ASX Listed Debt & Hybrid Securities Rate Sheet (as at close 28/02/2017)

Forward this report to a collegue

ISSUE CURRENT PRICING FRANKED RESET/MATURITY FLOATING MARGIN CURRENT COUPON TRADING

Security Name ISIN ASX CodeIssue Size

($m)Last Price

AccruedInterest

CapitalPrice

RunningYield

TradingMargin

Yield toMaturity

FrankingSwap Rateto Reset /Maturity

Reset /Maturity

Date

Years toReset /

Maturity

CouponMargin

Step-upMargin

CurrentRate (%)

PaymentFrequency

CashAmount

Ex-dateNext

CouponPayment

TradedVolume

Capital Note

Floating

AMP Subordinated Notes 2 AU0000AMPHA9 AMPHA 325.0 $102.45 $0.86 $101.59 4.37% +1.74% 3.85% - 2.10% 18 Dec 18 1.8 +2.65% - 4.44% Q $1.11 9 Mar 17 20 Mar 17 29

AMP Capital Notes AU0000AMPPA2 AMPPA 267.5 $106.64 $1.29 $105.36 6.54% +3.80% 6.33% 90.0% 2.52% 22 Dec 21 4.8 +5.10% - 6.90% Q $1.70 13 Mar 17 22 Mar 17 4,329

ANZ Capital Notes AU0000ANZPD3 ANZPD 1,120.0 $98.98 -$0.02 $99.00 5.38% +3.66% 6.15% 100.0% 2.49% 1 Sep 21 4.5 +3.40% - 5.33% S $2.64 20 Feb 17 1 Mar 17 19,681

ANZ Capital Notes 2 AU0000ANZPE1 ANZPE 1,610.0 $99.50 $2.21 $97.29 5.36% +3.89% 6.45% 100.0% 2.56% 24 Mar 22 5.1 +3.25% - 5.21% S $2.56 15 Mar 17 24 Mar 17 10,419

ANZ Capital Notes 3 AU0000ANZPF8 ANZPF 970.0 $100.50 $2.36 $98.14 5.67% +3.98% 6.64% 100.0% 2.66% 24 Mar 23 6.1 +3.60% - 5.56% S $2.73 15 Mar 17 24 Mar 17 5,377

ANZ Capital Notes 4 AU0000ANZPG6 ANZPG 1,622.0 $104.82 $1.25 $103.58 6.27% +4.06% 6.81% 100.0% 2.75% 20 Mar 24 7.1 +4.70% - 6.49% Q $1.60 9 Mar 17 20 Mar 17 17,094

Bendigo Floating Rate Capital Notes AU0000BENHB7 BENHB 75.0 $70.00 -$0.02 $70.02 3.94% +2.80% 5.99% - 3.19% - - +1.00% - 2.76% Q $0.70 14 Feb 17 2 Mar 17 49

Challenger Capital Notes AU0000CGFPA1 CGFPA 345.0 $99.00 $0.01 $98.99 5.23% +3.75% 6.06% 100.0% 2.32% 25 May 20 3.2 +3.40% - 5.18% Q $1.23 4 May 17 25 May 17 8,741

Challenger Capital Notes 2 AU0000CGFPB2 CGFPB 350.0 $100.00 $0.00 $100.00 7.17% +4.50% 7.17% 100.0% 2.67% 22 May 23 6.2 +4.50% - 7.17% Q $2.36 3 Aug 17 22 Aug 17 -

IAG Capital Notes AU0000IAGPD3 IAGPD 350.0 $104.40 $1.21 $103.19 6.51% +4.08% 6.75% 100.0% 2.68% 15 Jun 23 6.3 +4.70% - 6.71% Q $1.48 6 Mar 17 15 Mar 17 2,078

Macquarie Group Capital Notes AU0000MQGPA7 MQGPA 600.0 $102.65 $1.37 $101.28 5.93% +2.98% 5.02% 45.0% 2.04% 7 Jun 18 1.3 +4.00% - 6.00% S $2.99 29 May 17 7 Jun 17 2,579

Macquarie Bank Capital Notes AU0000MBLPA9 MBLPA 429.4 $101.32 $2.23 $99.09 5.31% +3.64% 5.93% 45.0% 2.30% 24 Mar 20 3.1 +3.30% - 5.26% S $2.58 15 Mar 17 24 Mar 17 5,287

Macquarie Group Capital Notes 2 AU0000MQGPB5 MQGPB 531.0 $107.50 $3.15 $104.35 6.81% +4.12% 6.68% 45.0% 2.56% 17 Mar 22 5.0 +5.15% - 7.11% S $3.48 8 Mar 17 17 Mar 17 5,972

NAB Capital Notes AU0000NABPC6 NABPC 1,340.0 $100.80 $0.97 $99.83 5.30% +3.56% 5.85% 100.0% 2.29% 23 Mar 20 3.1 +3.50% - 5.29% Q $1.30 14 Mar 17 23 Mar 17 6,322

NAB Capital Notes 2 AU0000NABPD4 NABPD 1,498.9 $105.98 $0.92 $105.06 6.41% +3.83% 6.41% 100.0% 2.58% 7 Jul 22 5.4 +4.95% - 6.73% Q $1.62 29 Mar 17 7 Apr 17 5,274

PERLS VIII AU0000CBAPE5 CBAPE 1,450.0 $106.81 $1.43 $105.38 6.62% +3.83% 6.33% 100.0% 2.50% 15 Oct 21 4.6 +5.20% - 6.98% Q $1.72 6 Mar 17 15 Mar 17 5,907

PERLS IX AU0000CBAPF5 CBAPF 750.0 $100.00 $0.00 $100.00 5.68% +3.90% 6.45% 100.0% 2.55% 31 Mar 22 5.1 +3.90% - 5.68% Q $1.18 25 May 17 15 Jun 17 -

