19 New Bonds on Bondsupermart Live: Explore Yields of Up to 8.3% Across Global Issuers

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 19 new live issues onto Bondsupermart Live – all tradable with live pricing (see Table 1 below), spanning financials, technology, industrials, communication services and consumer discretionary 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, so please refer to the table for each bond.)

1. ASLAU 7.500% 26Apr2029 Corp (USD) (Yield: 6.33%)

Perenti is a Perth-based, ASX-listed mining services group operating across Australia, Africa and North America.

FY2026 results showed limited earnings growth but a stronger balance sheet. Underlying revenue fell 0.8% YoY to AUD3.5 billion, while underlying EBIT(A) rose 1.9% to AUD339.7 million, lifting margins slightly. Underlying NPAT(A) rose 7.6% to AUD192.1 million, helped by lower interest costs. Statutory profit attributable to shareholders fell 84.4% to AUD18.8 million, largely due to AUD54.3 million of impairments and a AUD64.4 million non-cash loss from revaluing BTP ahead of its sale.

Operating cash flow fell 13.0% to AUD444.0 million, partly due to the timing of AUD50.9 million of client receipts. Gross debt declined to AUD593.9 million from AUD786.0 million, while net leverage improved to 0.4x from 0.5x, strengthening debt-servicing capacity.

At a 6.33% yield and April 2029 maturity, the ASLAU 7.500% note offers short-dated exposure to a BB+-rated issuer with low leverage and solid cash generation. Key risks remain modest earnings growth, commodity concentration, higher-risk operating jurisdictions and future capital deployment.

2. SOCGEN 5.371% 27May2032 Corp (USD) (Yield: 6.09%)

    SOCGEN 8.000% Perpetual Corp (USD) (Yield: 8.33%)

Société Générale is a major European bank serving around 27 million clients across 58 countries. Its businesses span French retail banking, private banking and insurance, corporate and investment banking, international retail banking, consumer finance and vehicle leasing through Ayvens.

Société Générale's 3Q2026 results showed stronger profitability, supported by revenue growth and cost discipline. Net profit rose 24.1% YoY to EUR1.9 billion as revenue grew 7.8%, while costs rose just 0.8%. French retail, private banking and insurance net profit jumped 55.4%, supported by higher net interest income and lower costs, although SG Network loans fell 2.0% YoY. Global Markets also performed strongly, with revenue up 18.0%, while the Mobility and International Banking division weakened.

Asset quality remained broadly stable, although the NPL ratio edged up to 2.75% from 2.70%. Capital and liquidity remain sound, with a CET1 ratio of 13.4%, around 3.2 percentage points above requirements, and a liquidity coverage ratio of 145%. Overall, the credit profile remains solid, supported by stronger profitability and comfortable capital buffers, although weaker mobility earnings and a slight rise in problem loans warrant monitoring.

The SOCGEN 5.371% note maturing in May 2032 yields 6.09%, while the SOCGEN 8.000% perpetual AT1 yields 8.33% to its first call in September 2033, around 6.4 years away. The higher AT1 yield compensates investors for greater risk, including discretionary coupon cancellation, principal loss absorption and the possibility that the bond is not called. If not called, its coupon resets to the 5-year US Treasury rate plus 3.1%.

3. SSLINS 6.875% 02Nov2056 Corp (USD) (Yield: 6.22%)

Samsung Life Insurance is South Korea's largest life insurer and a core affiliate of the Samsung Group. It sells protection, savings and annuity products, supported by an exclusive agency network of nearly 45,000 agents. It earns from both insurance underwriting and investment income, including dividends from its roughly 8.5% stake in Samsung Electronics.

Samsung Life's 1H2026 profit growth was driven mainly by investment income rather than insurance operations. Net profit rose 35.8% YoY to KRW1.9 trillion, supported by higher dividends and subsidiary income, while insurance service profit fell 35.9% to KRW533.1 billion on higher medical claims and a one-off KRW83.0 billion provision. New business contractual service margin (CSM), an indicator of future insurance profits, rose 20.4% to KRW1.7 trillion, supporting future earnings.

Capital remains a key strength, with a K-ICS solvency ratio of 208.0%, more than twice regulatory capital requirements. The Samsung Electronics stake provides dividend income and financial flexibility, although it also increases exposure to movements in the company's share price.

At a 6.22% yield to its first call in November 2031, the SSLINS 6.875% 2056 Tier 2 note (- / A2 / A+) offers exposure to a strongly capitalised insurer. However, it ranks behind policyholders and senior creditors, while coupons may be cancelled on a non-cumulative basis. If not called in 2031, the coupon resets every five years to the 5-year US Treasury yield plus 2.054%, implying about 6.05% if the Treasury yield is 4.0%. From November 2036, an additional 100bp step-up applies, increasing Samsung Life's incentive to redeem, although investors still face extension risk if the bond is not called.

4. ACAFP 4.850% 27Feb2033 Corp (SGD) (Yield: 3.99%)

Crédit Agricole S.A. (CASA) is the listed entity and central body of Crédit Agricole Group, one of Europe's largest banking groups and a global systemically important bank. It is 62.8%-owned by the Group's Regional Banks and operates across retail banking, asset management through Amundi, insurance, corporate and investment banking, and consumer finance.

