Corporates

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

High Yield Corporate Bond Market Summary:
Week Ending 9/15/23

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

Forward Calendar

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

Issuer Deal Information Banks Expected Issue Date
Syneos Health Inc. $1.7B high-yield notes GS 3rd Quarter 2023
Greenfire Resources LTD $300 million five-year senior secured notes BMO 3rd Quarter 2023
Highpeak Energy Inc. $575 million senior notes due 2028 BofA 3rd Quarter 2023
Viasat Inc. $1.6 billion senior notes BofA 3rd Quarter 2023
Brightspeed $1.865 billion senior secured N/A 3rd Quarter 2023

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 9/8/23 – 9/15/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 CHGRAU 9.109 PERP 9.91% NULL 30.59% 68.86 52.73 12
2 GLPSP 4.5 PERP 7.88% NULL 23.06% 39.74 32.29 17
3 ZYXI 5 5/15/2026 5.00% 05/15/26 11.15% 102.51 92.22 2
4 RAKUTN 4.25 PERP REGS 4.25% NULL 10.28% 54.83 49.72 17
5 GEMDAL 4.95 8/12/2024 4.95% 08/12/24 10.19% 51.81 47.02 15
6 TRULCN 8 10/6/2026 8.00% 10/06/26 9.71% 74.73 68.12 8
7 LGF 5.5 4/15/2029 144A 5.50% 04/15/29 9.48% 65.51 59.84 16
8 ROADKG 6.7 9/30/2024 6.70% 09/30/24 9.30% 73.81 67.53 20
9 CSCHLD 5.75 1/15/2030 144A 5.75% 01/15/30 9.08% 60.24 55.23 22
10 SFRFP 6 2/15/2028 REGS 6.00% 02/15/28 8.87% 52.62 48.33 17

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 9/8/23 – 9/15/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 PCT 7.25 8/15/2030 7.25% 08/15/30 -20.41% 75.30 94.61 5
2 RDHGCL 7.8 3/20/2024 7.80% 03/20/24 -18.09% 57.50 70.19 9
3 UNIGEL 8.75 10/1/2026 REGS 8.75% 10/01/26 -12.04% 32.48 36.92 24
4 UNSTSV 8 11/15/2029 144A 8.00% 11/15/29 -11.16% 56.29 63.36 11
5 RLTECH 10.25 9/26/2027 10.25% 09/26/27 -11.09% 26.81 30.15 5
6 FTLNHD 4.8 12/15/2024 4.80% 12/15/24 -8.88% 43.71 47.97 18
7 NWDEVL 4.8 PERP 4.80% NULL -8.50% 44.83 49.00 19
8 FUTLAN 4.45 7/13/2025 4.45% 07/13/25 -6.11% 35.68 38.00 14
9 EVA 6.5 1/15/2026 144A 6.50% 01/15/26 -5.99% 77.44 82.38 20
10 IHSHLD 8 9/18/2027 REGS 8.00% 09/18/27 -5.62% 84.14 89.15 14

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/8/23 – 9/15/23

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 9/8/23 – 9/15/23

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/8/23 vs. the week ending 9/15/23

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ICELTD FLT 12/15/2027 REGS 0.00% 12/15/27 35 111 76 217%
2 ARNDTN 0.375 4/15/2027 0.38% 04/15/27 115 187 72 63%
3 ARNDTN 1 1/7/2025 1.00% 01/07/25 108 177 69 64%
4 ARNDTN 1.625 1/31/2028 1.63% 01/31/28 115 182 67 58%
5 ARNDTN 3 10/16/2029 3.00% 10/16/29 90 153 63 70%
6 ARNDTN 1.5 5/28/2026 1.50% 05/28/26 100 162 62 62%
7 ARNDTN 0.625 7/9/2025 0.63% 07/09/25 113 172 59 52%
8 ARNDTN 1.625 PERP 1.63% NULL 94 153 59 63%
9 ARNDTN 3.375 PERP 3.38% NULL 103 160 57 55%
10 ARNDTN 1.45 7/9/2028 1.45% 07/09/28 115 167 52 45%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/8/23 – 9/15/23

RANK TRANCHE COUPON MATURITY DEALERS
1 ARGENT 0.75 7/9/2030 0.75% 07/09/30 34
2 ARGENT 3.625 7/9/2035 3.63% 07/09/35 34
3 ARGENT 3.5 7/9/2041 3.50% 07/09/41 34
4 ARGENT 3.625 7/9/2046 3.63% 07/09/46 34
5 ARGENT 1 7/9/2029 1.00% 07/09/29 34
6 DUK 5.75 9/15/2033 5.75% 09/15/33 33
7 F 6.95 6/10/2026 6.95% 06/10/26 33
8 USFOOD 6.25 4/15/2025 144A 6.25% 04/15/25 32
9 F 6.1 8/19/2032 6.10% 08/19/32 32
10 WYNMAC 5.625 8/26/2028 144A 5.63% 08/26/28 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 9/8/23 – 9/15/23

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from Solve

Read the latest from our team

  • Municipals

    Municipal Bond Market Summary – Week Ending 6/14/24

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

  • Corporates

    Investment Grade Corporate Bond Market Summary – Week Ending 6/14/24

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