PERLS VII AU0000CBAPD7 CBAPD 3,000.0 $95.68 $0.94 $94.74 4.83% +3.90% 6.52% 100.0% 2.63% 15 Dec 22 5.8 +2.80% - 4.58% Q $1.13 6 Mar 17 15 Mar 17 25,478

Suncorp Subordinated Notes AU0000SUNPD6 SUNPD 770.0 $102.43 $0.08 $102.35 4.52% +1.44% 3.54% - 2.10% 22 Nov 18 1.7 +2.85% - 4.63% Q $1.13 11 May 17 22 May 17 13,371

Suncorp Floating Rate Capital Notes (FRCN) AU0000SBKHB3 SBKHB 200.0 $74.00 -$0.05 $74.05 3.39% +2.15% 5.41% - 3.25% - - +0.75% - 2.51% Q $0.63 14 Feb 17 2 Mar 17 100

Westpac Capital Notes AU0000WBCPD1 WBCPD 1,383.6 $100.75 -$0.11 $100.86 4.92% +2.75% 4.89% 100.0% 2.13% 8 Mar 19 2.0 +3.20% - 4.97% Q $1.22 27 Feb 17 8 Mar 17 10,972

Westpac Capital Notes 3 AU0000WBCPF6 WBCPF 1,320.0 $102.00 $1.08 $100.92 5.74% +3.74% 6.18% 100.0% 2.43% 22 Mar 21 4.1 +4.00% - 5.79% Q $1.43 13 Mar 17 22 Mar 17 6,796

Westpac Capital Notes 4 AU0000WBCPG4 WBCPG 1,700.0 $105.89 $1.09 $104.80 6.39% +3.69% 6.21% 100.0% 2.52% 20 Dec 21 4.8 +4.90% - 6.70% Q $1.65 21 Mar 17 30 Mar 17 6,547

Westpac Capital Notes 2 AU0000WBCPE9 WBCPE 1,310.6 $97.20 $0.89 $96.31 5.04% +3.85% 6.45% 100.0% 2.60% 23 Sep 22 5.6 +3.05% - 4.86% Q $1.20 14 Mar 17 23 Mar 17 6,707

Convertible Bonds

Fixed

AFIC 6.25% Convertible Notes AU00000AFIG7 AFIG 222.1 $99.50 - $99.50 - - - - - - - - - 6.25% S $3.10 17 Feb 17 28 Feb 17 300

Convertible Preference Share

Floating

ANZ Convertible Preference Shares 3 AU0000ANZPC5 ANZPC 1,340.0 $100.68 -$0.01 $100.69 5.48% +2.15% 4.14% 100.0% 1.99% 1 Sep 17 0.5 +3.10% - 5.52% S $2.49 13 Feb 17 1 Mar 17 6,411

Bank of Queensland Convertible Preference Shares AU0000BOQPD8 BOQPD 300.0 $105.15 $2.60 $102.55 6.91% +2.79% 4.82% 100.0% 2.03% 15 Apr 18 1.1 +5.10% - 7.09% S $3.55 6 Apr 17 18 Apr 17 1,759

Bendigo Convertible Preference Shares AU0000BENPD6 BENPD 268.9 $103.61 $1.48 $102.13 6.85% +2.27% 4.27% 100.0% 2.00% 13 Dec 17 0.8 +5.00% - 7.00% S $3.49 25 May 17 13 Jun 17 1,904

Bendigo Convertible Preference Shares 2 AU0000BENPE4 BENPE 292.1 $98.45 $1.29 $97.17 5.36% +4.07% 6.47% 100.0% 2.40% 30 Nov 20 3.8 +3.20% - 5.21% S $2.58 17 May 17 30 May 17 4,657

Bendigo Convertible Preference Shares 3 AU0000BENPF1 BENPF 288.2 $100.80 $1.23 $99.57 6.03% +4.13% 6.59% 100.0% 2.47% 15 Jun 21 4.3 +4.00% - 6.00% S $2.99 1 Jun 17 15 Jun 17 3,690

IAG Convertible Preference Shares AU0000IAGPC5 IAGPC 377.4 $102.15 $1.95 $100.20 8.53% +2.97% 4.70% 100.0% 1.74% 1 May 17 0.2 +4.00% - 8.54% S $2.97 1 May 17 1 May 17 767

NAB Convertible Preference Shares AU0000NABPA0 NABPA 1,514.3 $100.75 $0.96 $99.79 5.00% +3.31% 5.45% 100.0% 2.14% 20 Mar 19 2.1 +3.20% - 4.99% Q $1.23 1 Mar 17 20 Mar 17 21,046

NAB Convertible Preference Shares 2 AU0000NABPB8 NABPB 1,717.2 $98.19 -$0.23 $98.42 5.12% +3.72% 6.12% 100.0% 2.40% 17 Dec 20 3.8 +3.25% - 5.04% Q $1.21 28 Feb 17 17 Mar 17 20,813

Page 1 of 5© BondAdviser 2016. All Rights Reserved.

