7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club targets liquid highyield opportunities meeting strict cashflow criteria, featuring coupons and yieldstoworst at or above 7% while trading at cash prices of 80 or higher. This cohort appeals to fixedincome portfolios seeking elevated absolute income without venturing into deeply distressed price territory. Extreme yield dispersion defines the current screen, driven by idiosyncratic credit risk across cyclical, industrial, and emergingmarket sectors. Standouts include the XRX 13.5% offering a 38.9% YTW and the GTRC 12% yielding 22.8%, reflecting significant risk premiums demanded by the market. Geopolitical and sectorspecific headwinds also unlock compelling relative value in select names, such as Ukrainian credits METINV at a 24.9% YTW and DTEKUA at 20.8%. Professional investors can leverage these distressed or stressed valuations to lock in doubledigit yields across diverse global issuers.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.41 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 2 | Xerox Corp. | …AQ35 | 13.5 | 38.923 | 93.54 | 2031-04-15 | 2028-04-15 | CCC | USD | 494MM |
| 3 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.44 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 4 | Metinvest B.V. | …7516 | 7.65 | 24.944 | 86.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 5 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.77 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 6 | Binghatti Sukuk SPC Ltd. | …4349 | 9.625 | 22.982 | 95.8124314 | 2027-02-28 | High Yield 1 | USD | 500MM | |
| 7 | Guitar Center, Inc. | …AS81 | 12 | 22.844 | 81.875 | 2029-01-15 | 2027-02-15 | High Yield 3 | USD | 574MM |
| 8 | Pm General Purchaser Llc | …AA28 | 9.5 | 22.556 | 80.5 | 2028-10-01 | 2026-11-07 | CCC | USD | 650MM |
| 9 | Staples, Inc. | …AH52 | 12.75 | 21.271 | 80.79324 | 2030-01-15 | 2027-06-15 | CCC | USD | 826MM |
| 10 | DTEK Energy B.V. | …0521 | 7 | 20.814 | 86 | 2027-12-31 | High Yield 4 | USD | 1.46BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.