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Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
HY Corp bond new issues for the week ending 8/5/22, issue size of $50 million and larger
ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PX AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
---|---|---|---|---|---|
Avient Corp (USD) 7.125% 8/1/2030 | N/A | 725 | 100 | 7.13 | 436 |
The following are lists of upcoming high-yield corporate bond offerings in the United States
ISSUER | DEAL INFORMATION | BANKS | EXPECTED ISSUE DATE |
---|---|---|---|
Tenneco Inc. | $3 billion high-yield notes – $2 billion secured notes and $1 billion unsecured notes | N/A | Month of July |
Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 7/29/22 – 8/5/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
---|---|---|---|---|---|---|
1 | KWGPRO 6 9/15/2022 | 6.00% | 09/15/22 | 36.17% | 37.73 | 27.71 |
2 | STCITY 5 1/15/2029 144A | 5.00% | 01/15/29 | 27.14% | 55.66 | 43.78 |
3 | RIG 7.35 12/15/2041 | 7.35% | 12/15/41 | 26.12% | 58.47 | 46.37 |
4 | TLN 6.5 9/15/2024 144A | 6.50% | 09/15/24 | 24.97% | 73.35 | 58.70 |
5 | PKSTAN 8.875 4/8/2051 REGS | 8.88% | 04/08/51 | 15.66% | 53.84 | 46.55 |
6 | DBD 8.5 4/15/2024 | 8.50% | 04/15/24 | 14.25% | 55.16 | 48.28 |
7 | COIN 3.625 10/1/2031 144A | 3.63% | 10/01/31 | 13.98% | 67.27 | 59.02 |
8 | KWGPRO 5.2 9/21/2022 | 5.20% | 09/21/22 | 11.97% | 29.24 | 26.12 |
9 | PAKWNP 7.5 6/4/2031 | 7.50% | 06/04/31 | 11.26% | 47.79 | 42.95 |
10 | SJMHOL 4.85 1/27/2028 | 4.85% | 01/27/28 | 11.01% | 65.95 | 59.41 |
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/29/22 – 8/5/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
---|---|---|---|---|---|---|
1 | ZHLGHD 8.5 5/19/2022 | 8.50% | 05/19/22 | -53.22% | 30.41 | 65.00 |
2 | CIFIHG 5.25 5/13/2026 | 5.25% | 05/13/26 | -31.01% | 25.10 | 36.38 |
3 | GEMDAL 4.95 8/12/2024 | 4.95% | 08/12/24 | -26.60% | 47.32 | 64.47 |
4 | FUTLAN 6 8/12/2024 | 6.00% | 08/12/24 | -22.63% | 34.90 | 45.11 |
5 | BAHAMA 6.95 11/20/2029 | 6.95% | 11/20/29 | -15.60% | 55.78 | 66.09 |
6 | ELSALV 7.1246 1/20/2050 REGS | 7.12% | 01/20/50 | -13.09% | 29.12 | 33.50 |
7 | CENCHI 7.5 7/14/2025 | 7.50% | 07/14/25 | -10.53% | 25.16 | 28.12 |
8 | ROADKG 5.9 3/5/2025 | 5.90% | 03/05/25 | -10.44% | 34.18 | 38.16 |
9 | DALWAN 7.25 1/29/2024 | 7.25% | 01/29/24 | -10.02% | 57.34 | 63.73 |
10 | CBSR 6.75 3/31/2029 144A | 6.75% | 03/31/29 | -8.65% | 44.86 | 49.10 |
Displays the HY Corp average industry price by sector between 7/29/22 – 8/5/22 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 7/29/22 – 8/5/22
Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/29/22 vs. the week ending 8/5/22
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
---|---|---|---|---|---|---|---|
1 | NAVI 5.5 3/15/2029 | 5.50% | 03/15/29 | 82 | 170 | 88 | 107% |
2 | OI 4.75 2/15/2030 144A | 4.75% | 02/15/30 | 92 | 178 | 86 | 93% |
3 | YPFDAR 8.5 3/23/2025 REGS | 8.50% | 03/23/25 | 100 | 182 | 82 | 82% |
4 | SOFTBK 3.125 1/6/2025 | 3.13% | 01/06/25 | 104 | 183 | 79 | 76% |
5 | NEP 4.25 7/15/2024 144A | 4.25% | 07/15/24 | 84 | 151 | 67 | 80% |
6 | CANPCK 2.375 11/1/2027 144A | 2.38% | 11/01/27 | 10 | 74 | 64 | 640% |
7 | SGLSJ 4 11/16/2026 144A | 4.00% | 11/16/26 | 5 | 65 | 60 | 1200% |
8 | SGLSJ 4.5 11/16/2029 144A | 4.50% | 11/16/29 | 5 | 65 | 60 | 1200% |
9 | CRBG 3.9 4/5/2032 REGS | 3.90% | 04/05/32 | 30 | 86 | 56 | 187% |
10 | CRBG 4.35 4/5/2042 REGS | 4.35% | 04/05/42 | 20 | 76 | 56 | 280% |
Ranks the HY Corps that were quoted by the highest number of dealers between 7/29/22 – 8/5/22
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
---|---|---|---|---|
1 | BACR 8 PERP | 8.00% | 03/27/99 | 36 |
2 | GT 5 5/31/2026 | 5.00% | 05/31/26 | 36 |
3 | GT 4.875 3/15/2027 | 4.88% | 03/15/27 | 36 |
4 | WYNMAC 4.875 10/1/2024 REGS | 4.88% | 10/01/24 | 35 |
5 | WYNMAC 5.5 10/1/2027 REGS | 5.50% | 10/01/27 | 35 |
6 | WYNMAC 5.5 1/15/2026 REGS | 5.50% | 01/15/26 | 35 |
7 | AXL 6.5 4/1/2027 | 6.50% | 04/01/27 | 35 |
8 | MPEL 4.875 6/6/2025 | 4.88% | 06/06/25 | 35 |
9 | UBS 5 PERP | 5.00% | 01/31/99 | 35 |
10 | CSCHLD 5.25 6/1/2024 | 5.25% | 06/01/24 | 35 |
Displays the HY Corp average bid-offer spread by industry between 7/29/22 – 8/5/22 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Reveals the total number of quotes by bid and offer between 7/29/22 – 8/5/22
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