ISSUE CURRENT PRICING FRANKED RESET/MATURITY FLOATING MARGIN CURRENT COUPON TRADING

Security Name ISIN ASX CodeIssue Size

($m)Last Price

AccruedInterest

CapitalPrice

RunningYield

TradingMargin

Yield toMaturity

FrankingSwap Rateto Reset /Maturity

Reset /Maturity

Date

Years toReset /

Maturity

CouponMargin

Step-upMargin

CurrentRate (%)

PaymentFrequency

CashAmount

Ex-dateNext

CouponPayment

TradedVolume

Suncorp Convertible Preference Shares II AU0000SUNPC8 SUNPC 560.0 $103.10 $1.25 $101.85 6.32% +2.29% 4.28% 100.0% 2.00% 17 Dec 17 0.8 +4.65% - 6.44% Q $1.55 9 Mar 17 17 Mar 17 12,030

Suncorp Convertible Preference Shares III AU0000SUNPE4 SUNPE 400.0 $101.90 $1.01 $100.89 5.14% +3.11% 5.43% 100.0% 2.32% 17 Jun 20 3.3 +3.40% - 5.19% Q $1.25 2 Mar 17 17 Mar 17 1,268

Westpac Convertible Preference Shares AU0000WBCPC3 WBCPC 1,189.4 $103.20 $2.16 $101.05 5.16% +2.27% 4.29% 100.0% 2.02% 31 Mar 18 1.1 +3.25% - 5.21% S $2.60 22 Mar 17 31 Mar 17 10,955

Corporate Bonds

Fixed

AGL 5.00% 2021 (XTB) AU000YTMAGL5 YTMAGL 600.0 $107.68 $1.59 $106.09 4.71% +1.06% 3.57% - 2.52% 5 Nov 21 4.7 - - 5.00% S $2.50 28 Apr 17 5 May 17 321

Alumina 7.25% 2019 (XTB) AU000YTMAWC1 YTMAWC 125.0 $106.48 $2.02 $104.46 6.94% +3.21% 5.46% - 2.24% 19 Nov 19 2.7 - 1.75% 7.25% S $3.63 12 May 17 19 May 17 385

APA Group 7.75% 2020 (XTB) AU000YTMAPA9 YTMAPA 300.0 $116.18 $0.79 $115.38 6.72% +0.61% 2.96% - 2.34% 22 Jul 20 3.4 - - 7.75% S $3.88 15 Jul 17 22 Jul 17 -

Aurizon 5.75% Oct 2020 (XTB) AU000YTMAZJ9 YTMAZJ 525.0 $110.48 $1.94 $108.54 5.30% +0.87% 3.26% - 2.38% 28 Oct 20 3.7 - - 5.75% S $2.88 14 Apr 17 28 Apr 17 180

Ausnet 5.75% 2022 (XTB) AU000YTMAST3 YTMAST 305.0 $112.92 $0.98 $111.94 5.14% +0.70% 3.29% - 2.59% 28 Jun 22 5.3 - - 5.75% S $2.88 21 Jun 17 28 Jun 17 -

Bank of Queensland 4.00% 2019 (XTB) AU000YTMBOQ6 YTMBOQ 200.0 $103.01 $0.86 $102.15 3.92% +0.24% 2.29% - 2.05% 12 Jun 18 1.3 - - 4.00% S $2.00 5 Jun 17 12 Jun 17 -

BHP 3.75% Oct 2017 (XTB) AU000YTMBHP2 YTMBHP 1,000.0 $102.46 $1.37 $101.09 3.71% +0.01% 2.01% - 1.99% 18 Oct 17 0.6 - - 3.75% S $1.88 4 Apr 17 18 Apr 17 194

BHP 3.00% 2020 (XTB) AU000YTMBH13 YTMBH1 1,000.0 $102.98 $1.25 $101.73 2.95% +0.12% 2.42% - 2.30% 30 Mar 20 3.1 - - 3.00% S $1.50 23 Mar 17 30 Mar 17 -

Caltex 7.25% 2018 (XTB) AU000YTMCTX9 YTMCTX 150.0 $109.86 $1.94 $107.91 6.72% +0.45% 2.55% - 2.10% 23 Nov 18 1.7 - - 7.25% S $3.63 16 May 17 23 May 17 -

Coca Cola 4.25% 2019 (XTB) AU000YTMCCA3 YTMCCA 150.0 $105.35 $1.26 $104.10 4.08% +0.43% 2.67% - 2.24% 13 Nov 19 2.7 - - 4.25% S $2.13 6 May 17 13 May 17 -

Crown 5.75% Jul 2017 (XTB) AU000YTMCWN4 YTMCWN 300.0 $101.92 $0.65 $101.27 5.68% +0.54% 2.43% - 1.89% 18 Jul 17 0.4 - - 5.75% S $2.88 11 Jul 17 18 Jul 17 -

DEXUS 5.75% Sep 2018 (XTB) AU000YTMDXS9 YTMDXS 205.0 $107.74 -$0.16 $107.90 5.33% -1.53% 0.55% - 2.08% 10 Sep 18 1.5 - - 5.75% S $2.88 28 Aug 17 11 Sep 17 -

Downer 5.75% 2018 (XTB) AU000YTMDOW0 YTMDOW 150.0 $105.47 $1.45 $104.02 5.53% +1.26% 3.36% - 2.10% 29 Nov 18 1.8 - - 5.75% S $2.88 22 May 17 29 May 17 -

Downer 4.50% 2022 (XTB) AU000YTMDO12 YTMDO1 250.0 $103.50 $2.11 $101.38 4.44% +1.64% 4.19% - 2.56% 11 Mar 22 5.0 - - 4.50% S $2.25 2 Mar 17 16 Mar 17 737

GPT 6.75% 2019 (XTB) AU000YTMGPT6 YTMGPT 250.0 $108.76 $0.65 $108.11 6.24% +0.24% 2.37% - 2.12% 24 Jan 19 1.9 - - 6.75% S $3.38 10 Jul 17 24 Jul 17 -

Heritage Bank Retail Bonds AU0000HBSHB9 HBSHB 227.5 $102.40 $1.39 $101.01 7.18% +2.07% 3.89% - 1.82% 20 Jun 17 0.3 - - 7.25% Q $1.79 9 Mar 17 20 Mar 17 1,260

