Park Your Cash — Short-Dated
Senior, A-/A3 or better bonds maturing within 24 months yielding ≥ 4.5%.
Navigating current liquidity management demands requires balancing capital preservation with yields that outpace standard cash equivalents, prompting a focused look at senior, highgrade shortdated instruments maturing within a 24month horizon. While standard screens capture typical frontend anchors like Taiwan Semiconductor’s October 2026 paper (yielding 17.1%) and the Republic of China’s sovereign issue at 24.1%, distressed pricing dynamics across select international credits have created anomalous opportunities. For portfolio managers deploying tactical cash reserves, names such as Pacific Life Corp’s 2028 maturity offering a 10.4% yieldtoworst and Intercontinental Exchange’s 2028 line at 7.6% provide robust carry without stretching duration risk or compromising on senior investmentgrade backing.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Korea Expressway Corp | …9101 | 2.7 | 87.964 | 99.2849745 | 2026-10-26 | Inv Grade 2 | USD | 200MM | |
| 2 | China (People's Republic Of) | …AE27 | 1.25 | 24.114 | 99.745 | 2026-10-26 | A+ | USD | 1.5BN | |
| 3 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 21.748 | 99.663 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 4 | Tsmc Arizona Corp. | …AA96 | 1.75 | 17.111 | 99.8709488 | 2026-10-25 | AA- | USD | 1.25BN | |
| 5 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 10.608 | 99.425 | 2026-11-17 | A- | USD | 800MM | |
| 6 | Pacific Life Global Funding II | …3M78 | 4.62 | 10.41 | 90.882 | 2028-07-10 | AA- | USD | 450MM | |
| 7 | Amipeace Ltd. | …5006 | 1.75 | 9.016 | 99.655 | 2026-11-09 | Inv Grade 3 | USD | 600MM | |
| 8 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 8.94 | 99.812 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 9 | Intercontinental Exchange Inc | …AJ30 | 3.75 | 7.603 | 93.2505 | 2028-09-21 | 2028-06-21 | A- | USD | 600MM |
| 10 | Rongshi International Finance Ltd. | …2628 | 1.875 | 7.518 | 99.5278572 | 2026-11-22 | 2026-11-20 | Inv Grade 3 | USD | 300MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.