New on Bondsupermart Live: 15 Income Opportunities from HSBC, SK Hynix, Petronas, and More!

Bondsupermart Live

Bondsupermart Live is a centralised bond marketplace where orders are matched dynamically with other investors. While bond markets have traditionally been opaque, Bondsupermart Live helps improve transparency especially around pricing. Our aim is to narrow the gap between bond investing and other asset classes, making bonds more accessible and actionable for all investors.

We recently added 15 new live issues onto Bondsupermart Live – all tradable with live pricing (see Table 1 below), spanning financials, REITs, technology, energy, and sovereign issuers across SGD, USD, AUD, and GBP. Several of these bonds are tradable in small odd-lot sizes of $1,000 / $1,000. In other words, the minimum investment can be as low as $1,000, and investors can increase their order in additional $1,000 increments. This makes bond investing more flexible, as investors can spread their capital across different issuers, sectors, currencies, and maturities.

Read on for quick highlights on some selected issuers!

(Note: Odd lot trading is only available to accredited investors. Non-accredited investors will have to comply with the full-lot minimums. Odd-lot minimums vary by issue - several of the SGD, USD, and GBP issues in Table 1 carry larger odd-lot minimums of 200,000 / 200,000 or more, so please refer to the table for each bond.)

Table 1: New Bonds on Bondsupermart Live

Company	Bond Name	Reset / Maturity Date (Years to Reset / Maturity)	Ask Price	Yield to Worst (%)	Credit Rating (S&P / Moody’s / Fitch)	Full Lot Min / Incremental	Odd Lot Min / Incremental
ESR-REIT	EREIT 6.000% Perpetual Corp (SGD)	20Aug2029 / - (3.03 / -)	104.09	4.54	- / - / -	250,000 / 250,000	1,000 / 1,000
HSBC Holdings Plc	HSBC 5.250% Perpetual Corp (SGD)	14Dec2029 / - (3.34 / -)	104.01	3.74	- / Baa3 / BBB	250,000 / 250,000	1,000 / 1,000
Mapletree Logistics Trust	MLTSP 3.500% Perpetual Corp (SGD)	12Aug2031 / - (5.00 / -)	99.97	3.51	- / - / BBB-	250,000 / 250,000	1,000 / 1,000
Concentrix Corporation	CNXC 6.600% 02Aug2028 Corp (USD)	- / 02Aug2028 (- / 1.98)	101.30	5.88	BBB- / Baa3 / BBB	2,000 / 2,000	1,000 / 1,000
KIOXIA Holdings Group	KIOXIA 6.625% 24Jul2033 Corp (USD)	- / 24Jul2033 (- / 6.95)	103.92	5.50	BBB- / - / BBB-	200,000 / 200,000	1,000 / 1,000
Malaysia Soverign Sukuk Bhd	MALAYS 4.949% 30Jul2036 Govt (USD)	- / 30Jul2036 (- / 9.97)	100.11	4.93	A- / A3 / -	250,000 / 250,000	1,000 / 1,000
META Platforms Inc	META 4.550% 15May2031 Corp (USD)	- / 15May2031 (- / 4.76)	98.04	5.02	AA- / Aa3 / -	2,000 / 2,000	1,000 / 1,000
Oracle Corp	ORCL 4.950% 04Feb2031 Corp (USD)	- / 04Feb2031 (- / 4.48)	96.44	5.86	BBB- / Baa2 / BBB	2,000 / 2,000	1,000 / 1,000
Petroleos Mexicanos	PEMEX 7.690% 23Jan2050 Corp (USD)	- / 23Jan2050 (- / 23.45)	91.77	8.50	BBB / B1 / BB+	10,000 / 10,000	1,000 / 1,000
Petronas Capital Ltd	PETMK 5.848% 03Apr2055 Corp (USD)	- / 03Apr2055 (- / 28.64)	99.28	5.90	A- / A2 / -	200,000 / 200,000	1,000 / 1,000
SK Hynix Inc	HYUELE 6.500% 17Jan2033 Corp (USD)	- / 17Jan2033 (- / 6.44)	106.83	5.23	BBB+ / BBB+ / A3	200,000 / 200,000	1,000 / 1,000
Standard Chartered Plc	STANLN 7.000% Perpetual Corp (USD)	08Dec2033 / - (7.33 / -)	100.10	6.98	BB+ / Ba1 / BBB-	200,000 / 200,000	1,000 / 1,000
Toyota Finance Australia Ltd	TOYOTA 5.500% 12Jun2031 Corp (AUD)	- / 12Jun2031 (- / 4.84)	99.91	5.52	A+ / A1 / -	10,000 / 10,000	1,000 / 1,000
HSBC Holdings Plc	HSBC 6.000% 29Mar2040 Corp (GBP)	- / 29Mar2040 (- / 13.63)	96.18	6.32	BBB+ / Baa1 / A-	50,000 / 50,000	1,000 / 1,000
NATWEST Group Plc	NWG 7.500% Perpetual Corp (GBP)	03Dec2036 / - (10.31 / -)	99.73	7.61	BBB- / Baa3 / BBB	200,000 / 200,000	1,000 / 1,000
Data as of 12 August 2026 Source: Bloomberg and Bondsupermart

