Short answer: Candour Capital's range has 8 perpetual and Additional Tier 1 (AT1) bonds in Australian dollars, from UBS, ANZ NZ, BNP Paribas, MUFG, Barclays, Suncorp, QBE. They have no maturity date: the issuer can repay them at call dates, or not. AT1 distributions can be cancelled, and the bonds can be converted into shares or written off, so they carry much more risk than Tier 2 or senior bonds.
| Bond | Ranking | Type | Coupon | Maturity | First call | Minimum |
|---|---|---|---|---|---|---|
| UBS CH1485827070 | Additional Tier 1 (AT1) | Fixed | 6.375% | Perpetual | 2030-09-29 | A$250,000 |
| ANZ NZ AU3FN0091583 | Additional Tier 1 (AT1) | Floating | BBSW + 2.95% | Perpetual | 2030-10-18 | A$100,000 |
| BNP Paribas FR0014014MD4 | Additional Tier 1 (AT1) | Fixed | 7% | Perpetual | 2031-06-02 | A$200,000 |
| MUFG XS3531960907 | Additional Tier 1 (AT1) | Fixed | 7.375% | Perpetual | 2032-01-15 | A$250,000 |
| Barclays XS3298830863 | Additional Tier 1 (AT1) | Fixed | 8% | Perpetual | 2032-06-15 | A$250,000 |
| Suncorp AU3FN0109666 | Additional Tier 1 (AT1) | Fixed | 7.043% | Perpetual | 2032-06-17 | A$100,000 |
| UBS CH1522231294 | Additional Tier 1 (AT1) | Fixed | 7.125% | Perpetual | 2032-08-13 | A$250,000 |
| QBE AU3FN0110086 | Additional Tier 1 (AT1) | Floating | BBSW + 2.50% | Perpetual | 2033-05-19 | A$100,000 |
Only wholesale investors who understand the terms and can accept missed distributions and loss of capital. APRA is phasing out AT1 for Australian banks from 2027; most AT1 on our range is issued by overseas banks and insurers.
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.