Energy & Energy Transition
Energy, oil & gas and renewables issuers.
Energy and energy transition issuers form the most dispersed theme in this screen, spanning distressed oil and gas names to renewableslinked credits, so issuer selection matters more than sector exposure alone. The top of the ranking is dominated by stressed, unrated paper. PDVSA's 6% 2026s at 52.17 (YTW around 3,142%) and PFCLN 9.75% 2026s at 93.14 (YTW around 1,008%) price in meaningful nearterm default or restructuring risk, so their headline yields signal distress more than usable carry. Further down, LUKOIL 2.8% 2027s at 82 (YTW 49.6%) and SCCPWR 4% 2032s at 13.01 (YTW 54.0%) offer a cleaner relativevalue test, since their discounts reflect credit, liquidity and recovery assumptions rather than simply maturity. CNECN 5.75% 2028s at 40.47 (YTW 59.8%) fall in the same bracket, where spread compensation must be weighed against the quality of the underlying exposure.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Petroleos de Venezuela SA | …AR68 | 6 | 3141.625 | 52.17 | 2026-11-15 | NR | USD | 4.5BN | |
| 2 | Petroleos de Venezuela SA | …4954 | 5.375 | 1176.135 | 16.41 | 2027-04-12 | NR | USD | 3BN | |
| 3 | Petrofac Ltd. | …AF87 | 9.75 | 1008.131 | 93.14 | 2026-11-15 | NR | USD | 600MM | |
| 4 | Oro Sg Pte Ltd | …1505 | 12 | 897.366 | 69.65 | 2026-12-20 | No Rating | USD | 318MM | |
| 5 | MIE Holdings Corporation | …3636 | 0 | 158.464 | 35.15 | 2028-02-29 | No Rating | USD | 272MM | |
| 6 | Canacol Energy Ltd. | …AC64 | 5.75 | 59.776 | 40.47 | 2028-11-24 | 2026-11-15 | NR | USD | 495MM |
| 7 | SCC Power PLC | …AC20 | 4 | 53.999 | 13.01 | 2032-05-17 | 2026-11-10 | High Yield 4 | USD | 217MM |
| 8 | Lukoil Capital Designated Activity Company | …1448 | 2.8 | 49.585 | 82 | 2027-04-26 | 2027-01-26 | No Rating | USD | 1.15BN |
| 9 | PT Berau Coal | …AB18 | 2 | 45.455 | 47.5 | 2028-10-15 | No Rating | USD | 800MM | |
| 10 | Petroleos de Venezuela SA | …7205 | 5.5 | 38.369 | 16.51 | 2037-04-12 | NR | USD | 1.5BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.