Highlight of Recent Issuence

Westpac Banking

Fixed to Floating Rate Bond

5.754% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
03-Apr-2024
Coupon Frequency
Semi-Annually
Call Date
03-Apr-2029
Seniority
Subordinated Unsecured
Maturity Date
03-Apr-2034

HSBC

Fixed to Floating Rate Bond

6.211% p.a.

Issuer Rating
A+/- (Fitch/Moody's)
Issue Date
21-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
21-Mar-2029
Seniority
Subordinated Unsecured
Maturity Date
21-Mar-2034

Stockland

Fixed Rate Bond

6.10% p.a.

Issuer Rating
-/A3 (Fitch/Moody's)
Issue Date
12-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
12-Jun-2034
Seniority
Senior Unsecured
Maturity Date
12-Sep-2034

Aurizon

Fixed Rate Bond

6.10% p.a.

Issuer Rating
-/Baa1 (Fitch/Moody's)
Issue Date
12-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
12-Jun-2031
Seniority
Senior Unsecured
Maturity Date
12-Sep-2031

Westpac Banking

Fixed to Floating Rate Bond

5.754% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
03-Apr-2024
Coupon Frequency
Semi-Annually
Call Date
03-Apr-2029
Seniority
Subordinated Unsecured
Maturity Date
03-Apr-2034

HSBC

Fixed to Floating Rate Bond

6.211% p.a.

Issuer Rating
A+/- (Fitch/Moody's)
Issue Date
21-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
21-Mar-2029
Seniority
Subordinated Unsecured
Maturity Date
21-Mar-2034

Stockland

Fixed Rate Bond

6.10% p.a.

Issuer Rating
Nil
Issue Date
12-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
12-Jun-2034
Seniority
Senior Unsecured
Maturity Date
12-Sep-2034

Aurizon

Fixed Rate Bond

6.10% p.a.

Issuer Rating
-/Baa1 (Fitch/Moody's)
Issue Date
12-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
12-Jun-2031
Seniority
Senior Unsecured
Maturity Date
12-Sep-2031

Liberty Financial

Floating Rate Bond

3MBBSW+3.75% p.a.

Issuer Rating
Nil
Issue Date
08-Mar-2024
Coupon Frequency
Quarterly
Call Date
-
Seniority
Senior Unsecured
Maturity Date
08-Mar-2029

Brisbane Airport Corp

Fixed Rate Bond

5.90% p.a.

Issuer Rating
Nil
Issue Date
08-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Senior Unsecured
Maturity Date
08-Mar-2034

Lloyds Banking

Fixed to Floating Rate Bond

5.687% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
06-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Senior Unsecured
Maturity Date
06-Mar-2030

Perth Airport

Fixed Rate Bond

5.60% p.a.

Issuer Rating
Nil
Issue Date
05-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
05-Dec-2030
Seniority
Senior Secured
Maturity Date
05-Mar-2031

Liberty Financial

Floating Rate Bond

3MBBSW+3.75% p.a.

Issuer Rating
Nil
Issue Date
08-Mar-2024
Coupon Frequency
Quarterly
Call Date
-
Seniority
Senior Unsecured
Maturity Date
08-Mar-2029

Brisbane Airport Corp

Fixed Rate Bond

5.90% p.a.

Issuer Rating
Nil
Issue Date
08-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Senior Unsecured
Maturity Date
08-Mar-2034

Lloyds Banking

Fixed to Floating Rate Bond

5.687% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
06-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Senior Unsecured
Maturity Date
06-Mar-2030

Perth Airport

Fixed Rate Bond

5.60% p.a.

Issuer Rating
Nil
Issue Date
05-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
05-Dec-2030
Seniority
Senior Secured
Maturity Date
05-Mar-2031

Macquarie Group

Fixed to Floating Rate Bond

5.953% p.a.

Issuer Rating
A/Aa2 (Fitch/Moody's)
Issue Date
01-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
01-Mar-2029
Seniority
Subordinated Unsecured
Maturity Date
01-Mar-2034

Macquarie Group

Floating Rate Bond

3MBBSW+1.95% p.a.

Issuer Rating
A/Aa2 (Fitch/Moody's)
Issue Date
01-Mar-2024
Coupon Frequency
Quarterly
Call Date
01-Mar-2029
Seniority
Subordinated Unsecured
Maturity Date
01-Mar-2034

Santander Bank

Fixed Rate Bond

6.499% p.a.

