Our Fixed Interest Weekly Trading Idea: Buy NABPC An historically high margin of 3.50% for a security with a 5 year call date paying quarterly income
Our Fixed Interest Weekly Trading Idea: Buy NABPC An historically high margin of 3.50% for a security with a 5 year call date paying quarterly income. Impact of RBA Feb 2015 rate cut. The 0.25% cut in the cash rate to 2.25% has seen NAB reduce its deposit rates, with 1 year term deposits falling 0.40% to 2.70%. Investors willing to accept the incremental risks moving from a Government guaranteed deposit can still achieve grossed up yields in the high 5s (~5.85%). Sentiment shift as investors chase yield. No further hybrid issuance likely from NAB, ANZ and CBA in 2015. NABPC bookbuild bids due 4pm Monday 23 February 2015 Click here for the full report: (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Bizarre: The $11m microcap sitting on a $21m cash pile
Livewire Markets
Fixed Income
Why every fixed income portfolio needs a FI-RV allocation
Antarctica Asset Management