Corporates

GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

High Yield Corporate Bond Market Summary:
Week Ending 6/30/23

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

Quick Links

Forward Calendar

The following are lists of upcoming high-yield corporate bond offerings in the United States

Issuer Deal Information Banks Expected Issue Date
Highpeak Energy Inc. $575 million senior notes due 2028 BAML Q2 2023
Viasat Inc. $1.6 billion senior notes BAML Q2 2023
Aventiv Technologies Llc $400 million four-year first-lien senior secured notes (B3/B) DB Q2 2023
Pegasus Merger Co. (Tenneco Inc.) $1 billion six-year senior secured notes BAML Q2 2023
Connect Holding Ii Llc (Brightspeed) $1.865 billion senior secured BAML Q2 2023

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 6/23/23 – 6/30/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 PKSTAN 8.25 4/15/2024 8.25% 04/15/24 40.61% 70.54 50.17 21
2 PAKWNP 7.5 6/4/2031 7.50% 06/04/31 29.40% 43.21 33.40 19
3 SRILAN 6.35 6/28/2024 REGS 6.35% 06/28/24 16.74% 45.68 39.13 18
4 ARGENT 0.875 7/9/2035 0.88% 07/09/35 14.63% 26.89 23.46 7
5 ARGBON 0.5 7/9/2030 0.50% 07/09/30 11.15% 27.74 24.95 12
6 GOLLBZ 8 6/30/2026 REGS 8.00% 06/30/26 9.98% 55.57 50.53 18
7 UNSTSV 8 11/15/2029 144A 8.00% 11/15/29 9.50% 56.82 51.89 12
8 EXIMUK 9.95 11/14/2029 9.95% 11/14/29 9.34% 69.54 63.59 13
9 INCMBZ 5.75 7/17/2024 REGS 5.75% 07/17/24 9.22% 61.21 56.05 14
10 MAXDIY 5.875 10/1/2026 REGS 5.88% 10/01/26 8.59% 71.37 65.73 18

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 6/23/23 – 6/30/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 THAMES 4.625 5/19/2026 REGS 4.63% 05/19/26 -35.37% 55.37 85.68 18
2 BUEAIR FLT 3/29/2024 96.38% 03/29/24 -16.68% 100.50 120.62 2
3 AGILE 5.5 4/21/2025 5.50% 04/21/25 -15.46% 26.70 31.58 20
4 COFP 5.875 1/15/2024 REGS 5.88% 01/15/24 -14.81% 68.10 79.94 20
5 RAD 6.875 12/15/2028 6.88% 12/15/28 -11.17% 25.14 28.30 6
6 GRNLGR 5.6 11/13/2024 5.60% 11/13/24 -11.08% 26.21 29.47 12
7 HOME 4.875 7/15/2028 144A 4.88% 07/15/28 -9.54% 49.14 54.32 22
8 ROADKG 7 PERP 7.00% NULL -9.05% 27.44 30.17 11
9 DHC 4.75 2/15/2028 4.75% 02/15/28 -8.61% 66.71 73.00 22
10 TCGR 3.875 5/2/2025 REGS 3.88% 05/02/25 -8.32% 67.02 73.11 17

Avg Industry Price

Displays the HY Corp average industry price by sector between 6/23/23 – 6/30/23

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 6/23/23 – 6/30/23

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 6/23/23 vs. the week ending 6/30/23

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 TRIVIU 8.5 8/15/2027 REGS 8.50% 08/15/27 117 186 69 59%
2 ZAYO 6.125 3/1/2028 REGS 6.13% 03/01/28 138 198 60 43%
3 ALNMED 10.5 2/15/2028 10.50% 02/15/28 59 105 46 78%
4 H 4.375 9/15/2028 4.38% 09/15/28 109 155 46 42%
5 TRIVIU 5.5 8/15/2026 5.50% 08/15/26 176 220 44 25%
6 WYNMAC 5.5 10/1/2027 144A 5.50% 10/01/27 236 280 44 19%
7 MNK 11.5 12/15/2028 REGS 11.50% 12/15/28 89 131 42 47%
8 FOUIHK 8.45 7/14/2020 8.45% 07/14/20 18 60 42 233%
9 AMPBEV 3.25 9/1/2028 144A 3.25% 09/01/28 200 240 40 20%
10 CHIYBK 5.75 4/7/2032 5.75% 04/07/32 30 70 40 133%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 6/23/23 – 6/30/23

RANK TRANCHE COUPON MATURITY DEALERS
1 F 6.95 6/10/2026 6.95% 06/10/26 38
2 F 6.95 3/6/2026 6.95% 03/06/26 36
3 F 7.2 6/10/2030 7.20% 06/10/30 36
4 SOCGEN 7.875 12/29/2049 7.88% NULL 34
5 TEVA 2.8 7/21/2023 2.80% 07/21/23 33
6 BNP 7.375 12/29/2049 7.38% NULL 33
7 BALL 4 11/15/2023 4.00% 11/15/23 32
8 UBS 7 PERP 7.00% NULL 32
9 USB 5.775 6/12/2029 5.78% 06/12/29 32
10 BACR 8 PERP 8.00% 12/15/99 32

Bid-Offer Spread by Industry

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 6/23/23 – 6/30/23

Stay up-to-date with weekly summaries.

SUBSCRIBE

Stay up-to-date with weekly summaries and blogs.

SOLVE Media & Insights Examples

MARKET SUMMARIES

INSIGHTS

NEWS & ANNOUNCEMENTS