1. EREIT 6.000% Perpetual Corp (SGD) (Yield: 4.54%)

ESR-REIT is a leading Asia-Pacific industrial REIT, with a diversified portfolio across Singapore, Australia and Japan. As of June 2026, its portfolio comprised 62 properties with total assets of approximately S$5.6 billion. These junior subordinated perpetuals are first callable in August 2029, and if not called, the coupon resets to the prevailing 5-year SORA-OIS plus a 3.548% spread. While ESR-REIT carries a BBB issuer rating from Fitch, the perpetual itself is unrated. Investors should account for the additional subordination and non-call risks.

ESR-REIT’s 1H2026 results remained resilient, with gross revenue down 0.3% YoY to S$222.3 million and NPI down 2.2% to S$162.7 million, mainly due to asset divestments. Same-store performance remained positive, supported by 9.8% rental reversions. MAS aggregate leverage stood at 41.4%, though it is expected to decline to 39.9% after planned debt repayment, while MAS interest coverage ratio rose to 2.6x. Overall, recurring cash flows remain stable, although leverage remains relatively elevated.

Read more: ESR-REIT 1H2026: Stable operations, but leverage remains elevated

2. HSBC 5.250% Perpetual Corp (SGD) (Yield: 3.74%) / HSBC 6.000% 29Mar2040 Corp (GBP) (Yield: 6.32)

HSBC is one of the world's largest banking and financial services groups, operating across four core segments - Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB) - alongside Corporate Centre.

Two HSBC bonds feature on this list: the 5.250% Perpetual Corp (SGD) and the 6.000% 29Mar2040 Corp (GBP). The SGD perpetual has 3.34 years to reset with a yield of 3.74%, and is rated -/Baa3/BBB (S&P/Moody's/Fitch). The GBP Tier 2 note carries a stronger BBB+/Baa1/A- rating reflecting its higher ranking, and is currently yielding around 6.32%.

HSBC delivered a strong 2Q2026, with revenue rising 16% YoY to US$19.1 billion and profit before tax increasing 60% to US$10.1 billion. Operating expenses fell 2% YoY to US$8.7 billion, while expected credit losses (ECL) remained broadly stable at US$1.1 billion. As of end-June 2026, HSBC maintained a healthy CET1 ratio of 14.1%, within management's 14.0%-14.5% target range, alongside US$713.7 billion of average high-quality liquid assets (HQLA) and a 134% liquidity coverage ratio (LCR). Overall, HSBC's strong profitability, diversified earnings and healthy capital and liquidity buffers provide solid support for the credit despite the subordinated natures of these bonds.

3. MLTSP 3.500% Perpetual Corp (SGD) (Yield: 3.51%)

Mapletree Logistics Trust (MLT) is a Singapore-listed logistics REIT with around 175 properties across nine Asia-Pacific markets and S$13.1 billion of assets under management as of 30 June 2026. Its sponsor is Mapletree Investments, which is indirectly wholly owned by Temasek Holdings. The MLTSP 3.500% Perpetual Corp (SGD) is currently offered at around 99.97 with 5.0 years to reset and a yield of 3.51%. This issue provides exposure to SGD credit investors who want Asia-Pacific logistics credit exposure and stable income.

MLT delivered resilient 1Q2026/27 results, with gross revenue rising 0.8% YoY to S$178.9 million and NPI increasing 2.0% to S$156.4 million. Portfolio occupancy remained high at 96.4%, while rental reversions were positive at 0.9%, or 2.3% excluding China. Aggregate leverage edged down to 40.5%, with interest coverage maintained at 2.9x. MLT currently has S$653 million of available committed facilities providing additional liquidity headroom. Overall, MLT continues to benefit from stable operating performance and diversified logistics assets, although relatively elevated leverage remains a key credit consideration.

