Energy & Energy Transition
Energy, oil & gas and renewables issuers.
This highyielding screen in the Energy and Energy Transition sector is completely dominated by distressed, sanctionshit, and highbeta credits trading at deep discounts, offering extreme riskadjusted return potential for sophisticated distressed debt investors. Yieldtoworst metrics have reached astronomical extremes across the basket, led by Petrofac (PFCLN) yielding over 1,008% and Oro Negro (OROSGP) hovering near 897%, reflecting severe nearterm restructuring and default pricing. Meanwhile, sovereignlinked and sanctioned issuers like PDVSA, Lukoil, and Gazprom present unique geopolitical and macrodriven entry points, with Lukoil's shortdated 2026 and 2027 maturities offering double to tripledigit yields for portfolios with high risk tolerance.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Petrofac Ltd. | …AF87 | 9.75 | 1008.131 | 81.99 | 2026-11-15 | 2026-11-13 | NR | USD | 600MM |
| 2 | Oro Sg Pte Ltd | …1505 | 12 | 897.366 | 63.63 | 2026-12-20 | No Rating | USD | 318MM | |
| 3 | Petroleos de Venezuela SA | …AR68 | 6 | 329.624 | 81.59 | 2026-11-15 | NR | USD | 4.5BN | |
| 4 | MIE Holdings Corporation | …3636 | 0 | 158.464 | 33.64 | 2028-02-29 | No Rating | USD | 272MM | |
| 5 | Petroleos de Venezuela SA | …4954 | 5.375 | 138.276 | 67.99 | 2027-04-12 | NR | USD | 3BN | |
| 6 | Lukoil International Finance BV | …5886 | 4.75 | 108.367 | 99.36 | 2026-11-02 | NR | USD | 1BN | |
| 7 | Lukoil International Finance BV | …AL44 | 4.75 | 101.81 | 99.64 | 2026-11-02 | NR | USD | 1BN | |
| 8 | Lukoil Capital Designated Activity Company | …1448 | 2.8 | 60.409 | 93.14 | 2027-04-26 | 2027-01-26 | No Rating | USD | 1.15BN |
| 9 | Canacol Energy Ltd. | …AC64 | 5.75 | 56.965 | 71.9 | 2028-11-24 | 2026-10-24 | NR | USD | 495MM |
| 10 | Gaz Finance plc | …1095 | 8.114 | 47.043 | 100.17 | 2170-10-26 | 2027-01-26 | NR | USD | 331MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.