%

n/a

n/a

GSIQ30


21-May-13

20-Sep-30

2.50%

Quarterly

09-Dec-15

21-Dec-15

$

4,819.12

$

1,397.00

10

1

0.00%

139.98

149.45

135.58

0.22%

6.77%

n/a

n/a

GSIO35


01-Oct-13

21-Aug-35

2.00%

Quarterly

11-Nov-15

23-Nov-15

$

3,552.27

$

25,164.40

200

1

0.00%

124.64

138.02

114.95

1.57%

9.27%

n/a

n/a

GSIO40


18-Aug-15

21-Aug-40

1.25%

Quarterly

11-Nov-15

23-Nov-15

$

1,316.84

$

2,103.66

20

2

0.00%

105.35

105.35

103.06

2.22%

n/a

n/a

n/a

2,372,540.03

-

10 -

-

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

$

241.38

$

22,466

85

0.98%

106.10

109.00

104.60

0.57%

-0.84%

1.23%

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

$

151.37

$

8,105.50

80

2

0.01%

100.91

106.00

100.91

-2.03%

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

$

90.81

$

87,187.00

870

6

0.10%

100.30

100.30

100.10

n/a

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

$

672.75

$

8,654,742.21

84,072

537

1.29%

103.50

107.99

100.00

1.72%

-2.36%

0.19%

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

$

327.93

$

6,683,344.76

66,089

278

2.04%

100.90

105.25

99.80

-0.10%

-2.56%

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

$

1,540.33

$

12,187,648.03

119,332

537

0.79%

102.10

105.00

101.16

0.29%

-1.51%

-1.45%

n/a

108.50

102.00

-0.25%

-2.21%

0.71%

n/a

104.00

100.00

-1.00%

-1.27%

-0.78%

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

$

536.84

$

9,099,742.00

87,720

465

1.70%

104.24

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

$

121.44

$

561,654.50

5,560

44

0.46%

101.20

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

$

14.76

$

77,647.63

1,078

9

0.53%

70.01

82.00

70.01

-5.39%

-12.05%

-1.39%

-2.76%

101.20

99.15

-0.54%

-0.53%

0.52%

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

$

570.11

$

4,227,735.35

42,283

111

0.74%

100.02

CNGHA

Colonial Holding Company Limited


29-Mar-12

31-Mar-37

5.43%

Quarterly

21-Dec-15

31-Dec-15

$

1,020.70

$

14,645,080.57

144,269

692

1.43%

102.07

104.40

100.25

0.41%

-1.57%

-1.29%

n/a

CTXHA

Caltex Australia Limited


06-Sep-12

15-Sep-37

6.68%

Quarterly

03-Dec-15

15-Dec-15

$

575.96

$

7,537,704.81

72,423

328

1.31%

104.72

108.25

102.50

0.69%

-2.04%

-0.50%

n/a

110.00

97.26

1.21%

-4.71%

-2.32%

n/a n/a

CWNHA



17-Sep-12

14-Sep-72

7.18%

Quarterly

02-Dec-15

14-Dec-15

$

538.35

$

7,973,398.55

79,242

422

1.48%

101.20

CWNHB



24-Apr-15

23-Apr-75

6.18%

Quarterly

02-Dec-15

14-Dec-15

$

588.74

$

5,884,303.97

62,947

333

1.00%

93.45

100.25

87.50

1.91%

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

$

51.13

$

78,716.84

770

11

0.15%

102.26

106.00

101.50

0.65%

-1.67%

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

$

279.76

$

4,246,290.96

60,685

266

1.52%

69.94

86.50

68.50

-1.84%

-15.84%

6.70%

-13.12%

NABHA

National Australia Bank Limited

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

08-Jul-99

Perpetual

3.39%

Quarterly

27-Oct-15

16-Nov-15

$

1,366.00

$

15,266,302.10

222,981

1,046

1.12%

68.30

80.65

67.85

0.15%

-14.09%

-4.34%

-15.99%

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

$

1,196.67

$

15,119,956.23

148,224

573

1.26%

102.06

105.00

101.27

0.30%

-1.58%

ORGHA

Origin Energy Limited


23-Dec-11

22-Dec-71

6.18%

Quarterly

10-Dec-15

22-Dec-15

$

898.74

$

44,114,951.96

442,555

1,297

4.91%

99.86

104.10

93.32

6.23%

-2.49%

-3.80%

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

$

54.77

$

1,055,076.33

13,735

48

1.93%

76.56

80.00

75.01

0.08%

-1.26%

29.76%

7.68%

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

$

255.05

$

1,920,807.41

18,741

112

0.75%

102.02

106.72

98.00

-0.55%

-2.84%

0.86%

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

$

204.40

$

413,902.55

3,953

31

0.20%

105.00

110.00

102.00

0.96%

0.38%

1.79%

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

$

1,718.96

$

12,625,369.58

123,279

411

0.73%

102.55

104.85

101.01

0.24%

-1.51%

-0.92%

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

$

929.91

$

14,709,161.13

146,193

491

1.58%

100.50

103.40

99.70

0.10%

-1.86%

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

$

713.55

$

11,542,072.27

113,382

609

1.62%

101.90

105.67

100.70

0.62%

-2.67%

-3.96%

n/a

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