Read more: Mapletree Logistics Trust Announces New SGD Subordinated Perpetual NC5 Notes at an IPG of 3.75%

4. CNXC 6.600% 02Aug2028 Corp (USD) (Yield: 5.88%)

Concentrix Corporation is a customer experience (CX) and business process outsourcing (BPO) services provider serving more than 2,000 clients across over 70 countries, including more than 160 Fortune Global 500 companies. The Concentrix 6.600% 02Aug2028 Corp (USD) is offered at 101.30, with a 5.88% yield, and carries BBB-/Baa3/BBB (S&P/Moody’s/Fitch) ratings. The bond may appeal to investors seeking relatively high-yielding investment-grade USD credit with a short maturity and exposure to the global CX and BPO industry.

Concentrix delivered modest revenue growth in 1H2026, with revenue rising 3.6% YoY to US$5.0 billion, although higher service delivery costs weighed on profitability and compressed its GAAP operating margin to 4.3% from 6.6%. Adjusted free cash flow declined to US$72.6 million in 1H2026, down from US$131.5 million in 1H2025, primarily driven by the seasonally weak first quarter, during which working capital movements weighed on cash generation (FY2025 adjusted free cash flow: US$572.5 million). Nonetheless, credit metrics remain relatively stretched, with total debt of US$4.6 billion, net gearing of 160% and interest coverage of 1.77x as at 1H2026. Overall, recurring revenues and a diversified client base support the credit, although elevated leverage and ongoing margin pressure remain key considerations.

Read more: It is time to capture the attractive yield of 6.87% offered by the Fortune 500 company - Concentrix

5. KIOXIA 6.625% 24Jul2033 Corp (USD) (Yield: 5.50%)

Kioxia Holdings Corporation, formerly Toshiba Memory, is a leading NAND flash memory manufacturer with around 16% global market share. Its products are used across AI data centres, PCs and smartphones. The KIOXIA 6.625% 24Jul2033 Corp (USD) is offered at 103.92, with a 5.50% yield, and carries BBB-/-/BBB- (S&P/Moody’s/Fitch) ratings. The bond may appeal to investors seeking investment-grade USD exposure to the AI and semiconductor theme.

FY2025 revenue rose 37% YoY to ¥2,337.6 billion, while operating profit (non-GAAP) nearly doubled to ¥876.2 billion. Momentum accelerated further in 1Q2026, with revenue surging to ¥1,767.1 billion and operating profit reaching ¥1,270.0 billion, supported by strong NAND pricing. Its balance sheet has also improved materially, with cash and cash equivalents rising to ¥791.0 billion and total debt falling to ¥634.6 billion after substantial debt prepayments, leaving the company in a net cash position. Overall, strong earnings, improving leverage and robust free cash flow provide solid support for the credit, although the cyclical nature of the NAND industry and elevated future capex remain important risks.

Read more: IOTW: Kioxia — Credit Rating Upgraded to Investment Grade, NAND Amid the AI Wave

6. PEMEX 7.690% 23Jan2050 Corp (USD) (Yield: 8.50%)

Petróleos Mexicanos (PEMEX) is Mexico’s state-owned integrated energy company, with operations spanning upstream production, refining and fuel supply. Its strategic importance to Mexico provides meaningful government linkage, although its standalone credit profile remains constrained by high leverage and declining production. The PEMEX 7.690% 23Jan2050 Corp (USD) may appeal to investors seeking high-yield USD exposure to Mexico’s state-linked energy sector, while accepting elevated credit and duration risk.

PEMEX reported 2Q2026 revenue of MXN510.4 billion and EBITDA of MXN144.2 billion, while net profit fell 69.7% YoY to MXN18.0 billion. Crude oil and condensate production stood at 1.66 million bpd, below the government’s 1.8 million bpd target. Financial debt declined 9.1% from end-2025 to US$77.5 billion. However, the company still faces US$4.7 billion of debt maturities in 2027 and substantial supplier obligations. Government support and ongoing deleveraging provide some credit support, but weak production trends and a heavy debt burden remain key credit concerns. The very high duration profile also makes it susceptible to fluctuations in long-end benchmark UST yields and spreads.

7. PETMK 5.848% 03Apr2055 Corp (USD) (Yield: 5.90%)

Petroliam Nasional Berhad (PETRONAS) is Malaysia's fully state-owned integrated energy major, with operations spanning upstream exploration and production, LNG, refining, petrochemicals and petroleum products. Its scale, strategic importance to Malaysia and diversified position across the energy value chain underpin a strong credit profile. With a yield-to-worst of 5.90%, the PETMK 5.848% 03Apr2055 Corp (USD) bond may be suitable for those seeking exposure to high-quality, state-linked energy credit while earning an attractive yield.