Incitec Pivot 5.75% Feb 2019 (XTB) AU000YTMIPL9 YTMIPL 200.0 $105.22 $0.11 $105.11 5.47% +0.94% 3.07% - 2.13% 21 Feb 19 2.0 - - 5.75% S $2.88 7 Aug 17 21 Aug 17 -

Lend Lease 5.50% Nov 2018 (XTB) AU000YTMLLC1 YTMLLC 250.0 $106.21 $1.63 $104.58 5.26% +0.63% 2.73% - 2.10% 13 Nov 18 1.7 - - 5.50% S $2.75 29 Apr 17 13 May 17 240

Lend Lease 6.00% May 2020 (XTB) AU000YTMLL15 YTMLL1 225.0 $109.57 $1.77 $107.80 5.57% +1.09% 3.41% - 2.32% 13 May 20 3.2 - - 6.00% S $3.00 29 Apr 17 13 May 17 6,810

Mirvac 5.50% 2017 (XTB) AU000YTMMG11 YTMMG1 200.0 $103.66 $1.09 $102.57 5.36% +0.24% 2.24% - 2.00% 18 Dec 17 0.8 - - 5.50% S $2.75 11 Jun 17 18 Jun 17 -

Mirvac 5.75% Sep 2020 (XTB) AU000YTMMGR7 YTMMGR 200.0 $111.72 $2.59 $109.13 5.27% +0.65% 3.02% - 2.37% 18 Sep 20 3.6 - - 5.75% S $2.88 4 Mar 17 18 Mar 17 -

NAB 4.25% 2019 (XTB) AU000YTMNAB2 YTMNAB 500.0 $105.46 $1.17 $104.29 4.08% +0.09% 2.26% - 2.17% 20 May 19 2.2 - - 4.25% S $2.13 13 May 17 20 May 17 -

Novion 5.00% Dec 2019 (XTB) AU000YTMNVN3 YTMNVN 250.0 $107.25 $0.98 $106.28 4.70% +0.40% 2.66% - 2.26% 19 Dec 19 2.8 - - 5.00% S $2.50 5 Jun 17 19 Jun 17 -

Peet Bonds AU0000PPCHA8 PPCHA 100.0 $105.00 $1.53 $103.48 7.25% +3.98% 6.45% - 2.47% 7 Jun 21 4.3 - - 7.50% S $3.75 7 Jun 17 16 Jun 17 987

Qantas 6.50% 2020 (XTB) AU000YTMQF18 YTMQF1 250.0 $111.47 $2.21 $109.26 5.95% +1.07% 3.38% - 2.31% 27 Apr 20 3.2 - - 6.50% S $3.25 20 Apr 17 27 Apr 17 -

Qantas 7.50% 2021 (XTB) AU000YTMQF26 YTMQF2 400.0 $116.93 $1.63 $115.30 6.50% +1.14% 3.61% - 2.47% 11 Jun 21 4.3 - - 7.50% S $3.75 4 Jun 17 11 Jun 17 1,200

Qantas 7.75% 2022 (XTB) AU000YTMQF34 YTMQF3 300.0 $120.97 $2.16 $118.81 6.52% +1.17% 3.75% - 2.58% 19 May 22 5.2 - - 7.75% S $3.88 12 May 17 19 May 17 624

Scentre Group 5.00% Oct 2019 (XTB) AU000YTMSCG6 YTMSCG 150.0 $107.17 $1.76 $105.41 4.74% +0.63% 2.86% - 2.23% 23 Oct 19 2.6 - - 5.00% S $2.50 9 Apr 17 23 Apr 17 -

Stockland 5.50% Sep 2019 (XTB) AU000YTMSGP8 YTMSGP 150.0 $106.83 -$0.09 $106.92 5.14% +0.43% 2.64% - 2.21% 6 Sep 19 2.5 - - 5.50% S $2.75 23 Feb 17 9 Mar 17 -

Stockland 8.25% Nov 2020 (XTB) AU000YTMSG15 YTMSG1 160.0 $121.11 $2.17 $118.94 6.94% +0.47% 2.87% - 2.40% 25 Nov 20 3.7 - - 8.25% S $4.13 11 May 17 25 May 17 -

Sydney Airport 7.75% 2018 (XTB) AU000YTMSYD7 YTMSYD 100.0 $108.24 $1.14 $107.11 7.24% +0.33% 2.38% - 2.05% 6 Jul 18 1.4 - - 7.75% S $3.88 29 Jun 17 6 Jul 17 -

Telstra 7.75% Jul 2020 (XTB) AU000YTMTLS0 YTMTLS 500.0 $117.83 $0.94 $116.89 6.63% +0.16% 2.50% - 2.34% 15 Jul 20 3.4 - - 7.75% S $3.88 1 Jul 17 15 Jul 17 -

Wesfarmers 6.25% Mar 2019 (XTB) AU000YTMWES9 YTMWES 500.0 $110.34 $2.64 $107.70 5.80% +0.28% 2.42% - 2.15% 28 Mar 19 2.1 - - 6.25% S $3.13 14 Mar 17 28 Mar 17 -

Wesfarmers 4.75% Mar 2020 (XTB) AU000YTMWE11 YTMWE1 350.0 $108.33 $2.22 $106.11 4.48% +0.35% 2.64% - 2.29% 12 Mar 20 3.0 - - 4.75% S $2.38 2 Mar 17 17 Mar 17 183

Woolworths 6.00% Mar 2019 (XTB) AU000YTMWOW0 YTMWOW 500.0 $109.75 $2.65 $107.10 5.60% +0.30% 2.44% - 2.14% 21 Mar 19 2.1 - - 6.00% S $3.00 7 Mar 17 21 Mar 17 406

Floating

AMP FRN 0.87% 2018 (XTB) AU000YTMF010 YTMF01 500.0 $100.38 -$0.04 $100.42 2.63% +0.53% 2.57% - 2.04% 6 Jun 18 1.3 +0.87% - 2.64% Q $0.65 27 Feb 17 6 Mar 17 124

