in 4.5 years time call back can get PAR value

Now selling below PAR at 96.80

earning AUD3.20 and fixed coupon 5%
If MYR tank further, profit will increase.

Any comment?


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Idea of the Week:


Shinhan Financial Group delivered decent track records, with both net interest income and net interest margin rising over the past few years due to positive impacts from the rate-hiking cycle. Non-bank segments are advancing at a faster pace, becoming a key growth driver in the future.

The Group's capital adequacy proffers ample buffers over the regulatory requirement, and the banking sector posts a below-average non-performing loan ratio with decent asset quality. However, the credit card sector is a weak point in the Group's overall performance and may continue to be under pressure in the near term.

The AUD Bond due in 2028 is yielding around 6.2%, which is much higher than most investment-grade bank bonds. Investors interested in Korea-based corporate bonds or looking for an allocation to AUD assets may consider this bond.


Shinhan Bank AUD Bond upto 6.2% yield