7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
Welcome to the "7%+ Club," a highcoupon income screen capturing USDdenominated corporate debt offering nominal coupons and yieldstoworst of at least 7.0% while trading above a floor price of 80. This cohort highlights opportunistic pockets of doubledigit return potential across industrial, technology, and basic materials sectors for institutional portfolios willing to navigate elevated credit dispersion. Yields across the ten qualifying issues skew aggressively wide, led by select unrated and distressedadjacent names trading at steep discounts to par, such as AMBIBZ yielding 68.037% and BRIEAS offering a 58.692% YTW. Even among more liquid midtier credits like XRX at 38.923% YTW and SFLY at 38.913% YTW, doubledigit coupons provide substantial cashflow generation against ongoing macroeconomic volatility. The screen balances these highbeta outliers with crossborder and cyclical credits—including Metinvest (METINV) at 24.739% YTW and dual Braskem (BRASKM) tranches scaling up to 34.161% YTW—providing seasoned fixedincome managers with targeted entry points for tactical yield enhancement and relativevalue positioning.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ambipar Luxembourg S.a.r.l. | …AA30 | 9.875 | 68.037 | 94.33 | 2031-02-06 | 2027-02-06 | NR | USD | 553MM |
| 2 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.35 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 3 | Xerox Corp. | …AQ35 | 13.5 | 38.923 | 93.53 | 2031-04-15 | 2028-04-15 | CCC | USD | 494MM |
| 4 | Shutterfly LLC | …AA08 | 11 | 38.913 | 92.12 | 2027-10-01 | High Yield 3 | USD | 300MM | |
| 5 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.42 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 6 | Metinvest B.V. | …7516 | 7.65 | 24.739 | 86.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 7 | CSC Holdings, LLC | …BA38 | 11.75 | 23.596 | 99.53 | 2029-01-31 | 2026-11-02 | CCC | USD | 2.05BN |
| 8 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.76 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 9 | Guitar Center, Inc. | …AS81 | 12 | 22.771 | 81.875 | 2029-01-15 | 2027-02-15 | High Yield 3 | USD | 574MM |
| 10 | CSC Holdings, LLC | …AZ97 | 11.25 | 21.669 | 99.55 | 2028-05-15 | 2026-11-02 | CCC | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.