Check out these new bonds offering up to 8% from Apple to Warner Bros for your consideration!

Explore our latest Bondsupermart live additions featuring yields up to 8%. From Tech and Financials to Property, we break down the issuers and our key investment takeaways for each.

iFAST Research Team23 Feb 2026 969 Views

Check out these new bonds offering up to 8% from Apple to Warner Bros for your consideration!

Recently, we have uploaded new Bondsupermart live issues on our platform. These bonds offer decent yields of up to 8% from a diverse range of issuers spanning multiple industries, including technology, financials, and property.

In this article, we share our thoughts on each issuer and the corresponding bonds on offer.

PFE 5.300% 19May2053 Corp (USD)

PFE 5.300% 19May2053 Corp (USD) offers a yield to worst of roughly 5.57% with a long tenor of 26.76 years. These bonds offer decent yield pickup compared to other similar tenor bonds issued by its tech peers. We think this issue is suitable for investors seeking high-quality, stable income over a long horizon.

For the full year ending 2025 (FY2025), Pfizer’s revenue was stable at US$62.6b, with net income declining 3% year-on-year (YoY) to US$7.8b. Encouragingly, its non-COVID portfolio grew 14% YoY to US$10.2b. Pfizer has a Net Debt / EBTIDA of 1.8x and an interest coverage ratio of ~11.8x, well supported by its resilient cash-generating ability. The Group’s operating cash flow (OCF) for FY2025 came in at a resilient US$13.1b, while reported free cash flow (FCF) was positive at US$10.2b.

AAPL 2.400% 20Aug2050 Corp (USD)

AAPL 2.400% 20Aug2050 Corp (USD) offers a yield to worst of 5.14%, with 24.01 years to call. These bonds offer decent yield for quality-income seekers seeking exposure to one of the most well-known companies in the world.

In its latest quarter ending 27 December 2025 (1Q2026), Apple reported revenue of US$143.8b, up 16% YoY, and a net income of US$42.1b, rising 16% YoY. Apple’s strong recent operating performance is primarily led by record highs in its iPhone sales and services revenue.

The company has a strong investment-grade credit profile. Apple boasts a fortress balance sheet, with a net cash position of roughly US$54.3b. Furthermore, the company has a negative net interest expense, where it earns more from interest income than it pays on interest expense. This strong credit profile is supported by its prolific cash generation, with a trailing 12 months (TTM) operating cash flow of US$135.5b and a TTM free cash flow of US$123.3b. Looking forward, we expect Apple to maintain its strong credit profile.

MSFT 2.525% 01Jun2050 Corp (USD)

MSFT 2.525% 01Jun2050 Corp (USD) offers a yield to worst of 5.29%, with 23.80 years to call. These bonds offer a decent yield for quality-income seekers seeking stable income from a leader in AI, cloud, and enterprise services.

In its latest quarter ending 31 December 2025 (2Q2026), the technology giant reported revenue of US$81.3b, growing 17% YoY, and a net income of US$30.9b (stripping away the one-time gain from OpenAI), surging 23% YoY. Microsoft’s strong operating performance was led by its cloud (Azure) division, and increased AI adoption (Copilot).

Like Apple, Microsoft operates with a net cash position of roughly US$49.2b. Interest coverage is robust at TTM basis of 53.2x. The company is a prolific cash generator, recording a trailing 12 months (TTM) operating cash flow of US$160.5b and a TTM free cash flow of US$77.4b. Looking forward, we expect a thinning of free cash flow as the company invests in its AI business. Nevertheless, we do not expect any material weakening of its credit profile and we remain comfortable with its best-in-class credit profile.

GOOGL 2.050% 15Aug2050 Corp (USD)

GOOGL 2.050% 15Aug2050 Corp (USD) offers a yield to worst of 5.36%, with 24.00 years to call. Issued by the parent company Alphabet, which owns companies such as Google and YouTube, these bonds offer a decent yield for quality-income seekers seeking stable income from a leader in AI, digital advertising, and streaming (YouTube).

