yes, and there is the added opportunity on GNSPA that they may be redeemed in near future given their current margin over BBSW is already a stepped up 5%. This margin might be considered too high for the credit risk. In the meantime, running yield is just below 12%. Redemption brings on a 33% capital gain. Seems pretty attractive.
One other below the radar screen is SAKHA. It is a note maturing in two years (31 Dec 2011) so guaranteed redemption. At first glance, yield is thin at around 5.7% and potential capital gain is only an extra 7% but with MAP shoring up balance sheet with capital raising, this is I think a safer one than most.
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