Australian Unity Bonds AU0000AYUHB2 AYUHB 250.0 $105.10 $0.54 $104.56 4.38% +1.45% 3.85% - 2.40% 15 Dec 20 3.8 +2.80% - 4.58% Q $1.15 7 Apr 17 18 Apr 17 596

Bank of Queensland FRN 1.00% 2018 (XTB) AU000YTMF036 YTMF03 300.0 $101.08 $0.59 $100.49 2.76% +0.62% 2.66% - 2.04% 12 Jun 18 1.3 +1.00% - 2.77% Q $0.69 5 Mar 17 13 Mar 17 123

Bentham IMF Bonds AU0000IMFHA3 IMFHA 50.0 $102.00 $0.91 $101.09 5.94% +3.70% 5.89% - 2.19% 30 Jun 19 2.3 +4.20% - 6.00% Q $1.48 30 Mar 17 10 Apr 17 301

NAB FRN 0.88% 2018 (XTB) AU000YTMF044 YTMF04 1,500.0 $100.97 $0.15 $100.83 2.63% +0.38% 2.47% - 2.09% 8 Nov 18 1.7 +0.88% - 2.65% Q $0.65 19 Apr 17 8 May 17 500

NAB FRN 0.85% 2019 (XTB) AU000YTMF051 YTMF05 1,900.0 $100.89 $0.06 $100.83 2.61% +0.47% 2.63% - 2.16% 20 May 19 2.2 +0.85% - 2.63% Q $0.66 1 May 17 22 May 17 124

Suncorp FRN 1.10% 2019 (XTB) AU000YTMF069 YTMF06 750.0 $101.23 $0.28 $100.95 2.85% +0.65% 2.80% - 2.15% 23 Apr 19 2.1 +1.10% - 2.88% Q $0.72 16 Apr 17 24 Apr 17 615

Tatts Bonds AU0000TTSHA8 TTSHA 194.7 $104.50 $0.72 $103.78 4.71% +1.42% 3.60% - 2.18% 5 Jul 19 2.3 +3.10% - 4.89% Q $1.21 27 Mar 17 5 Apr 17 188

Page 2 of 5© BondAdviser 2016. All Rights Reserved.

ISSUE CURRENT PRICING FRANKED RESET/MATURITY FLOATING MARGIN CURRENT COUPON TRADING

Security Name ISIN ASX CodeIssue Size

($m)Last Price

AccruedInterest

CapitalPrice

RunningYield

TradingMargin

Yield toMaturity

FrankingSwap Rateto Reset /Maturity

Reset /Maturity

Date

Years toReset /

Maturity

CouponMargin

Step-upMargin

CurrentRate (%)

PaymentFrequency

CashAmount

Ex-dateNext

CouponPayment

TradedVolume

Preference Shares

Floating

IAG Perpetual Reset Exchangeable Notes AU00000IANG1 IANG 550.0 $104.09 $1.19 $102.90 5.61% +2.88% 5.13% 100.0% 2.25% 15 Dec 19 2.8 +1.20% 2.80% 5.78% Q $1.42 6 Mar 17 15 Mar 17 4,146

Multiplex SITES AU0000MXUPA4 MXUPA 450.0 $75.50 $0.94 $74.56 7.66% +6.32% 9.53% - 3.21% - - +3.90% - 5.72% Q $1.42 22 Mar 17 31 Mar 17 717

Nufarm Subordinated Step-Up Securities (NSS) NZFCND0004S9 NFNG 251.0 $87.95 $2.15 $85.80 6.86% +5.08% 8.29% - 3.22% - - +3.90% - 5.89% S $2.94 6 Apr 17 18 Apr 17 247

PERLS VI AU0000CBAPC9 CBAPC 2,000.0 $102.85 $1.15 $101.71 5.48% +2.80% 4.91% 100.0% 2.10% 15 Dec 18 1.8 +3.80% - 5.58% Q $1.37 6 Mar 17 15 Mar 17 14,867

Ramsay CARES AU0000RHCPA4 RHCPA 260.0 $105.40 $2.46 $102.95 6.64% +4.62% 7.84% 100.0% 3.22% - - +4.85% - 6.84% S $3.41 31 Mar 17 20 Apr 17 2,927

Seven Group TELYS4 AU0000SVWPA1 SVWPA 496.4 $76.70 $1.67 $75.03 9.01% +7.39% 10.61% 100.0% 3.22% - - +4.75% - 6.76% S $3.37 22 May 17 31 May 17 6,552

Stapled Security

Floating

Goodman Preferred Step-Up Units AU0000GMPPA9 GMPPA 327.0 $101.80 $0.94 $100.86 5.67% +2.42% 4.41% - 1.98% 30 Sep 17 0.6 +3.90% 0.25% 5.72% Q $1.42 22 Mar 17 31 Mar 17 4,842

Macquarie Income Securities AU0000MBLHB4 MBLHB 400.0 $74.00 $0.40 $73.60 4.73% +3.45% 6.66% - 3.21% - - +1.70% - 3.48% Q $0.86 29 Mar 17 18 Apr 17 4,838

National Income Securities AU0000NABHA7 NABHA 2,000.0 $72.90 $0.11 $72.79 4.16% +2.91% 6.11% - 3.21% - - +1.25% - 3.03% Q $0.74 27 Apr 17 14 May 17 8,632

Structured Note

Fixed

URF Notes I AU0000URFHA7 URFHA 150.0 $100.60 $1.28 $99.32 7.80% +5.78% 8.04% - 2.25% 24 Dec 19 2.8 - - 7.75% Q $1.94 9 Mar 17 31 Mar 17 -