For the full year ending 31 December 2025 (FY2025), the technology giant reported revenue of US$402.8b, increasing 15% YoY, and a net income of US$132.2b, soaring 32% YoY. Alphabet’s strong FY25 results were due to a combination of accelerating cloud revenue, resilient showing in search, and a strong performance from YouTube.

Like its technology peers, Alphabet operates with a net cash position of roughly US$80.3b. Like Apple, the group’s interest income exceeds its interest payments. The company is a prolific cash generator, recording FY2025 operating cash flow of US$164.7b and a free cash flow of US$73.3b. Looking forward, free cash flow might soften as the group invests in its AI business. Nevertheless, we do not expect any material weakening of its credit profile, and we remain comfortable with its strong credit profile.

NFLX 5.400% 15Aug2054 Corp (USD)

NFLX 5.400% 15Aug2054 Corp (USD) offers a yield to worst of 5.54%, with 28.00 years to call. These bonds offer a solid yield for investors seeking exposure from a company that is increasingly turning profitable after years of investment.

For the full year ending 31 December 2025 (FY2025), the streaming giant reported revenue of US$45.2b, increasing 16% YoY, and a net income of US$132.2b, soaring 26% YoY. Netflix’s strong FY25 results were due to a combination of an increase in the number of subscribers, strong pricing power, and the increasing growth of its advertising segment.

Netflix has a solid investment-grade credit profile. Its Net Debt / EBITDA is low at 0.56x, with a strong interest coverage of 18.2x. The company is a solid cash generator, recording FY2025 operating cash flow of US$10.1b and a free cash flow of US$9.5b. Netflix is expected to take on roughly US$59b of debt to fund the acquisition of Warner Bros (see below). However, we do not expect significant deterioration in the Group’s credit profile after the potential debt take-up.

WBD 5.050% 15Mar2042 Corp (USD)

WBD 5.050% 15Mar2042 Corp (USD) offers an attractive yield to worst of 8.09%, with 15.58 years to call. These bonds offer a high-yield opportunity for investors seeking exposure to a storied media giant that is currently navigating a major structural transformation through proposed acquisitions by Netflix and Paramount, while being comfortable with a more leveraged issuer.

For the 9 months ending 30 September 2025 (9M2025), the media giant reported revenue of US$27.8b, declining 5% YoY, and a net income of US$996m, turning positive compared to 9M2024. Warner’s turnaround was driven by a 6.1% YoY revenue increase in the WarnerMedia segment and successful cost-reduction measures implemented.

Warner Bros. Discovery (Warner) has a current speculative-grade credit profile. Its Net Debt / EBITDA is elevated at 3.3x, albeit much lower than a peak of 5.1x in 2023, with a manageable interest coverage ratio of 4.7x. Total available liquidity stands at US$10.3b (US$4.3b in cash and US$6.0b in credit facility) against a gross debt of US$33.5b. The company remains a cash generator, recording TTM operating cash flow of US$10.0b and free cash flow of US$4.1b. Looking forward, we expect Warner’s credit profile to strengthen should it get acquired by either Paramount or Netflix. In the absence of any acquisition, we remain comfortable in Warner’s ability to cover its interest and debt obligations from the cash generated from its core media assets.

ANZ 6.124% 25Jul2039 Corp (AUD)

ANZ 6.124% 25Jul2039 Corp (AUD) offers a decent yield to worst of 5.86%, with 8.43 years to call. We think these tier 2 issues offer a decent yield for investors seeking exposure to a quality bank with operations spanning across Australia and New Zealand.

For the first quarter ending 31 December 2025 (1Q2026), the banking giant reported a solid 6% YoY increase in net profit amounting to A$1.9 billion. This increase in the bottom line was due to steady cost management (cost-to-income ratio declined to 49.5%) and stable net interest margin (1.56%).

ANZ has a strong investment-grade credit profile, being rated AA- by S&P, A+ by Fitch, and A1 by Moody’s. We like how its CET1 ratio improved slightly to 12.15%, mainly driven by earnings growth, which provides a decent buffer against regulatory requirements of 10.25%. ANZ continues to have a loan book of broadly high-quality assets (NPL ratio is low at 1.19%), well-diversified across wholesale and retail segments. Funding and liquidity profile is also stable, supported by steady customer deposits, with an NSFR of 116% and a LCR of 133%. Profitability is strong with a ROTE of 11.7% with higher operating and net income YoY.

