Short answer: Candour Capital's range has 55 Australian dollar bank and financial bonds with a fixed coupon of 6% or more, from Goldman Sachs, Barclays, BPCE, MUFG, Westpac, Challenger, UBS, Lloyds. Most are Tier 2 or AT1, or have long terms: a higher coupon usually means a lower ranking or longer money. The coupon is paid on face value; the yield you earn depends on the price you pay.
| Ranking | Bonds |
|---|---|
| Tier 2 | 39 |
| Senior unsecured | 6 |
| Additional Tier 1 (AT1) | 6 |
| Senior non-preferred | 3 |
| Subordinated | 1 |
| Bond | Ranking | Type | Coupon | Maturity | First call | Minimum |
|---|---|---|---|---|---|---|
| Goldman Sachs XS0910230670 | Senior unsecured | Fixed | 8.75% | 2043-04-17 | — | — |
| Barclays XS3298830863 | Additional Tier 1 (AT1) | Fixed | 8% | Perpetual | 2032-06-15 | A$250,000 |
| BPCE AU3CB0303717 | Senior non-preferred | Fixed, then floating | 7.624% | 2034-10-24 | 2033-10-24 | A$200,000 |
| MUFG XS3531960907 | Additional Tier 1 (AT1) | Fixed | 7.375% | Perpetual | 2032-01-15 | A$250,000 |
| Westpac AU3CB0304376 | Tier 2 | Fixed, then floating | 7.199% | 2038-11-15 | 2033-11-15 | A$100,000 |
| Challenger AU3CB0292324 | Tier 2 | Fixed, then floating | 7.186% | 2037-09-16 | 2027-09-16 | A$100,000 |
| BPCE AU3CB0335230 | Tier 2 | Fixed, then floating | 7.156% | 2041-05-27 | 2036-05-27 | A$200,000 |
| UBS CH1522231294 | Additional Tier 1 (AT1) | Fixed | 7.125% | Perpetual | 2032-08-13 | A$250,000 |
| Lloyds AU3CB0302115 | Tier 2 | Fixed, then floating | 7.086% | 2033-08-31 | 2028-08-31 | A$250,000 |
| Rabobank AU3CB0293348 | Tier 2 | Fixed, then floating | 7.074% | 2032-10-26 | 2027-10-26 | A$250,000 |
| Suncorp AU3FN0109666 | Additional Tier 1 (AT1) | Fixed | 7.043% | Perpetual | 2032-06-17 | A$100,000 |
| BNP Paribas FR0014014MD4 | Additional Tier 1 (AT1) | Fixed | 7% | Perpetual | 2031-06-02 | A$200,000 |
| Westpac AU3CB0300358 | Tier 2 | Fixed, then floating | 6.934% | 2038-06-23 | 2033-06-23 | A$100,000 |
| CBA AU3CB0293769 | Tier 2 | Fixed, then floating | 6.86% | 2032-11-09 | 2027-11-09 | A$200,000 |
| CBA XS2693786035 | Tier 2 | Fixed | 6.835% | 2038-09-27 | — | A$500,000 |
| APA AU3CB0334209 | Subordinated | Fixed, then floating | 6.772% | 2056-04-28 | 2033-07-28 | A$10,000 |
| Crédit Agricole FR001400CW87 | Tier 2 | Fixed | 6.75% | 2042-09-29 | — | A$200,000 |
| ANZ AU3CB0338481 | Tier 2 | Fixed | 6.749% | 2046-08-21 | — | A$100,000 |
| ANZ AU3CB0296671 | Tier 2 | Fixed, then floating | 6.736% | 2038-02-10 | 2033-02-10 | A$100,000 |
| CBA AU3CB0297653 | Tier 2 | Fixed, then floating | 6.704% | 2038-03-15 | 2033-03-15 | A$200,000 |
Check the ranking (senior, Tier 2, AT1), the first call date and maturity, and the yield at today's price. An older bond issued when rates were higher can carry a high coupon but trade above 100, so its yield is lower.
General information only. It does not take into account your objectives, financial situation or needs and is not a recommendation. Investment opportunities through Candour Capital are for wholesale and professional investors only. Read the offer documents and seek professional advice before investing.