Bond Opportunities

Bonds provide exposure to fixed income opportunities issued by governments, financial institutions and corporates. They may offer regular coupon payments, defined maturity terms and varying levels of capital stability depending on the issuer, structure and market conditions.

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Product Purpose

Bonds may play a role in portfolio construction by supporting income generation, capital allocation over defined timeframes and diversification across issuers, sectors or currencies.

The risk and return profile of each bond depends on factors such as issuer credit quality, maturity, coupon structure, ranking, currency and prevailing market conditions.

How Bonds Work

When an investor purchases a bond, they are effectively lending money to an issuer in return for periodic interest payments and repayment of principal at maturity, subject to the issuer’s ability to meet its obligations.

Bond returns may come from coupon income, price movements or a combination of both.

Bond prices may also fluctuate before maturity due to changes in interest rates, credit spreads, issuer credit quality, liquidity and broader market conditions.

Risk and Suitability Considerations

Bond investments are not capital guaranteed unless explicitly stated in the relevant documentation.

Investors should consider issuer credit risk, interest rate risk, liquidity risk, currency risk and the specific terms of each bond.

Bonds may be suitable for wholesale or professional investors who:

● Seek income potential as part of a diversified portfolio
● Require defined maturity exposure for part of their capital
● Understand issuer credit risk and market price movements
● Can review and assess fixed income documentation

Investors should also consider how a bond’s issuer, currency, maturity profile and coupon structure align with their broader portfolio objectives, income requirements and liquidity needs.

Key Characteristics

These characteristics can vary meaningfully between bond opportunities and should be reviewed alongside the relevant term sheet, issuer information and investment documentation.
Income potential
Defined term

Most bonds have a stated maturity date, although certain structures may include call features, early redemption terms or other conditions.

Credit exposure
Market sensitivity
Currency exposure

Browse Bond Opportunities

When reviewing bonds, investors should consider more than the headline coupon rate. Key factors include the issuer, credit rating, ranking in the capital structure, coupon type, payment frequency, currency, maturity date and any call features. These details can influence both the income profile and the level of capital risk associated with the investment.

Candour Capital presents selected bond opportunities with these core features clearly outlined, helping eligible wholesale and professional investors and advisers compare available options more effectively. Each bond should be assessed in the context of the investor’s portfolio objectives, liquidity needs, risk tolerance and investment timeframe.

Fixed to Floating Rate Bond

NAB

AUD Fixed to Floating Rate Semi-Annual Payment
5.774% p.a.
Issuer Rating | Aa2/AA- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 30-Jul-2025
  • Maturity Date: 30-Jul-2040
  • Call Date: 30-Jul-2035
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Fixed to Floating Rate Bond

ANZ Banking

AUD Fixed to Floating Rate Semi-Annual Payment
5.691% p.a.
Issuer Rating | Aa2/AA- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 14-Aug-2025
  • Maturity Date: 14-Aug-2040
  • Call Date: 14-Aug-2035
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Fixed Rate Bond

ANZ Banking

AUD Fixed Rate Semi-Annual Payment
6.171% p.a.
Issuer Rating | Aa2/AA- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 14-Aug-2025
  • Maturity Date: 14-Aug-2045
  • Call Date: -
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Fixed to Floating Rate Bond

HSBC

AUD Fixed to Floating Rate Semi-Annual Payment
5.642% p.a.
Issuer Rating | A3/A- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 28-Aug-2025
  • Maturity Date: 28-Aug-2036
  • Call Date: 28-Aug-2035
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Fixed Rate Bond

Électricité de France

AUD Fixed Rate Semi-Annual Payment
6.627% p.a.
Issuer Rating | Baa1/BBB (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 28-Aug-2025
  • Maturity Date: 28-Aug-2045
  • Call Date: 28-Feb-2045
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Fixed Rate Bond

AGL Energy Limited

AUD Fixed Rate Semi-Annual Payment
5.770% p.a.
Issuer Rating | Baa2 (Moody's)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 30-Sep-2025
  • Maturity Date: 30-Sep-2035
  • Call Date: -
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Perpetual Bond

UBS

Additional Tier 1 AUD Semi-Annual Payment
6.375% p.a.
Issuer Rating | A2/A- (Moody's/S&P)
  • Payment: Semi-Annually
  • Additional Tier 1
  • Issue Date: 29-Sep-2025
  • Maturity Date: Perpetual
  • Call Date: 29-Sep-2030
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Fixed to Floating Rate Bond

Ampol Limited

AUD Fixed to Floating Rate Semi-Annual Payment
5.850% p.a.
Issuer Rating | Baa1 (Moody's)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 30-Oct-2025
  • Maturity Date: 30-Oct-2055
  • Call Date: 30-Jan-2034
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Fixed to Floating Rate Bond

Westpac Banking

AUD Fixed Rate Semi-Annual Payment
6.135% p.a.
Issuer Rating | Aa2/AA- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 13-Nov-2025
  • Maturity Date: 13-Nov-2045
  • Call Date: -
Get Started
Perpetual Bond

BNP Paribas

Additional Tier 1 AUD Semi-Annual Payment
7.00% p.a.
Issuer Rating | A1/A+ (Moody's/S&P)
  • Payment: Semi-Annually
  • Additional Tier 1
  • Issue Date: 2-Dec-2025
  • Maturity Date: Perpetual
  • Call Date: 2-Jun-2031
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Fixed to Floating Rate Bond

AusNet

AUD Fixed to Floating Rate Semi-Annual Payment
6.4956% p.a.
Issuer Rating | Baa3/BBB- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 4-Feb-2026
  • Maturity Date: 4-Feb-2056
  • Call Date: 4-Feb-2036
Get Started
Fixed to Floating Rate Bond

Westpac Banking

AUD Fixed to Floating Rate Semi-Annual Payment
6.085% p.a.
Issuer Rating | Aa2/AA- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 12-Feb-2026
  • Maturity Date: 12-Feb-2041
  • Call Date: 12-Feb-2036
Get Started
Fixed to Floating Rate Bond

Crédit Agricole

AUD Fixed to Floating Rate Semi-Annual Payment
6.447% p.a.
Issuer Rating | A1/A+ (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 13-Feb-2026
  • Maturity Date: 13-Feb-2041
  • Call Date: 13-Feb-2036
Get Started
Perpetual Bond

UBS

Additional Tier 1 AUD Semi-Annual Payment
7.125% p.a.
Issuer Rating | A2/A- (Moody's/S&P)
  • Payment: Semi-Annually
  • Additional Tier 1
  • Issue Date: 13-Feb-2026
  • Maturity Date: Perpetual
  • Call Date: 13-Aug-2032
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Fixed Coupon Bond

Commonwealth Bank

AUD Fixed Rate Semi-Annual Payment
6.40% p.a.
Issuer Rating | Aa2/AA- (Moody's/S&P)
  • Payment: Semi-Annually
  • Subordinated Unsecured
  • Issue Date: 05/03/2026
  • Maturity Date: 05/03/2046
  • Call Date: -
Get Started

No bond products found in this category.

No bond products found in this category.

Frequently Asked Questions

Are bonds capital guaranteed?
How do interest rates affect bond prices?

In general, when market interest rates rise, the price of existing fixed rate bonds tends to fall. When rates fall, bond prices may rise. The sensitivity will vary depending on the bond’s maturity, coupon structure and duration.

What types of issuers may be available?
Who are bond opportunities intended for?
What information can I receive after enquiring?

Investors may also review general fixed income education and bond market information from trusted market sources such as ASX.

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