7%+ Club — High-Coupon Income
Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.
The 7%+ Club screens for bonds with both a coupon and yieldtoworst of at least 7%, priced at 80 or above, with distressed names excluded. The result is a short list of highincome credits where yield is the primary return driver. Among the higherrated names, OHIFLY 13% 2029 (rated B) yields 18.6% at 88.5, and CSCHLD 11.75% 2029 (rated CCC) yields 20.0% at 85.72. Both offer substantial carry from US and Luxembourgdomiciled energy and communications issuers. Eastern European and Latin American paper offers the widest spreads: DTEKUA 7% 2027 yields 20.8% at 86.5, and METINV 7.65% 2027 yields 21.4% at 89.5. BRASKM bonds, rated D, show a yield of 23.5% to 34.2%, which signals meaningful restructuring risk and should be weighed accordingly.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BLH Escrow 1 LLC | …AA82 | 11 | 58.692 | 83.57 | 2030-01-31 | 2027-05-09 | NR | USD | 1.12BN |
| 2 | Braskem Netherlands Finance B V | …AH53 | 8.5 | 34.161 | 94.48 | 2031-01-12 | 2030-11-12 | D | USD | 850MM |
| 3 | Braskem Netherlands Finance B V | …AG70 | 7.25 | 23.52 | 93.8 | 2033-02-13 | 2032-11-13 | D | USD | 1BN |
| 4 | Pm General Purchaser Llc | …AA28 | 9.5 | 22.686 | 80.67 | 2028-10-01 | 2026-11-23 | CCC | USD | 650MM |
| 5 | Binghatti Sukuk SPC Ltd. | …4349 | 9.625 | 21.972 | 96.495 | 2027-02-28 | High Yield 1 | USD | 500MM | |
| 6 | Metinvest B.V. | …7516 | 7.65 | 21.406 | 89.5 | 2027-10-01 | 2027-07-01 | CCC+ | USD | 333MM |
| 7 | DTEK Energy B.V. | …0521 | 7 | 20.784 | 86.5 | 2027-12-31 | High Yield 4 | USD | 1.46BN | |
| 8 | CSC Holdings, LLC | …BA38 | 11.75 | 20.006 | 85.72 | 2029-01-31 | 2026-11-23 | CCC | USD | 2.05BN |
| 9 | CSN Resources S.A. | …AL44 | 8.875 | 18.606 | 93.68 | 2030-12-05 | 2026-12-05 | High Yield 1 | USD | 700MM |
| 10 | Ohi Group SA | …AB59 | 13 | 18.588 | 88.5 | 2029-07-22 | 2026-12-13 | B | USD | 380MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.