7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club theme highlights highyielding, dollardenominated credit opportunities offering both elevated nominal coupons and compelling yieldstoworst above 7% while maintaining cash prices of 80 or higher. The screen captures pronounced distress pricing and idiosyncratic risk across cyclical sectors, featuring extreme outliers such as Ambibiz’s 9.875% 2031 notes yielding 68.0% and Brieas's 11% 2030 paper at a 58.7% YTW. Across the remainder of the cohort, opportunistic investors can harvest doubledigit yields in names like Xerox (XRX 13.5% 2031 at 38.9% YTW) and Shutterfly (SFLY 11% 2027 at 38.9% YTW), balancing steep return potential against notable credit and restructuring headwinds.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ambipar Luxembourg S.a.r.l. | …AA30 | 9.875 | 68.037 | 94.31 | 2031-02-06 | 2027-02-06 | NR | USD | 553MM |
| 2 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.27 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 3 | Xerox Corp. | …AQ35 | 13.5 | 38.923 | 93.52 | 2031-04-15 | 2028-04-15 | CCC | USD | 494MM |
| 4 | Shutterfly LLC | …AA08 | 11 | 38.913 | 91.98 | 2027-10-01 | High Yield 3 | USD | 300MM | |
| 5 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.4 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 6 | Metinvest B.V. | …7516 | 7.65 | 27.221 | 84.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 7 | CSC Holdings, LLC | …BA38 | 11.75 | 23.596 | 99.53 | 2029-01-31 | 2026-10-26 | CCC | USD | 2.05BN |
| 8 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.75 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 9 | Guitar Center, Inc. | …AS81 | 12 | 22.166 | 87.42 | 2029-01-15 | 2027-02-15 | High Yield 3 | USD | 574MM |
| 10 | CSC Holdings, LLC | …AZ97 | 11.25 | 21.669 | 99.54 | 2028-05-15 | 2026-10-26 | CCC | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.