CASA's 3Q2026 results showed solid earnings growth, with weakness concentrated in consumer and auto finance. Net income Group share rose 17.9% YoY to EUR2.0 billion, or 11.0% on an adjusted basis. Revenue grew 7.5% to EUR7.1 billion while expenses rose only 2.4%, causing the cost-to-income ratio to fall to 55.4% from 58.2%, reflecting improved operating efficiency.

Cost of risk increased 19.6% to EUR585 million, but asset quality remained stable, with the NPL ratio unchanged QoQ at 2.5%. The main weak spot was Specialised Financial Services, where net income fell to EUR9 million from EUR97 million, mainly reflecting pressure in Personal Finance & Mobility from weaker used-car margins and rental activity. However, the division contributed only around 2.0% of CASA's core-business earnings in 9M2026, limiting the impact on the overall credit profile.

Capital and liquidity remain sound. CASA's CET1 ratio of 11.2% was around 2.4 percentage points above requirements, while its liquidity coverage ratio stood at 141.0%. The wider Group's CET1 ratio of 17.3% provides further comfort given Crédit Agricole's internal financial solidarity mechanism. Overall, CASA's credit profile remains solid, although rising credit costs and weakness in consumer and auto finance warrant monitoring.

At a yield of 3.99% to its first call in February 2028 (1.3 years), the ACAFP 4.850% note offers short-dated exposure to a large, diversified European bank with sound capital and liquidity. Rising credit costs and pressure in consumer and auto finance remain key considerations. Investors should also note the risk that the note is not called in 2028, in which case it would run to its final maturity in February 2033.

5. ARTAUS 5.598% 12Jun2031 Corp (AUD) (Yield: 5.78%)

Australian Rail Track Corporation (ARTC) is wholly owned by the Australian Government and manages more than 9,600km of rail track across five states. It earns most of its revenue by charging operators for network access, with coal remaining an important source of revenue.

ARTC's FY2026 results showed an improvement in underlying operating performance. Access revenue rose 1.0% YoY to AUD863.5 million from AUD854.6 million, while EBITDAI increased 12.0% to AUD341.1 million from AUD304.5 million. The faster growth in EBITDAI relative to access revenue indicates improved operating profitability and provides greater capacity to absorb interest and other fixed costs.

However, ARTC remains capital-intensive. Its Network Investment Program involves more than AUD1 billion of investment over six years, including AUD540 million of Australian Government funding, highlighting the importance of government support to its credit profile. Coal exposure also remains a longer-term risk, with coal accounting for 58% of revenue in FY2025 as global demand gradually declines.

At a 5.78% yield and June 2031 maturity, the ARTAUS 5.598% note offers exposure to a government-owned infrastructure issuer with improving operating earnings. Key considerations remain its sizeable capital requirements, leverage and longer-term pressure on coal-related volumes.

6. LSELN 4.500% 19Oct2028 Corp (GBP) (Yield: 5.22%)

London Stock Exchange Group (LSEG) is a global financial markets infrastructure and data provider. Its businesses include the London Stock Exchange and Tradeweb, clearing through LCH, and data and index businesses including FTSE Russell.

LSEG's 3Q2026 results showed strong growth and cash generation. Total income excluding recoveries rose 8.8% YoY on an organic constant-currency basis to GBP2.4 billion. Markets led with 12.5% growth, supported by elevated trading and clearing activity, while subscription businesses (around 60% of income) grew 6.6%, providing a sizeable recurring revenue base. Management consequently raised FY2026 guidance to at least 8.0% revenue growth and at least GBP2.8 billion of equity free cash flow.

However, LSEG is deploying this cash aggressively. The USD3.5 billion Octus acquisition, Tradeweb's USD1.75 billion net purchase of Trumid and GBP2.6 billion of share buybacks so far in 2026 are expected to lift leverage towards the upper end of LSEG's 1.5–2.5x net debt-to-EBITDA target range by end-2027. Management expects leverage to return towards the middle of the range by end-2028, making deleveraging and capital-allocation discipline increasingly important for creditors.

At a 5.22% yield and October 2028 maturity, the LSELN 4.500% note offers relatively short-dated exposure to a diversified market infrastructure and data provider with strong recurring revenue and cash generation. Key risks are higher leverage from acquisitions and shareholder returns, integration risk, and some moderation in Markets revenue if trading activity and volatility normalise.

Declaration: For specific disclosure, at the time of publication of this report, IFPL (via its connected and associated entities) holds positions in  GOOGL 4.875% 15Aug2031 Corp (USD), GOOGL 6.250% 15Aug2046 Corp (USD), AMZN 4.600% 09Jul2029 Corp (USD), BNP 4.375% 01Mar2033 Corp (USD), BNP 7.125% Perpetual Corp (USD), HSBC 6.262% 03Nov2037 Corp (USD), MEITUA 4.500% 05May2031 Corp (USD), META 5.250% 15May2036 Corp (USD), META 6.300% 15May2056 Corp (USD), ORCL 4.550% 04Feb2029 Corp (USD), ASLAU 7.500% 26Apr2029 Corp (USD), SSLINS 6.875% 02Nov2056 Corp (USD), SOCGEN 5.371% 27May2032 Corp (USD), SOCGEN 8.000% Perpetual Corp (USD), and ACAFP 4.850% 27Feb2033 Corp (SGD). 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.