Corporates
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
High Yield Corporate Bond Market Summary:
Week Ending 10/13/23
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 |
| Highpeak Energy Inc. | $575 million senior notes due 2028 | 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 10/6/23 – 10/13/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MTROLN 9.5 10/8/2025 | 9.50% | 10/08/25 | 62.34% | 87.09 | 53.65 | 18 |
| 2 | LINTA 8.25 2/1/2030 | 8.25% | 02/01/30 | 19.48% | 28.94 | 24.22 | 18 |
| 3 | RAD 7.5 7/1/2025 144A | 7.50% | 07/01/25 | 8.01% | 65.36 | 60.51 | 22 |
| 4 | ARGENT 3.625 7/9/2035 | 3.63% | 07/09/35 | 7.84% | 25.39 | 23.55 | 31 |
| 5 | GNW 0 11/15/2036 | 7.66% | 11/15/36 | 7.46% | 74.12 | 68.98 | 7 |
| 6 | AMC 5.875 11/15/2026 | 5.88% | 11/15/26 | 7.01% | 52.39 | 48.96 | 14 |
| 7 | WW 4.5 4/15/2029 144A | 4.50% | 04/15/29 | 6.96% | 71.73 | 67.06 | 20 |
| 8 | RAKUTN 4.25 PERP REGS | 4.25% | NULL | 6.86% | 59.32 | 55.51 | 16 |
| 9 | VSAT 6.5 7/15/2028 144A | 6.50% | 07/15/28 | 6.56% | 69.65 | 65.36 | 22 |
| 10 | CSCHLD 4.625 12/1/2030 144A | 4.63% | 12/01/30 | 5.75% | 55.04 | 52.05 | 21 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 10/6/23 – 10/13/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | GEMDAL 4.95 8/12/2024 | 4.95% | 08/12/24 | -18.84% | 35.12 | 43.27 | 19 |
| 2 | ENOIGA 8.5 9/30/2033 | 8.50% | 09/30/33 | -11.05% | 87.31 | 98.15 | 15 |
| 3 | VTRCOM 5.125 1/15/2028 REGS | 5.13% | 01/15/28 | -9.41% | 48.55 | 53.60 | 17 |
| 4 | LVIATH 6.75 6/30/2030 | 6.75% | 06/30/30 | -9.20% | 82.55 | 90.92 | 20 |
| 5 | EBS 3.875 8/15/2028 144A | 3.88% | 08/15/28 | -8.68% | 37.60 | 41.17 | 12 |
| 6 | RADPAR 9.25 2/1/2028 144A | 9.25% | 02/01/28 | -8.65% | 35.05 | 38.37 | 18 |
| 7 | TOTALP 7.5 11/12/2025 REGS | 7.50% | 11/12/25 | -7.67% | 65.50 | 70.94 | 18 |
| 8 | VOLCAN 4.375 2/11/2026 REGS | 4.38% | 02/11/26 | -6.96% | 51.97 | 55.86 | 19 |
| 9 | ENOGLN 6.5 4/30/2027 REGS | 6.50% | 04/30/27 | -6.51% | 84.63 | 90.52 | 13 |
| 10 | EVA 6.5 1/15/2026 144A | 6.50% | 01/15/26 | -6.30% | 75.86 | 80.97 | 19 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/6/23 – 10/13/23
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 10/6/23 – 10/13/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/6/23 vs. the week ending 10/13/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FMGAU 4.5 9/15/2027 144A | 4.50% | 09/15/27 | 147 | 226 | 79 | 54% |
| 2 | ENQLN 7 10/15/2023 | 7.00% | 10/15/23 | 40 | 115 | 75 | 188% |
| 3 | USACUT 6.375 3/1/2026 144A | 6.38% | 03/01/26 | 65 | 119 | 54 | 83% |
| 4 | LVIATH 6.125 6/30/2025 | 6.13% | 06/30/25 | 132 | 176 | 44 | 33% |
| 5 | PLYIM FLT 11/1/2026 REGS | 8.33% | 11/01/26 | 78 | 116 | 38 | 49% |
| 6 | LVIATH 6.75 6/30/2030 | 6.75% | 06/30/30 | 142 | 178 | 36 | 25% |
| 7 | CEG 6.5 10/1/2053 | 6.50% | 10/01/53 | 201 | 237 | 36 | 18% |
| 8 | LVIATH 6.5 6/30/2027 | 6.50% | 06/30/27 | 147 | 180 | 33 | 22% |
| 9 | AM 5.75 3/1/2027 144A | 5.75% | 03/01/27 | 197 | 230 | 33 | 17% |
| 10 | NFE 6.5 9/30/2026 144A | 6.50% | 09/30/26 | 189 | 221 | 32 | 17% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/6/23 – 10/13/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | SHLFDI 8.25 2/15/2025 144A | 8.25% | 02/15/25 | 36 |
| 2 | SHLFDI 8.875 11/15/2024 144A | 8.88% | 11/15/24 | 34 |
| 3 | KVUE 4.9 3/22/2033 144A | 4.90% | 03/22/33 | 33 |
| 4 | WYNMAC 5.125 12/15/2029 144A | 5.13% | 12/15/29 | 33 |
| 5 | LOW 5.15 7/1/2033 | 5.15% | 07/01/33 | 33 |
| 6 | WYNMAC 5.5 10/1/2027 144A | 5.50% | 10/01/27 | 33 |
| 7 | WYNMAC 4.875 10/1/2024 144A | 4.88% | 10/01/24 | 32 |
| 8 | BACR 8 PERP | 8.00% | 12/15/99 | 32 |
| 9 | MUR 5.75 8/15/2025 | 5.75% | 08/15/25 | 32 |
| 10 | CHTR 7.375 3/1/2031 144A | 7.38% | 03/01/31 | 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 10/6/23 – 10/13/23
Stay up-to-date with weekly summaries.