URF Notes II AU0000URFHB5 URFHB 90.5 $102.75 $1.27 $101.48 7.64% +4.88% 7.28% - 2.40% 24 Dec 20 3.8 - - 7.75% Q $1.94 9 Mar 17 31 Mar 17 145

URF Notes III AU0000URFHC3 URFHC 175.0 $102.00 $0.17 $101.83 7.61% +4.75% 7.28% - 2.52% 24 Dec 21 4.8 - - 7.75% Q $0.83 9 Mar 17 31 Mar 17 100

Floating

AGL Subordinated Notes AU0000AGLHA0 AGLHA 650.0 $105.50 -$0.12 $105.62 5.27% +1.22% 3.39% - 2.17% 8 Jun 19 2.3 +3.80% - 5.57% Q $1.37 27 Feb 17 8 Mar 17 5,268

ANZ Subordinated Notes AU0000ANZHA6 ANZHA 1,508.7 $101.35 $0.87 $100.48 4.52% +1.20% 3.02% - 1.82% 20 Jun 17 0.3 +2.75% - 4.54% Q $1.12 9 Mar 17 20 Mar 17 19,978

APA Group Subordinated Notes AU0000AQHHA7 AQHHA 515.0 $104.37 $1.02 $103.35 6.10% +1.35% 3.37% - 2.02% 31 Mar 18 1.1 +4.50% - 6.30% Q $1.55 22 Mar 17 31 Mar 17 1,377

Caltex Subordinated Notes AU0000CTXHA4 CTXHA 550.0 $102.50 $1.29 $101.21 6.20% +2.24% 4.22% - 1.98% 15 Sep 17 0.5 +4.50% - 6.28% Q $1.55 6 Mar 17 15 Mar 17 6,035

Colonial Subordinated Notes AU0000CNGHA2 CNGHA 1,000.0 $100.95 $0.82 $100.13 5.04% +1.80% 3.45% - 1.64% 31 Mar 17 0.1 +3.25% - 5.05% Q $1.25 22 Mar 17 31 Mar 17 659

Crown Subordinated Notes AU0000CWNHA9 CWNHA 532.0 $102.70 $1.41 $101.29 6.68% +4.12% 6.19% 0.0% 2.07% 14 Sep 18 1.5 +5.00% - 6.77% Q $1.67 3 Mar 17 14 Mar 17 12,805

Crown Subordinated Notes II AU0000CWNHB7 CWNHB 630.0 $96.25 $1.20 $95.05 6.07% +5.37% 7.84% - 2.47% 23 Jul 21 4.4 +4.00% - 5.77% Q $1.42 3 Mar 17 14 Mar 17 13,336

NAB Subordinated Notes AU0000NABHB5 NABHB 1,172.5 $101.35 $0.88 $100.47 4.51% +1.23% 3.05% - 1.82% 18 Jun 17 0.3 +2.75% - 4.54% Q $1.13 9 Mar 17 20 Mar 17 14,085

NAB Subordinated Notes 2 TBC NABPE 800.0 $100.00 $0.00 $100.00 3.97% +2.20% 4.90% - 2.70% 20 Sep 23 6.6 +2.20% - 3.97% Q $1.00 30 May 17 20 Jun 17 -

Qube Subordinated Notes AU0000QUBHA8 QUBHA 305.0 $105.26 $0.84 $104.42 5.45% +3.09% 5.80% - 2.71% 5 Oct 23 6.6 +3.90% - 5.69% Q $1.40 27 Mar 17 5 Apr 17 3,985

Tabcorp Subordinated Notes AU0000TAHHB9 TAHHB 250.0 $101.09 $1.08 $100.01 5.79% +3.98% 5.58% - 1.60% 22 Mar 17 0.1 +4.00% - 5.80% Q $1.43 13 Mar 17 22 Mar 17 1,204

Westpac Subordinated Notes AU0000WBCHA4 WBCHA 1,676.2 $100.90 $0.06 $100.84 4.49% +0.99% 2.96% - 1.97% 23 Aug 17 0.5 +2.75% - 4.53% Q $1.10 12 May 17 23 May 17 16,932

Westpac Subordinated Notes 2 AU0000WBCHB2 WBCHB 925.3 $101.72 $0.07 $101.65 4.01% +1.15% 3.22% - 2.07% 22 Aug 18 1.5 +2.30% - 4.08% Q $0.99 11 May 17 22 May 17 4,023

Treasury Bonds

Fixed

Treasury Bond 6.00% Feb 2017 AU300TB01208 GSBC17 21,096.0 $102.98 $2.98 $100.00 6.00% +4.17% 5.67% - 1.51% 15 Feb 17 0.0 - - 6.00% S $3.00 27 Jan 17 15 Feb 17 -

Treasury Bond 4.25% Jul 2017 AU3TB0000127 GSBM17 18,900.0 $101.51 $0.45 $101.06 4.21% -0.34% 1.56% - 1.90% 21 Jul 17 0.4 - - 4.25% S $2.13 2 Jul 17 21 Jul 17 -

Treasury Bond 5.50% Jan 2018 AU3TB0000093 GSBA18 20,500.0 $104.02 $0.58 $103.44 5.32% -0.40% 1.61% - 2.01% 21 Jan 18 0.9 - - 5.50% S $2.75 2 Jul 17 21 Jul 17 -

Treasury Bond 3.25% Oct 2018 AU3TB0000176 GSBS18 11,400.0 $103.61 $1.16 $102.45 3.17% -0.36% 1.73% - 2.09% 21 Oct 18 1.6 - - 3.25% S $1.63 2 Apr 17 21 Apr 17 -

