Energy & Energy Transition
Energy, oil & gas and renewables issuers.
The energy and energy transition screening highlights severe geopolitical and restructuringdriven dislocation, creating extreme nominal yield opportunities in select distressed oil and gas credits. Venezuelan sovereign producer PDVSA dominates the top of the screen with yields stretching well into fourdigit territory, led by the PDVSA 6% maturing in November 2026 at a 3,141.6% YTW. Meanwhile, international names like Russian energy major LUKOIL offer more compressed yet exceptionally high doubledigit value, exemplified by its 2.8% 2027 maturity yielding 60.4%.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Petroleos de Venezuela SA | …AR68 | 6 | 3141.625 | 47.51 | 2026-11-15 | NR | USD | 4.5BN | |
| 2 | Petroleos de Venezuela SA | …4954 | 5.375 | 1176.135 | 16.26 | 2027-04-12 | NR | USD | 3BN | |
| 3 | Petrofac Ltd. | …AF87 | 9.75 | 1008.131 | 91.89 | 2026-11-15 | NR | USD | 600MM | |
| 4 | Oro Sg Pte Ltd | …1505 | 12 | 897.366 | 68.75 | 2026-12-20 | No Rating | USD | 318MM | |
| 5 | MIE Holdings Corporation | …3636 | 0 | 158.464 | 35 | 2028-02-29 | No Rating | USD | 272MM | |
| 6 | Lukoil Capital Designated Activity Company | …1448 | 2.8 | 60.409 | 93.75 | 2027-04-26 | 2027-01-26 | No Rating | USD | 1.15BN |
| 7 | Canacol Energy Ltd. | …AC64 | 5.75 | 59.776 | 40.38 | 2028-11-24 | 2026-11-13 | NR | USD | 495MM |
| 8 | SCC Power PLC | …AC20 | 4 | 53.785 | 13.08 | 2032-05-17 | 2026-11-08 | High Yield 4 | USD | 217MM |
| 9 | Gaz Finance plc | …1095 | 8.114 | 47.043 | 100.13 | 2170-10-26 | 2027-01-26 | NR | USD | 331MM |
| 10 | PT Berau Coal | …AB18 | 2 | 45.323 | 47.5 | 2028-10-15 | No Rating | USD | 800MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.