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 80 or higher, excluding distressed names. It isolates highincome opportunities across sectors and currencies. Yield pickup is concentrated in higherbeta credits: DTEKUA 7% 2027 (Utilities, Ukraine) yields 21.7% to worst, CSCHLD 11.75% 2029 (Communications, CCC) yields 20.0%, and OHIFLY 13% 2029 (Energy, B) yields 19.2%. Yields are dispersed. BRIEAS 11% 2030 shows a 58.7% yieldtoworst at 83.53, and BRASKM 8.5% 2031 carries a D rating despite a 34.2% yield, so credit quality and recovery expectations need close scrutiny before relative value is judged.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.53 | 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 | 27.694 | 94.8475 | 2027-02-28 | High Yield 1 | USD | 500MM | |
| 4 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.8 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 5 | Pm General Purchaser Llc | …AA28 | 9.5 | 22.686 | 80.6 | 2028-10-01 | 2026-11-19 | CCC | USD | 650MM |
| 6 | DTEK Energy B.V. | …0521 | 7 | 21.697 | 85.5016667 | 2027-12-31 | High Yield 4 | USD | 1.46BN | |
| 7 | Metinvest B.V. | …7516 | 7.65 | 21.152 | 89.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 8 | CSC Holdings, LLC | …BA38 | 11.75 | 20.006 | 85.68 | 2029-01-31 | 2026-11-19 | CCC | USD | 2.05BN |
| 9 | Ohi Group SA | …AB59 | 13 | 19.238 | 87.25 | 2029-07-22 | 2026-12-10 | 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.