How do you get the yield on the SUNPI?
Thanks James as always for your informative daily ideas, Could you clarify the yield to first call Calculations on hybrids especially the SUNPI quoted in today’s report. The rate for sunpi is 2.9% plus bbsw for a total currently 2.9155%pa which includes the fr cr. How do you then get it up to 4.36% Y.T.ist call? I’m not saying you are wrong. Just interested. Do they take into account predicted bbsw increases from now to first call? If so it’s a manipulated figure and really fair Anyway thanks again