Treasury Bond 5.25% Mar 2019 AU300TB01224 GSBE19 20,847.0 $109.29 $2.41 $106.88 4.91% -0.34% 1.80% - 2.14% 15 Mar 19 2.0 - - 5.25% S $2.63 8 Mar 17 15 Mar 17 -

Treasury Bond 2.75% Oct 2019 AU3TB0000184 GSBS19 7,600.0 $103.23 $0.98 $102.25 2.69% -0.36% 1.87% - 2.23% 21 Oct 19 2.6 - - 2.75% S $1.38 14 Apr 17 21 Apr 17 -

Treasury Bond 4.50% Apr 2020 AU3TB0000036 GSBG20 20,397.0 $109.38 $1.68 $107.69 4.18% -0.36% 1.95% - 2.31% 15 Apr 20 3.1 - - 4.50% S $2.25 27 Mar 17 15 Apr 17 -

Treasury Bond 1.75% Nov 2020 AU000XCLWAN8 GSBU20 14,300.0 $99.40 $0.48 $98.92 1.77% -0.34% 2.05% - 2.39% 21 Nov 20 3.7 - - 1.75% S $0.88 14 May 17 21 May 17 -

Treasury Bond 5.75% May 2021 AU0000XCLWM5 GSBI21 21,599.0 $116.29 $1.67 $114.62 5.02% -0.36% 2.10% - 2.46% 15 May 21 4.2 - - 5.75% S $2.88 26 Apr 17 15 May 17 -

Treasury Bond 2.00% Dec 2021 AU000XCLWAT5 GSBW21 9,300.0 $99.49 $0.38 $99.11 2.02% -0.33% 2.20% - 2.53% 21 Dec 21 4.8 - - 2.00% S $1.00 14 Jun 17 21 Jun 17 -

Treasury Bond 5.75% Jul 2022 AU3TB0000051 GSBM22 17,500.0 $118.35 $0.70 $117.66 4.89% -0.35% 2.25% - 2.59% 15 Jul 22 5.4 - - 5.75% S $2.88 26 Jun 17 15 Jul 17 -

Treasury Bond 5.50% Apr 2023 AU3TB0000101 GSBG23 21,300.0 $119.79 $1.96 $117.82 4.67% -0.30% 2.37% - 2.67% 21 Apr 23 6.1 - - 5.50% S $2.75 2 Apr 17 21 Apr 17 -

Treasury Bond 2.75% Apr 2024 AU3TB0000143 GSBG24 19,300.0 $102.56 $0.98 $101.58 2.71% -0.26% 2.51% - 2.77% 21 Apr 24 7.1 - - 2.75% S $1.38 2 Apr 17 21 Apr 17 -

Page 3 of 5© BondAdviser 2016. All Rights Reserved.

ISSUE CURRENT PRICING FRANKED RESET/MATURITY FLOATING MARGIN CURRENT COUPON TRADING

Security Name ISIN ASX CodeIssue Size

($m)Last Price

AccruedInterest

CapitalPrice

RunningYield

TradingMargin

Yield toMaturity

FrankingSwap Rateto Reset /Maturity

Reset /Maturity

Date

Years toReset /

Maturity

CouponMargin

Step-upMargin

CurrentRate (%)

PaymentFrequency

CashAmount

Ex-dateNext

CouponPayment

TradedVolume

Treasury Bond 3.25% Apr 2025 AU3TB0000168 GSBG25 13,800.0 $105.89 $1.16 $104.73 3.10% -0.24% 2.60% - 2.84% 21 Apr 25 8.1 - - 3.25% S $1.63 2 Apr 17 21 Apr 17 -

Treasury Bond 4.25% Apr 2026 AU000XCLWAI8 GSBG26 13,500.0 $114.30 $1.52 $112.78 3.77% -0.25% 2.66% - 2.91% 21 Apr 26 9.1 - - 4.25% S $2.13 2 Apr 17 21 Apr 17 -

Treasury Bond 4.75% Apr 2027 AU3TB0000135 GSBG27 13,000.0 $119.62 $1.70 $117.93 4.03% -0.27% 2.72% - 2.98% 21 Apr 27 10.1 - - 4.75% S $2.38 2 Apr 17 21 Apr 17 -

Treasury Bond 2.75% Nov 2027 AU000XCLWAQ1 GSBU27 8,500.0 $100.45 $0.75 $99.70 2.76% -0.23% 2.78% - 3.01% 21 Nov 27 10.7 - - 2.75% S $1.38 14 May 17 21 May 17 -

Treasury Bond 2.25% May 2028 AU000XCLWAR9 GSBI28 7,000.0 $95.17 $0.68 $94.49 2.65% +0.05% 3.08% - 3.04% 21 May 28 11.2 - - 2.50% S $1.25 14 May 17 21 May 17 -

Treasury Bond 3.25% Apr 2029 AU3TB0000150 GSBG29 9,000.0 $104.66 $1.16 $103.50 3.14% -0.17% 2.91% - 3.08% 21 Apr 29 12.2 - - 3.25% S $1.63 2 Apr 17 21 Apr 17 -

Treasury Bond 4.50% Apr 2033 AU000XCLWAG2 GSBG33 9,100.0 $118.68 $1.61 $117.07 3.84% -0.07% 3.14% - 3.22% 21 Apr 33 16.2 - - 4.50% S $2.25 2 Apr 17 21 Apr 17 -

Treasury Bond 2.75% June 2035 AU000GSBK350 GSBK35 4,250.0 $92.80 $0.52 $92.28 2.98% +0.10% 3.32% - 3.22% 21 Jun 35 18.3 - - 2.75% S $1.38 14 Jun 17 21 Jun 17 -

Treasury Bond 3.75% Apr 2037 AU3TB0000192 GSBG37 7,000.0 $106.43 $1.34 $105.10 3.57% +0.18% 3.40% - 3.22% 21 Apr 37 20.2 - - 3.75% S $1.88 14 Apr 17 21 Apr 17 -

