New on Bondsupermart Live: Diversify Across OCBC, ANZ, and Alphabet!

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
Oversea-Chinese banking Corporation Limited	OCBCSP 3.200% Perpetual Corp (SGD)	19Aug2031 / (5.02)	100.26	3.14	BBB- / Baa1 / BBB+	250,000 / 250,000	1,000 / 1,000
Australia and New Zealand Banking Group Limited	ANZ 6.749% 21Aug2046 Corp (AUD)	21Aug2046 / (20.02)	99.43	6.80	A- / A3 / A-	1,000 / 1,000	-
Alphabet Inc	GOOGL 5.200% 27Aug2029 Corp (AUD)	27Aug2029 / (3.04)	99.80	5.27	- / Aa2 / -	10,000 / 10,000	1,000 / 1,000
Alphabet Inc	GOOGL 5.500% 27Aug2031 Corp (AUD)	27Aug2031 / (5.04)	99.66	5.58	- / Aa2 / -	10,000 / 10,000	1,000 / 1,000
Alphabet Inc	GOOGL 6.250% 27Aug2036 Corp (AUD)	27Aug2036 / (10.04)	100.53	6.18	- / Aa2 / -	10,000 / 10,000	1,000 / 1,000
Alphabet Inc	GOOGL 6.900% 27Aug2046 Corp (AUD)	27Aug2046 / (20.04)	99.80	6.92	- / Aa2 / -	10,000 / 10,000	1,000 / 1,000

1. OCBCSP 3.200% Perpetual Corp (SGD) (Yield: 3.14%)

OCBC delivered a resilient 2Q2026, with net profit up 22% YoY and 12% QoQ to S$2,221 million and ROE improving to 14.4%. Strong non-interest income growth this quarter (+51% YoY and +19% QoQ to S$1,906 million, driven by wealth management fees and trading/investment income) more than offset the weaker net interest margin (-6bps QoQ to 1.7%). As of end-June 2026, the fully phased-in CET1 ratio was down to 14.0% but remains within management's target operating range and comfortably above current regulatory requirements. Funding and liquidity are clear strengths for OCBC, with a liquidity coverage ratio of 131% and a conservative 78.4% loan-to-deposit ratio.

With a yield of 3.14% and first call in August 2031 (5.02 years), the OCBCSP 3.200% Perpetual can be suitable for investors looking to diversify into the banking sector, backed by OCBC's record profitability and diversifying fee income base — though the loss-absorption and call-extension risk inherent in a perpetual instrument remain key considerations specific to the note.

Read more: OCBC announces SGD NC5 perpetuals at an IPG of 3.50%

2. ANZ 6.749% 21Aug2046 Corp (AUD) (Yield: 6.80%)

Australia and New Zealand Banking Group (ANZ) is one of Australia's "Big Four" banks, with total assets of approximately A$760 billion and a market capitalisation of around A$110 billion.

ANZ delivered a stable 1H2026, with net interest income up 0.2% YoY to A$8.89 billion and non-interest income up 8.9% to A$2.32 billion. However, net interest margin slipped 3bps to 1.53% amid competitive asset pricings. Capital and liquidity are robust, with CET1 at 12.4% (well above the 10.25% requirement), a liquidity coverage ratio of 132% and a net stable funding ratio of 115%. With a yield of 6.80% and maturity in August 2046 (20.02 years), the ANZ 6.749% note can be suitable for investors looking to diversify into the banking sector with long-dated AUD exposure, backed by ANZ's strong capital position and resilient asset quality — though the long tenor leaves holders exposed to AUD rate and housing-policy risk over its life.

Read more: Credit Update: ANZ – High-Quality Defensive Credit with Compelling Yield Pickup (5.0%–6.0%)

3. GOOGL 5.200% 27Aug2029 Corp (AUD) (Yield: 5.27%)

GOOGL 5.500% 27Aug2031 Corp (AUD) (Yield: 5.58%)

GOOGL 6.250% 27Aug2036 Corp (AUD) (Yield: 6.18%)

GOOGL 6.900% 27Aug2046 Corp (AUD) (Yield: 6.92%)

Alphabet, Google's parent, is one of the world's largest technology companies, with revenue spanning Search, YouTube, Google Cloud and a growing AI/TPU infrastructure business, alongside Other Bets. Four AUD tranches feature on this list, spanning 2029 to 2046 maturities (3.04 to 20.04 years), giving investors a way to build out AUD duration exposure to a single very high-quality issuer across the curve.

Alphabet's 2Q2026 revenue rose 24% to US$119.8 billion, with consolidated operating income up 30% to US$40.8 billion and operating margin expanding to 34%. Leverage is rising off a low base to fund its AI build-out, with net debt widening from US$18.5 billion to US$62.3 billion and total debt-to-EBITDA up from 0.28x to 0.68x, though interest coverage remains comfortable at 65.6x (down from 301.9x). Capex outpaced operating cash flow for the first time in the company's history as a listed company, pushing 2Q2026 free cash flow negative at -US$5.9 billion, though trailing-twelve-month free cash flow remains positive at US$53.3 billion. Overall, Alphabet's dominant, highly profitable core businesses and Cloud's accelerating growth and margins provide very strong credit support.

Read more: Ad Machine Funds the AI Race: Alphabet Bonds Yield Up to 6.05%

Declaration: For specific disclosure, at the time of publication of this report, IFPL (via its connected and associated entities) holds positions in  OCBCSP 3.200% Perpetual Corp (SGD), GOOGL 5.200% 27Aug2029 Corp (AUD), GOOGL 6.250% 27Aug2036 Corp (AUD), and GOOGL 6.900% 27Aug2046 Corp (AUD). The analyst who produced this report holds NIL positions in the abovementioned securities. This research report was prepared with the assistance of artificial intelligence (AI) tools. iFAST Financial Pte Ltd does not rely exclusively on AI for content generation; the content of this report – including all investment theses, ratings, price targets and conclusions – has been independently reviewed and verified by the research analyst(s) to ensure accuracy and professional integrity.