Just Priced — New Issues
Bonds issued within the last 90 days.
This theme captures ten USD bonds issued within the last 90 days, spanning financial, communications, materials, government, utilities and energy issuers. Most of the pipeline offers high singledigit to lowteens yields, giving investors a broad menu of newissue spread across credit qualities. The highestyielding highyield name is Zenarc's 8.875% 2031 notes, rated BB, which yield 13.02%. Arxofn's 11% 2031 notes, rated B, follow closely at 12.304%, offering meaningful pickup for a comparable maturity window. Sovereign and quasisovereign paper adds further relative value. Gabon's 9.375% 2034s yield 12.298%, while NPCUKR's 8.5% 2031s yield 10.915%. Geopark's 9.5% 2033s, rated B+, offer 10.597%, providing a higherrated energy alternative within the same yield range.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | China SCE Group Holdings Ltd. | …2495 | 0 | 887.892 | 0.75 | 2028-04-23 | No Rating | USD | 711MM | |
| 2 | China SCE Group Holdings Ltd. | …0824 | 2 | 105.656 | 2.5 | 2032-10-23 | No Rating | USD | 603MM | |
| 3 | China SCE Group Holdings Ltd. | …6946 | 1 | 85.629 | 1.5 | 2034-10-23 | No Rating | USD | 250MM | |
| 4 | Zenith Arc LLC | …AA70 | 8.875 | 13.02 | 85.5 | 2031-08-31 | 2028-08-31 | BB | USD | 2.25BN |
| 5 | ARXO FINANCE PLC | …9844 | 11 | 12.304 | 95.305 | 2031-09-24 | 2029-03-24 | B | USD | 300MM |
| 6 | Gabonese (Republic of) | …2253 | 9.375 | 12.298 | 85.4318182 | 2034-10-21 | No Rating | USD | 580MM | |
| 7 | San Juan (Province Of) | …AC23 | 9.55 | 11.14 | 91.15 | 2035-10-01 | 2035-08-01 | High Yield 2 | USD | 600MM |
| 8 | National Power Company Ukrenergo Private Joint Stock Company | …4210 | 8.5 | 10.915 | 90.82 | 2031-12-01 | No Rating | USD | 395MM | |
| 9 | GeoPark Ltd. | …AE51 | 9.5 | 10.597 | 94.69 | 2033-10-28 | 2029-10-28 | B+ | USD | 550MM |
| 10 | GeoPark Ltd. | …AD10 | 9.5 | 10.597 | 94.6875 | 2033-10-28 | 2029-10-28 | B+ | USD | 550MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.