Just Priced — New Issues
Bonds issued within the last 90 days.
Ten USD bonds issued within the last 90 days make up this newissue theme, spanning sovereign, corporate and financial paper across a range of credit qualities. Yields are attractive on several names: Zenarc's 8.875% 2031 notes (BB) yield 13.19%, and Gabon's 9.375% 2034 sovereign bonds offer 12.16%, both at prices below par that add to total return. Higherquality credits still pay meaningful income. SoftBank's 9.75% 2034 notes (BB+) yield 10.52%, while Geopark's 9.5% 2033 bonds (B+) yield 10.28%, giving investors relative value across energy and communications.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | China SCE Group Holdings Ltd. | …2495 | 0 | 884.361 | 0.75 | 2028-04-23 | No Rating | USD | 711MM | |
| 2 | China SCE Group Holdings Ltd. | …0824 | 2 | 105.64 | 2.5 | 2032-10-23 | No Rating | USD | 603MM | |
| 3 | Zenith Arc LLC | …AA70 | 8.875 | 13.185 | 84.97334 | 2031-08-31 | 2028-08-31 | BB | USD | 2.25BN |
| 4 | Gabonese (Republic of) | …2253 | 9.375 | 12.163 | 86.0420645 | 2034-10-21 | No Rating | USD | 580MM | |
| 5 | ARXO FINANCE PLC | …9844 | 11 | 12.147 | 95.845 | 2031-09-24 | 2029-03-24 | B | USD | 300MM |
| 6 | San Juan (Province Of) | …AC23 | 9.55 | 11.14 | 91.15 | 2035-10-01 | 2035-08-01 | High Yield 2 | USD | 600MM |
| 7 | National Power Company Ukrenergo Private Joint Stock Company | …4210 | 8.5 | 10.915 | 90.81828 | 2031-12-01 | No Rating | USD | 395MM | |
| 8 | Softbank Group Corp. | …AC70 | 9.75 | 10.515 | 96.1145454 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 9 | Shamaran Petroleum Ltd. | …3440 | 10.25 | 10.314 | 99.75 | 2031-11-05 | 2029-05-05 | No Rating | USD | 200MM |
| 10 | GeoPark Ltd. | …AE51 | 9.5 | 10.278 | 96.1875 | 2033-10-28 | 2029-10-28 | B+ | USD | 550MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.