Despite a more challenging commodity environment, PETRONAS remained highly cash generative in FY2025. Revenue declined 17% YoY to RM266.1 billion, while EBITDA fell 10% to RM103.0 billion and PAT declined 18% to RM45.4 billion, reflecting lower realised prices and weaker crude oil volumes. Importantly for bondholders, operating cash flow remained robust at RM85.2 billion, comfortably exceeding its RM41.6 billion of capital investments. The balance sheet also remains exceptionally strong, with RM204.4 billion of cash and cash equivalents against RM121.6 billion of total borrowings, implying a net cash position of roughly RM82.8 billion. Gearing was only 24.2%, even as PETRONAS continues to invest heavily in its upstream and energy-transition businesses. While earnings remain exposed to oil and gas prices, its integrated business model, substantial liquidity and strong government linkage provide considerable financial flexibility through commodity cycles. Nonetheless, the bond’s very long maturity and duration profile leave investors materially exposed to USD duration and curve risks.

8. HYUELE 6.500% 17Jan2033 Corp (USD) (Yield: 5.23%)

SK Hynix is a leading global memory semiconductor manufacturer, producing high-bandwidth memory (HBM), DRAM and NAND flash used across AI data centres, servers, PCs and smartphones. Its leadership in HBM, strong position in the global memory market and improving balance sheet underpin a solid investment-grade credit profile. Investors seeking investment-grade USD exposure to the AI and semiconductor theme while earning an attractive yield may find the HYUELE 6.500% 17Jan2033 Corp (USD) bond suitable, with a yield-to-worst of 5.23%.

2Q2026 revenue surged 257% YoY to KRW79.3 trillion, while operating profit rose 557% to KRW60.5 trillion, supported by strong HBM and memory demand. Free cash flow reached an estimated KRW55.0 trillion during the quarter. Its balance sheet is also exceptionally strong, with KRW88.0 trillion of liquidity against KRW18.6 trillion of interest-bearing debt. SK Hynix’s strong cash generation and low leverage support the credit, though rising industry capacity and higher capex beyond 2027 remain key risks.

Read more: Idea of the Week: AI-memory boom fortifies SK Hynix’s 4.66% short-term USD bonds

9.  TOYOTA 5.500% 12Jun2031 Corp (AUD) (Yield: 5.52%)            

Toyota Finance Australia Limited (TFA) is the automotive financing arm of the Toyota Group in Australia, providing retail and commercial vehicle financing, dealer funding and fleet management services. It is wholly owned by Toyota Financial Services Corporation, ultimately owned by Toyota Motor Corporation, while holders of its debt securities benefit from Toyota Group credit support arrangements. With a yield-to-worst of 5.52%, the TOYOTA 5.500% 12Jun2031 Corp (AUD) bond is suitable for investors that want high-quality AUD credit exposure backed by the broader Toyota franchise. The issuer carries an A+ long-term credit rating, while the bond is senior unsecured.

TFA delivered stronger FY2026 results, with financing and similar revenue rising 5.2% YoY to A$2.73 billion, while net financing and similar revenue increased to A$1.01 billion from A$809.7 million. Net profit increased 37% YoY to A$493.1 million. Cash and cash equivalents stood at A$1.9 billion, while the group maintained more than A$20.6 billion of unused funding capacity, including access to Toyota Group credit facilities. Overall, strong profitability, diversified funding and Toyota Group support underpin the credit, despite higher impairment risks.

10. NWG 7.500% Perpetual Corp (GBP) (Yield: 7.61%)

NatWest Group is one of the UK’s largest banking groups, with businesses spanning retail banking, private banking and wealth management, and commercial and institutional banking. The NATWES 7.500% Perpetual Corp (GBP) is rated BBB-/ Baa3/BBB (S&P /Moody’s/ Fitch), with its first reset window beginning in December 2036. At a current price around par, the bond offers a yield-to-worst of roughly 7.61%. For those seeking high-income GBP exposure to a major UK bank while accepting the additional risks associated with AT1 securities, this note may be suitable.

NatWest delivered strong 1H2026 results, with total income excluding notable items rising 8.9% YoY to £8.7 billion, while operating profit increased 20.4% to £4.3 billion and attributable profit rose 22.0% to £3.0 billion. Capital and liquidity remain healthy, with a 13.2% CET1 ratio, 140% LCR and £152 billion of HQLA. Overall, strong profitability and capital buffers support the credit, although investors should account for loss absorption, coupon cancellation, extension and conversion risks inherent in the AT1 structure.