7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club screens for USD bonds with both coupon and yieldtoworst at or above 7%, priced at 80 or higher, with distressed names excluded. It targets highincome opportunities across several sectors. Yields are elevated across the list, led by Ukraine's DTEKUA 7% 2027 at 21.25% YTW in utilities and US communications issuer CSCHLD 11.75% 2029 at 19.94%. Brazilian basic materials name CSNABZ 8.875% 2030, at 18.61%, adds regional and sector diversification. The yield premium reflects credit risk. SPLS 12.75% 2030 (CCC, 21.27% YTW) and unrated BINHLD 9.625% 2027 (34.01% YTW) show how much compensation the market demands for weaker credit, so issuerlevel analysis is essential. Shorterdated paper such as BINHLD and DTEKUA, both maturing in 2027, limits duration exposure while offering substantial carry.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.47 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 2 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.45 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 3 | Binghatti Sukuk SPC Ltd. | …4349 | 9.625 | 34.005 | 92.85875 | 2027-02-28 | High Yield 1 | USD | 500MM | |
| 4 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.78 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 5 | Pm General Purchaser Llc | …AA28 | 9.5 | 22.556 | 80.62 | 2028-10-01 | 2026-11-14 | CCC | USD | 650MM |
| 6 | Staples, Inc. | …AH52 | 12.75 | 21.271 | 80.85 | 2030-01-15 | 2027-06-15 | CCC | USD | 826MM |
| 7 | DTEK Energy B.V. | …0521 | 7 | 21.251 | 85.75 | 2027-12-31 | High Yield 4 | USD | 1.46BN | |
| 8 | Metinvest B.V. | …7516 | 7.65 | 20.948 | 89.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 9 | CSC Holdings, LLC | …BA38 | 11.75 | 19.943 | 85.69 | 2029-01-31 | 2026-11-13 | CCC | USD | 2.05BN |
| 10 | CSN Resources S.A. | …AL44 | 8.875 | 18.606 | 93.65 | 2030-12-05 | 2026-12-05 | High Yield 1 | USD | 701MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.