7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club screens USD highcoupon bonds that offer both a coupon and a yieldtoworst of at least 7%, priced at 80 or above, with distressed names excluded. The ten constituents span industrials, financials, utilities, energy, communications and materials, giving investors broad sector access to high income. Yields remain elevated across the set. Binhld's 9.625% notes due 2027 offer a 28.8% yieldtoworst at a price near 94.5, while DTEK's 7% notes due 2027 yield 21.1% at 86. Credit quality varies widely. Metinv's CCC+rated 2027s yield 21.2%, and CSN's 8.875% notes due 2030 yield 18.6%, so investors are being paid for taking on meaningful credit risk. Position sizing and issuerlevel fundamentals will matter as much as the headline yield.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.52 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 2 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.47 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 3 | Binghatti Sukuk SPC Ltd. | …4349 | 9.625 | 28.822 | 94.5016667 | 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 | 80.57 | 2028-10-01 | 2026-11-16 | CCC | USD | 650MM |
| 6 | Metinvest B.V. | …7516 | 7.65 | 21.152 | 89.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 7 | DTEK Energy B.V. | …0521 | 7 | 21.141 | 86 | 2027-12-31 | High Yield 4 | USD | 1.46BN | |
| 8 | CSC Holdings, LLC | …BA38 | 11.75 | 20.006 | 85.66 | 2029-01-31 | 2026-11-16 | CCC | USD | 2.05BN |
| 9 | Ohi Group SA | …AB59 | 13 | 19.353 | 87.0354542 | 2029-07-22 | 2026-12-09 | B | USD | 380MM |
| 10 | CSN Resources S.A. | …AL44 | 8.875 | 18.606 | 93.67 | 2030-12-05 | 2026-12-05 | High Yield 1 | USD | 700MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.