7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club screens for USD bonds where both coupon and yieldtoworst are at least 7% and prices are at or above 80, with distressed names removed. It targets highcarry paper across sectors. Discounts to par drive yields well above coupons: OHIFLY 13% 2029 offers an 18.3% YTW at 89.03, CSCHLD 11.75% 2029 yields 20.0% at 85.61, and DTEKUA 7% 2027 yields 21.3% at 85.75. That pickup is substantial, but it also signals elevated credit risk. The list spans basic materials, utilities, communications, energy and industrials, with ratings concentrated in the B and CCC categories where assigned. Relative value therefore depends on issuerlevel credit analysis, and CSNABZ 8.875% 2030 at 93.65, yielding 18.6%, shows how much yield can differ across similarlooking credits.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.48 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 2 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.46 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 3 | Binghatti Sukuk SPC Ltd. | …4349 | 9.625 | 33.109 | 93.3644291 | 2027-02-28 | High Yield 1 | USD | 500MM | |
| 4 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.79 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 5 | Pm General Purchaser Llc | …AA28 | 9.5 | 22.556 | 80.64 | 2028-10-01 | 2026-11-14 | CCC | USD | 650MM |
| 6 | DTEK Energy B.V. | …0521 | 7 | 21.284 | 85.75 | 2027-12-31 | High Yield 4 | USD | 1.46BN | |
| 7 | Metinvest B.V. | …7516 | 7.65 | 20.298 | 90 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 8 | CSC Holdings, LLC | …BA38 | 11.75 | 20.006 | 85.605391 | 2029-01-31 | 2026-11-15 | CCC | USD | 2.05BN |
| 9 | CSN Resources S.A. | …AL44 | 8.875 | 18.606 | 93.65 | 2030-12-05 | 2026-12-05 | High Yield 1 | USD | 701MM |
| 10 | Ohi Group SA | …AB59 | 13 | 18.271 | 89.03125 | 2029-07-22 | 2026-12-05 | B | USD | 380MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.