Treasury Bond 3.25% June 2039 AU000XCLWAP3 GSBK39 4,000.0 $96.59 $0.62 $95.98 3.39% +0.29% 3.51% - 3.22% 21 Jun 39 22.3 - - 3.25% S $1.63 14 Jun 17 21 Jun 17 -

Treasury Bond 3.00% Mar 2047 AU000XCLWAS7 GSBE47 7,600.0 $88.50 $1.33 $87.18 3.44% +0.49% 3.71% - 3.22% 21 Mar 47 30.1 - - 3.00% S $1.50 14 Mar 17 21 Mar 17 -

Treasury Index Bonds

Capital Indexed

Treasury Indexed Bond 1.00% Nov 2018 AU000XCLWAJ6 GSIU18 3,839.0 $106.85 $0.02 $106.83 0.99% - 0.25% - - 21 Nov 18 1.7 - - 1.00% Q $0.27 14 May 17 22 May 17 -

Treasury Indexed Bond 4.00% Aug 2020 AU0000XCLWE2 GSIO20 4,964.0 $186.21 $0.15 $186.06 3.58% - 0.38% - - 20 Aug 20 3.5 - - 4.00% Q $1.66 13 May 17 22 May 17 -

Treasury Indexed Bond 1.25% Feb 2022 AU000XCLWAB3 GSIC22 4,290.0 $113.59 $0.03 $113.56 1.21% - 0.51% - - 21 Feb 22 5.0 - - 1.25% Q $0.34 14 May 17 22 May 17 -

Treasury Indexed Bond 3.00% Sep 2025 AU0000XCLWP8 GSIQ25 5,543.0 $140.99 $0.69 $140.30 2.52% - 0.70% - - 20 Sep 25 8.6 - - 3.00% Q $0.88 13 Mar 17 20 Mar 17 -

Treasury Indexed Bond 2.50% Sep 2030 AU0000XCLWV6 GSIQ30 3,293.0 $138.64 $0.56 $138.08 2.08% - 0.92% - - 20 Sep 30 13.6 - - 2.50% Q $0.72 1 Mar 17 20 Mar 17 -

Treasury Indexed Bond 2.00% Aug 2035 AU000XCLWAF4 GSIO35 2,650.0 $121.88 $0.04 $121.84 1.76% - 1.15% - - 21 Aug 35 18.5 - - 2.00% Q $0.54 14 May 17 22 May 17 -

Treasury Indexed Bond 1.25% Aug 2040 AU000XCLWAO6 GSIO40 1,550.0 $103.89 $0.00 $103.88 0.12% - 0.06% - - 21 Aug 40 23.5 - - 0.13% Q $0.03 14 May 17 22 May 17 -

Page 4 of 5© BondAdviser 2016. All Rights Reserved.

Definitions

1 Last Price This is the physical price at which a security is last traded. It is a function of Capital Price plus Accrued Interest. Also known as dirty price.

2 Accrued Interest The amount of interest that has been accumulated from the last coupon payment date to the settlement date when the bond is traded.

3 Capital Price This is the price of a security excluding any interest that has accrued since issue or the most recent interest payment. Also known as clean price.

4 Running Yield The running yield is annual income from a security divided by capital price. Unless the capital price is equal to the last price, it will be different to the yield to maturity.

5 Trading Margin The trading margin is the margin over the appropriate benchmark (usually the swap curve). It represents the credit risk premium of a security and is also known as the credit spread.

6 Yield to Maturity This is the absolute yield an investor will receive if they buy the security today at the last price price, assuming that the bond will be held until maturity.

7 Calculation Method Calculations are based upon Australian market standard formulae (RBA method for fixed rate securities & AFMA method for floating rate securites).

8 Par Value All calculations are based upon a security par value of $100 with the exception of PERLS III (ASX code PCAPA) which has a par value of $200.

Important Information

The web application, the Content and the Reports are not intended to provide financial product advice and must not be relied upon as such. The Content and the Reports are not and shall not be construed as financial product advice. The statements and/orrecommendations on this web application, the Content and/or the Reports are our opinions only. We do not express any opinion on the future or expected value of any Security and do not explicitly or implicitly recommend or suggest an investment strategy of any kind.

The Content and the Reports provided at this web application have been prepared based on available data to which we have access. Neither the accuracy of that data nor the research_methodology used to produce the Content and Reports can be guaranteed orwarranted. Some of the research used to create the Content is based on past performance. Past performance is not an indicator of future performance. We have taken all reasonable steps to ensure that any opinion or recommendation in the Content or the Reports isbased on reasonable grounds. The data generated by the research in the Content or the Reports is based on research_methodology that has limitations; and some of the information in the Content or the Reports is based on information from third parties.We do not guarantee the currency of the Content or the Reports. If you would like to assess the currency, you should compare the Content of the Content or the Reports with more recent characteristics and performance of the assets mentioned within it. You acknowledgethat investment can give rise to substantial risk and a product mentioned in the Content or the Reports may not be suitable to you.

You should obtain independent advice specific to your particular circumstances, make your own enquiries and satisfy yourself before you make any investment decisions or use the Content or the Reports for any purpose. This web application and the Content and theReports provide general information only. There has been no regard whatsoever to your own personal or business needs, your individual circumstances, your own financial position or investment objectives in preparing the information and Reports available at this webapplication.

We do not accept responsibility for any loss or damage, however caused (including through negligence), which you may directly or indirectly suffer in connection with your use of this web application or the Reports, nor do we accept any responsibility for any such lossarising out of your use of, or reliance on, information contained on or accessed through this web application, the Content or the Reports.

www.bondadviser.com.au Page 5 of 5© BondAdviser 2016. All Rights Reserved.