Corporates
December 2025

High Yield Corporate Bond Market Summary – Week Ending 11/28/25

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
ALLISON TRANSMISSION INC. $500 million senior notes BCLY Q4 2025
CENTERFIELD MEDIA HOLDINGS, LLC $785 million five year senior secured notes BofA Q4 2025
ENERGOS INFRASTRUCTURE $1.5 billion senior secured notes CITI Q4 2025
BRIGHTSPEED $1.865 billion senior secured notes Q4 2025
AMPLIFY ENERGY CORP. Expected $150 million five-year senior notes ASAS Q4 2025
CHUCK E. CHEESE $660 million five-year senior secured notes (B3/B-) JPM Q4 2025
HANESBRANDS INC. $500 million unsecured notes JPM Q4 2025

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 11/21/25 – 11/28/25

Rank Bond Name Coupon Maturity Change PRC PRC-1W Dealers
1 FVICN 3.75 6/30/2029 3.75% 06/30/29 ▲ 14.95% 173.11 150.60 8
2 MODULA 6.75 11/30/2029 REGS 6.75% 11/30/29 ▲ 12.97% 74.23 65.71 18
3 LNZING 5.25 5/15/2029 REGS 5.25% 05/15/29 ▲ 12.44% 52.35 46.56 17
4 IMGRP 8 3/1/2028 8.00% 03/01/28 ▲ 10.83% 73.05 65.91 14
5 BAKIDE 7.45 11/15/2029 REGS 7.45% 11/15/29 ▲ 9.28% 60.66 55.51 22
6 UKRAIN 0 2/1/2034 REGS 0.00% 02/01/34 ▲ 8.22% 45.69 42.22 20
7 CSCHLD 5.75 1/15/2030 144A 5.75% 01/15/30 ▲ 7.70% 37.19 34.53 23
8 ECUA 5 7/31/2040 REGS 5.00% 07/31/40 ▲ 7.54% 74.77 69.53 22
9 CYH 6.125 4/1/2030 144A 6.13% 04/01/30 ▲ 7.07% 83.67 78.14 24
10 TROX 9.125 9/30/2030 144A 9.13% 09/30/30 ▲ 6.68% 93.75 87.88 31

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 11/21/25 – 11/28/25

Rank Bond Name Coupon Maturity Change PRC PRC-1W Dealers
1 NFE 12 11/15/2029 144A 12.00% 11/15/29 ▼ -19.33% 25.31 31.38 19
2 GAMHOL 8 9/30/2031 REGS 8.00% 09/30/31 ▼ -9.69% 83.93 92.93 22
3 CLUCAR 6.375 6/1/2029 144A 6.38% 06/01/29 ▼ -8.53% 68.16 74.51 20
4 CSCHLD 5.375 2/1/2028 144A 5.38% 02/01/28 ▼ -7.39% 73.20 79.04 24
5 KOS 7.5 3/1/2028 144A 7.50% 03/01/28 ▼ -7.29% 69.61 75.09 26
6 GLPSP 4.6 PERP 4.60% NULL ▼ -6.27% 60.20 64.22 12
7 GTE 9.5 10/15/2029 REGS 9.50% 10/15/29 ▼ -5.79% 73.67 78.20 25
8 PFLEID FLT 4/15/2029 REGS 6.81% 04/15/29 ▼ -4.77% 60.30 63.32 17
9 DALWAN 11 2/13/2026 11.00% 02/13/26 ▼ -4.59% 91.97 96.40 14
10 CHOTAI 0.375 6/30/2030 0.38% 06/30/30 ▼ -4.20% 103.37 107.91 7

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/21/25 – 11/28/25 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 11/21/25 – 11/28/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/21/25 vs. the week ending 11/28/25

Rank Tranche Coupon Maturity Prior Week This Week Increase % Increase
1 CIFR 7.125 11/15/2030 REGS 7.13% 11/15/30 42 222 180 ▲ 429%
2 ZFFNGR 7.125 4/14/2030 REGS 7.13% 04/14/30 151 251 100 ▲ 66%
3 SAGLEN 11 12/15/2029 144A 11.00% 12/15/29 120 213 93 ▲ 78%
4 CAR 5.75 7/15/2027 144A 5.75% 07/15/27 80 162 82 ▲ 103%
5 VICI 5.75 4/1/2034 5.75% 04/01/34 105 186 81 ▲ 77%
6 IGT 2.375 4/15/2028 144A 2.38% 04/15/28 117 197 80 ▲ 68%
7 SAGLEN 11 12/15/2029 144A 11.00% 12/15/29 132 210 78 ▲ 59%
8 AMEPIP 7.625 8/15/2033 144A 7.63% 08/15/33 98 176 78 ▲ 80%
9 CHLMPC 5.58 10/20/2035 REGS 5.58% 10/20/35 44 120 76 ▲ 173%
10 RITM 8 4/1/2029 REGS 8.00% 04/01/29 131 207 76 ▲ 58%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/21/25 – 11/28/25

Rank Tranche Coupon Maturity Dealers
1 BACR 6.125 PERP 9.61% 40
2 BACR 7.625 PERP 7.63% 38
3 BACR 9.625 PERP 9.63% 37
4 SANTAN 9.625 PERP 9.04% 37
5 INTNED 5.75 PERP 8.08% 37
6 SANTAN 8 PERP 7.65% 36
7 SANTAN 9.625 PERP 9.05% 36
8 LLOYDS 6.75 PERP 8.56% 36
9 BACR 4.375 PERP 7.15% 36
10 BACR 8 PERP 9.17% 36

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 11/21/25 – 11/28/25



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