Issuer Rating
A-/A2 (Fitch/Moody's)
Issue Date
23-Jan-2024
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Senior Non-Preferred
Maturity Date
23-Jan-2031

ANZ Banking

Floating Rate Bond

3MBBSW+1.95% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
16-Jan-2024
Coupon Frequency
Quarterly
Call Date
16-Jan-2029
Seniority
Subordinated Unsecured
Maturity Date
16-Jan-2034

Macquarie Group

Fixed to Floating Rate Bond

5.953% p.a.

Issuer Rating
A/Aa2 (Fitch/Moody's)
Issue Date
01-Mar-2024
Coupon Frequency
Semi-Annually
Call Date
01-Mar-2029
Seniority
Subordinated Unsecured
Maturity Date
01-Mar-2034

Macquarie Group

Floating Rate Bond

3MBBSW+1.95% p.a.

Issuer Rating
A/Aa2 (Fitch/Moody's)
Issue Date
01-Mar-2024
Coupon Frequency
Quarterly
Call Date
01-Mar-2029
Seniority
Subordinated Unsecured
Maturity Date
01-Mar-2034

Santander Bank

Fixed Rate Bond

6.499% p.a.

Issuer Rating
A-/A2 (Fitch/Moody's)
Issue Date
23-Jan-2024
Coupon Frequency
Semi-Annually
Call Date
-
Seniority
Senior Non-Preferred
Maturity Date
23-Jan-2031

ANZ Banking

Floating Rate Bond

3MBBSW+1.95% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
16-Jan-2024
Coupon Frequency
Quarterly
Call Date
16-Jan-2029
Seniority
Subordinated Unsecured
Maturity Date
16-Jan-2034

Westpac Banking

Fixed to Floating Rate Bond

7.199% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
15-Nov-2023
Coupon Frequency
Semi-Annually
Call Date
15-Nov-2033
Seniority
Subordinated Unsecured
Maturity Date
15-Nov-2038

AMP Limited

Floating Rate Bond

3MBBSW+3.15% p.a.

Issuer Rating
-/- (Fitch/Moody's)
Issue Date
09-Nov-2023
Coupon Frequency
Quarterly
Call Date
-
Seniority
Senior Unsecured
Maturity Date
09-Nov-2026

Lloyds Banking

Fixed to Floating Rate Bond

7.086% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
31-Aug-2023
Coupon Frequency
Semi-Annually
Call Date
31-Aug-2028
Seniority
Subordinated Unsecured
Maturity Date
31-Aug-2033

Westpac Banking

Fixed to Floating Rate Bond

6.934% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
23-Jun-2023
Coupon Frequency
Semi-Annually
Call Date
23-Jun-2033
Seniority
Subordinated Unsecured
Maturity Date
23-Jun-2038

Westpac Banking

Fixed to Floating Rate Bond

7.199% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
15-Nov-2023
Coupon Frequency
Semi-Annually
Call Date
15-Nov-2033
Seniority
Subordinated Unsecured
Maturity Date
15-Nov-2038

AMP Limited

Floating Rate Bond

3MBBSW+3.15% p.a.

Issuer Rating
-/- (Fitch/Moody's)
Issue Date
09-Nov-2023
Coupon Frequency
Quarterly
Call Date
-
Seniority
Senior Unsecured
Maturity Date
09-Nov-2026

Lloyds Banking

Fixed to Floating Rate Bond

7.086% p.a.

Issuer Rating
A/- (Fitch/Moody's)
Issue Date
31-Aug-2023
Coupon Frequency
Semi-Annually
Call Date
31-Aug-2028
Seniority
Subordinated Unsecured
Maturity Date
31-Aug-2033

Westpac Banking

Fixed to Floating Rate Bond

6.934% p.a.

Issuer Rating
A+/Aa2 (Fitch/Moody's)
Issue Date
23-Jun-2023
Coupon Frequency
Semi-Annually
Call Date
23-Jun-2033
Seniority
Subordinated Unsecured
Maturity Date
23-Jun-2038

How to participate in newly issued bond investment?

Applying for new bond issuance is one of the important ways for bond market investors to buy high-quality bonds at a low price to obtain capital gains. Due to the asymmetry of financial market information, most investors know little about the issuance process of new bonds, so they can only access the secondary bond market with higher premiums, and miss many precious investment possibilities.

To participate in the issuance of bonds in the primary market, even institutional investors must make a decision and submit the subscription amount within a few hours of “book building”. Once missed, they can only purchase in the secondary market and pay an additional premium. Due to the blocked information channel, individual investors often only learn information about new bonds after the new bond issuance.

Therefore, Candour’s Wechat Official Account will provide the indicative quotation and tentative issuance date of the new debt to you after the “Roadshow” and decision of issuing the new debt before the “bookkeeping” to break the information asymmetry and let you prepare in advance to purchase your wanted bonds.