Just Priced — New Issues
Bonds issued within the last 90 days.
New issuance offers a fresh opportunity set. This theme gathers ten bonds priced within the last 90 days across Basic Materials, Financial, Communications, Utilities and sovereign debt, with yields spanning roughly 10% to nearly 20%. Pricing on new deals often reflects a concession to attract investors, so the entry levels deserve close attention. Yield is the headline draw. CSNABZ's 11% 2030 notes offer a 19.25% yield to worst, but their B rating signals that the premium compensates for meaningful credit risk. Sovereign exposure is also available through GABON's 9.375% 2034s, which yield 12.49%. Investors prioritising credit quality may find more balanced value. ZENARC's BBrated 8.875% 2031s yield 13.12%, a strong return for a higherrated credit, while ARXOFN's Brated 11% 2031s yield 12.04%, offering solid carry relative to the rest of the group.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CSN Inova Ventures | …AA54 | 11 | 19.248 | 78.51 | 2030-08-12 | B- | USD | 700MM | |
| 2 | MPT Operating Partnership LP / MPT Finance Corporation | …AB77 | 9.25 | 14.293 | 81.7617177 | 2032-02-15 | 2028-08-10 | CCC+ | USD | 2.4BN |
| 3 | Zenith Arc LLC | …AA70 | 8.875 | 13.123 | 85.125 | 2031-08-31 | 2028-08-31 | BB | USD | 2.25BN |
| 4 | Gabonese (Republic of) | …2253 | 9.375 | 12.494 | 84.5433333 | 2034-10-21 | No Rating | USD | 580MM | |
| 5 | Giga Mais Fibra Luxembourg S.a r.l. | …AA01 | 11.95 | 12.422 | 98.15 | 2032-02-25 | 2028-02-15 | No Rating | USD | 350MM |
| 6 | ARXO FINANCE PLC | …9844 | 11 | 12.039 | 96.215 | 2031-09-24 | 2029-03-24 | B | USD | 300MM |
| 7 | Banco Multiva SA | …AC86 | 11 | 10.761 | 100.8355 | 2176-08-10 | 2031-08-10 | High Yield 2 | USD | 300MM |
| 8 | National Power Company Ukrenergo Private Joint Stock Company | …4210 | 8.5 | 10.719 | 91.5 | 2031-12-01 | No Rating | USD | 395MM | |
| 9 | EDL-Generation Public Company | …AA05 | 11.125 | 10.688 | 100.9856625 | 2031-08-11 | 2029-08-11 | CCC+ | USD | 300MM |
| 10 | EDL-Generation Public Company | …AA97 | 11.125 | 10.688 | 100.9856625 | 2031-08-11 | 2029-08-11 | CCC+ | USD | 300MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.