STANLN 4.300% Perpetual Corp (SGD)

STANLN 4.300% Perpetual Corp (SGD) offers an attractive yield to worst of 3.97%, with 5.40 years to call. We think these issues offer an attractive yield for investors seeking safe income from a stable issuer.

For the third quarter ending 30 September 2025 (3Q2025), the banking giant reported a decent 5% YoY increase in underlying operating income amounting to US$5.2 billion on a constant currency basis. This increase in the bottom line was due to stronger growth in non-net interest income (+12% YoY), which offset flat net interest income (-1% YoY).

STANLN has a stable investment-grade credit profile. Its CET1 ratio remained stable at 14.2%, which provides a decent buffer against regulatory requirements of 10.3%. STANLN continues to have a loan book of broadly resilient assets (loan loss rate is low at 24 bps), with a strong focus on the wholesale segment. Key solvency ratios remain healthy and stable, with a leverage ratio of 4.6% and a liquidity coverage ratio of 151%.

AAREIT 4.100% Perpetual Corp (SGD)

AAREIT 4.100% Perpetual Corp (SGD) offers an attractive yield to worst of 4.11%, with 4.91 years to call. We think these issues offer an attractive yield for investors seeking steady income from an SGX-listed logistics specialist.

For the nine months ending 31 December 2025 (9M2026), the logistics specialist reported a decent 4.1% YoY increase in net property income (NPI) amounting to S$103.7 million. This increase in NPI was due to lower property expenses and healthy rental reversions (up 21.2% YoY).

AAREIT has a decent credit profile. Aggregate leverage stands at a manageable 36.6%, which provides a decent buffer against the MAS regulatory requirement of 50%. AAREIT’s leverage is accompanied by a decent interest coverage ratio of 2.6x. Furthermore, its debt maturity profile remains manageable, with roughly 46% of its debt due in FY2027 and FY2028 (note that FY2027 is 31 March 2027). We remain comfortable with the REIT’s ability to meet its upcoming obligations, given its steady ability to generate operating cash flows (S$112m annually over the past 4 years), and healthy available liquidity of S$123.5 million in cash and undrawn facilities.

Disclosure: For specific disclosure, at the time of publication of this report, IFPL (via its connected and associated entities) holds positions in AAPL 2.400% 20Aug2050 Corp (USD), MSFT 2.525% 01Jun2050 Corp (USD), GOOGL 4.500% 15May2035 Corp (USD), NFLX 5.400% 15Aug2054 Corp (USD), PFE 5.300% 19May2053 Corp (USD), WBD 5.050% 15Mar2042 Corp (USD), STANLN 4.300% Perpetual Corp (SGD), and AAREIT 4.100% Perpetual Corp (SGD). The analyst who produced this report holds a NIL position in the abovementioned securities.

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Check out these new bonds offering up to 8% from Apple to Warner Bros for your consideration!

PFE 5.300% 19May2053 Corp (USD)

AAPL 2.400% 20Aug2050 Corp (USD)

MSFT 2.525% 01Jun2050 Corp (USD)

GOOGL 2.050% 15Aug2050 Corp (USD)

NFLX 5.400% 15Aug2054 Corp (USD)

WBD 5.050% 15Mar2042 Corp (USD)

ANZ 6.124% 25Jul2039 Corp (AUD)

STANLN 4.300% Perpetual Corp (SGD)

AAREIT 4.100% Perpetual Corp (SGD)

In this article

ANZ 6.124% 25Jul2039 Corp (AUD)

AAREIT 4.100% Perpetual Corp (SGD)

GOOGL 2.050% 15Aug2050 Corp (USD)

AAPL 2.400% 20Aug2050 Corp (USD)

WBD 5.050% 15Mar2042 Corp (USD)

MSFT 2.525% 01Jun2050 Corp (USD)

NFLX 5.400% 15Aug2054 Corp (USD)

PFE 5.300% 19May2053 Corp (USD)

STANLN 4.300% Perpetual Corp (SGD)

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