Corporates

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

High Yield Corporate Bond Market Summary:
Week Ending 9/13/24

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
Brightspeed $1.865 billion senior secured notes Q3 2024
Help at Home $600 million senior secured noted due 2031 BofA Q3 2023

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 9/6/24 – 9/13/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 AVP 8.45 3/15/2043 8.95% 03/15/43 33.60% 53.91 40.35 2
2 HOME 4.875 7/15/2028 144A 4.88% 07/15/28 18.80% 39.07 32.89 10
3 MVMOFB 9.875 4/8/2026 REGS 9.88% 04/08/26 14.60% 78.88 68.83 18
4 ARGID 5.25 8/15/2027 144A 5.25% 08/15/27 13.66% 71.04 62.50 7
5 IHRT 4.75 1/15/2028 144A 4.75% 01/15/28 11.27% 62.67 56.32 20
6 ACPROD 6.375 5/15/2029 144A 6.38% 05/15/29 10.93% 57.68 52.00 19
7 LUMN 5.125 12/15/2026 144A 5.13% 12/15/26 10.18% 94.82 86.06 19
8 RADIAT 6.5 9/15/2028 144A 6.50% 09/15/28 9.95% 61.02 55.50 19
9 ARNDTN 7.747 PERP 7.75% NULL 9.21% 78.48 71.86 11
10 ALNMED 10.5 2/15/2028 10.50% 02/15/28 8.68% 42.41 39.02 13

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 9/6/24 – 9/13/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 ATALIA 8.5 6/30/2028 8.50% 06/30/28 -17.94% 43.69 53.24 11
2 FRAX 7.5 9/30/2029 144A 7.50% 09/30/29 -11.08% 43.23 48.61 16
3 MODV 5 10/1/2029 144A 5.00% 10/01/29 -8.81% 67.25 73.75 21
4 TALKLN 3.875 2/20/2025 3.88% 02/20/25 -7.90% 63.22 68.64 17
5 HTZ 5 12/1/2029 144A 5.00% 12/01/29 -7.63% 60.62 65.63 29
6 MLTPLN 5.75 11/1/2028 144A 5.75% 11/01/28 -7.20% 42.13 45.40 23
7 NWDEVL 4.125 7/18/2029 4.13% 07/18/29 -7.09% 67.36 72.50 22
8 FECCN 7.875 6/21/2028 REGS 7.88% 06/21/28 -6.61% 76.16 81.55 5
9 NFE 8.75 3/15/2029 144A 8.75% 03/15/29 -6.18% 77.62 82.73 23
10 AZUBBZ 10.875 5/28/2030 144A 10.88% 05/28/30 -6.15% 57.82 61.61 19

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/6/24 – 9/13/24

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 9/6/24 – 9/13/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/6/24 vs. the week ending 9/13/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 VENZ 13.625 8/15/2018 13.63% 08/15/18 4 97 93 2325%
2 VICTRA 7.75 2/15/2026 144A 7.75% 02/15/26 114 195 81 71%
3 ILDFP 6.875 4/15/2031 6.88% 04/15/31 20 100 80 400%
4 PICSUR 6.375 7/1/2029 REGS 6.38% 07/01/29 103 181 78 76%
5 PFLEID 4.75 4/15/2029 144A 4.75% 04/15/29 44 107 63 143%
6 GEN 5 4/15/2025 144A 5.00% 04/15/25 154 214 60 39%
7 GAMENT 5.375 6/1/2030 REGS 5.38% 06/01/30 101 160 59 58%
8 M 7 2/15/2028 7.00% 02/15/28 84 139 55 65%
9 NSINTW 3.75 6/28/2034 3.75% 06/28/34 12 66 54 450%
10 M 6.79 7/15/2027 6.79% 07/15/27 63 117 54 86%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/6/24 – 9/13/24

RANK TRANCHE COUPON MATURITY DEALERS
1 SANTAN 9.625 PERP 9.63% 11/21/99 36
2 SANTAN 8 PERP 8.20% NULL 36
3 BNP 7.375 PERP 7.38% 12/11/99 35
4 BACR 4.375 PERP 4.38% NULL 35
5 BACR 6.125 PERP 6.13% NULL 35
6 F 5.125 11/5/2026 5.13% 11/05/26 35
7 INTNED 4.875 PERP 4.88% NULL 34
8 INTNED 3.875 PERP 3.88% NULL 34
9 INTNED 4.25 PERP 4.25% NULL 34
10 UBS 7 PERP 7.00% NULL 34

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 9/6/24 – 9/13/24

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from Solve

Read the latest from our team

  • Credit Default Swaps

    Investment Grade CDS Market Summary – September 2024

    Our newsletter presents key trends derived from observable Credit Default Swaps pricing data over a monthly period.

  • Credit Default Swaps

    High Yield CDS Market Summary – September 2024

    Our newsletter presents key trends derived from observable Credit Default Swaps pricing data over a monthly period.