7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club screens for bonds with both coupon and yieldtoworst at or above 7%, priced at or above 80 and excluding distressed names. It isolates highincome opportunities across industrials, materials, utilities, communications and energy, where investors are being paid well for the credit risk they take on. Midtier credits offer some of the most compelling riskreward on the list. OHIFLY 13% 2029, rated B, yields 18.27% at 89.04, while CSCHLD 11.75% 2029, rated CCC, yields 20.01% at 85.62. BINHLD 9.625% 2027 yields 28.68% at 94.41, with a short tenor that limits duration exposure. Yields across the list are unusually elevated, and the outliers need scrutiny. DTEKUA 7% 2027 yields 21.81% and METINV 7.65% 2027 (CCC+) yields 20.64%, but the 58.69% YTW on BRIEAS 11% 2030, which is unrated and priced at 83.49, signals pricing or credit concerns that must be verified before any of these levels are treated as income.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.49 | 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 | 28.682 | 94.408 | 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 | 22.686 | 80.5 | 2028-10-01 | 2026-11-16 | CCC | USD | 650MM |
| 6 | DTEK Energy B.V. | …0521 | 7 | 21.813 | 85.2725 | 2027-12-31 | High Yield 4 | USD | 1.46BN | |
| 7 | Metinvest B.V. | …7516 | 7.65 | 20.642 | 89.75 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 8 | CSC Holdings, LLC | …BA38 | 11.75 | 20.006 | 85.62 | 2029-01-31 | 2026-11-16 | CCC | USD | 2.05BN |
| 9 | CSN Resources S.A. | …AL44 | 8.875 | 18.606 | 93.66 | 2030-12-05 | 2026-12-05 | High Yield 1 | USD | 700MM |
| 10 | Ohi Group SA | …AB59 | 13 | 18.271 | 89.04 | 2029-07-22 | 2026-12-06 | B | USD | 380MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.