7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club brings together USDdenominated corporate debt offering both nominal coupons and yieldstoworst of 7% or higher while trading at cash prices at or above 80, providing professional fixedincome investors with significant recurring cashflow generation in the current rate environment. The screen highlights compelling doubledigit return opportunities across heavily discounted industrial, technology, and communications credits, led by highbeta issues such as Xerox's 13.5% 2031 bonds yielding 38.9% and Shutterfly's 11% 2027 notes at a 38.9% YTW. While featuring speculativegrade and distressed ratings across several issuers—including Braskem and Metinvest—the cohort rewards bottomup credit pickers willing to navigate event risk in exchange for elevated riskadjusted spreads and strong pulltopar potential.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ambipar Luxembourg S.a.r.l. | …AA30 | 9.875 | 68.037 | 94.34 | 2031-02-06 | 2027-02-06 | NR | USD | 553MM |
| 2 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.38 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 3 | Xerox Corp. | …AQ35 | 13.5 | 38.923 | 93.54 | 2031-04-15 | 2028-04-15 | CCC | USD | 494MM |
| 4 | Shutterfly LLC | …AA08 | 11 | 38.913 | 92.18 | 2027-10-01 | High Yield 3 | USD | 300MM | |
| 5 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.43 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 6 | Metinvest B.V. | …7516 | 7.65 | 26.164 | 85.5799502 | 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 | 93.77 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 9 | Guitar Center, Inc. | …AS81 | 12 | 22.771 | 81.93 | 2029-01-15 | 2027-02-15 | High Yield 3 | USD | 574MM |
| 10 | CSC Holdings, LLC | …AZ97 | 11.25 | 21.669 | 99.56 | 2028-05-15 | 2026-11-05 | CCC | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.