MGM China Holdings Limited bonds 2282.HK
Who owns MGM China Holdings Limited's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. 2282.HK stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 55300RAG6 | 4.75% fixed | 2027-02-01 | USD | 99.63 | 5.51% | 167 bp | 6 | $22.3M | Jul 2026 |
| G60744AG7 | 4.75% fixed | 2027-02-01 | USD | 99.52 | 5.74% | 190 bp | 3 | $2.9M | Jul 2026 |
| YX8092257 | 7.125% fixed | 2031-06-26 | USD | 102.67 | 6.48% | 215 bp | 1 | $205K | Jul 2026 |
| 55300RAJ0 | 7.125% fixed | 2031-06-26 | USD | 102.59 | 6.50% | 217 bp | 10 | $11.5M | Jul 2026 |
| G60744AJ1 | 7.125% fixed | 2031-06-26 | USD | 102.38 | 6.55% | 222 bp | 2 | $1.0M | Jul 2026 |
| 55300RAK7 | 6.25% fixed | 2033-05-15 | USD | 96.14 | 6.97% | 252 bp | 26 | $43.6M | Jul 2026 |
| DK2587162 | 6.25% fixed | 2033-05-15 | USD | 96.20 | 6.96% | 251 bp | 1 | $385K | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 7 | $81.9M | 99.63 | 6.55% | 222 bp | 26 |
| Jun 2026 | 4 | $103.6M | 99.65 | 6.49% | 222 bp | 32 |
| May 2026 | 4 | $11.8M | 100.10 | 6.12% | 189 bp | 7 |
| Apr 2026 | 7 | $76.5M | 99.95 | 6.21% | 226 bp | 9 |
| Mar 2026 | 7 | $47.6M | 99.84 | 6.64% | 277 bp | 23 |
| Feb 2026 | 5 | $18.9M | 99.99 | 5.81% | 210 bp | 3 |
| Jan 2026 | 8 | $84.5M | 100.07 | 5.76% | 194 bp | 12 |
| Dec 2025 | 7 | $66.8M | 100.03 | 5.52% | 188 bp | 25 |
| Nov 2025 | 6 | $28.8M | 102.45 | 6.00% | 228 bp | 3 |
| Oct 2025 | 8 | $86.3M | 100.14 | 5.90% | 219 bp | 11 |
| Sep 2025 | 7 | $75.8M | 100.03 | 5.44% | 176 bp | 22 |
| Aug 2025 | 6 | $31.6M | 102.16 | 6.21% | 234 bp | 3 |
| Jul 2025 | 8 | $86.1M | 100.06 | 6.24% | 220 bp | 13 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 30 added, 6 cut, 42 new holders and 14 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $21.0M | $20.5M | $7.5M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $20.1M | $19.6M | new |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $16.5M | $16.4M | $12.2M |
| Hartford Dynamic Bond Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $16.0M | $15.4M | new |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $10.0M | $10.1M | -$1.7M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.1M | $8.1M | $2.4M |
| iShares iBonds 2027 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $6.4M | $6.3M | $2.3M |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $5.6M | $5.5M | new |
| T. Rowe Price International Bond Fund (USD Hedged) T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $5.1M | $5.3M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $5.3M | $5.3M | $0 |
| Victory Pioneer Strategic Income Fund Victory Portfolios IV | 2026-06-30 | $5.2M | $5.1M | new |
| Western Asset Management Strategic Bond Opportunities Portfolio Brighthouse Funds Trust II | 2026-06-30 | $4.9M | $4.8M | new |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.2M | $4.2M | -$6.5M |
| PIMCO Diversified Income Fund PIMCO FUNDS | 2026-06-30 | $3.9M | $3.9M | $0 |
| Lord Abbett Total Return Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $3.8M | $3.8M | $0 |
| Western Asset Emerging Markets Debt Fund Inc. | 2026-06-30 | $3.7M | $3.6M | new |
| Invesco Global Strategic Income Fund AIM Investment Funds (Invesco Investment Funds) | 2026-07-31 | $3.0M | $2.9M | -$4.2M |
| Janus Henderson High-Yield Fund Janus Investment Fund | 2026-06-30 | $2.9M | $2.8M | new |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $2.8M | $2.8M | new |
| iShares Short Duration Bond Active ETF iShares U.S. ETF Trust | 2026-07-31 | $2.2M | $2.2M | new |
| PGIM Strategic Bond Fund Prudential Investment Portfolios 3 | 2026-05-29 | $2.2M | $2.2M | $0 |
| VanEck Emerging Markets High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $2.1M | $2.1M | $1.3M |
| CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND City National Rochdale Funds | 2026-06-30 | $2.0M | $2.0M | new |
| BlackRock Low Duration Bond Portfolio BlackRock Funds V | 2026-06-30 | $1.8M | $1.8M | new |
| iShares J.P. Morgan EM High Yield Bond ETF iShares, Inc. | 2026-07-31 | $1.8M | $1.8M | $1.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares iBonds 2026 Term High Yield and Income ETF ($21.0M), iShares iBoxx $ High Yield Corporate Bond ETF ($10.7M), ABRDN ASIA-PACIFIC INCOME FUND, INC. ($3.6M), Invesco International Bond Fund ($3.5M), T. Rowe Price Emerging Markets Corporate Bond Fund ($1.9M), PIMCO Long Duration Total Return Fund ($1.1M), MML Barings Unconstrained Income Fund ($500K), Strategic Advisers Core Income Fund ($450K), AB Short Duration High Yield ETF ($216K), Nuveen Core Plus Bond Fund ($200K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $10.0M | $10.1M | 0.13% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $8.1M | $8.1M | 0.11% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $6.4M | $6.3M | 1.25% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.2M | $4.2M | 0.09% |
| NEAR iShares Short Duration Bond Active ETF | 2026-07-31 | 1 | $2.2M | $2.2M | 0.05% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 2 | $2.1M | $2.1M | 0.41% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 2 | $1.8M | $1.8M | 0.28% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $1.6M | $1.6M | 0.14% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.5M | $1.5M | 0.00% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 2 | $1.2M | $1.2M | 0.39% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 2 | $1.0M | $987K | 0.24% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 3 | $940K | $928K | 0.41% |
| EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2026-05-31 | 2 | $825K | $825K | 0.83% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $700K | $697K | 0.01% |
| HYFI AB High Yield ETF | 2026-05-31 | 2 | $687K | $687K | 0.20% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.52: safer than 44% of companies (42th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.78B |
| Debt barrier (short-term + ½ long-term debt) | $1.52B |
| Equity volatility (1 year) | 40.5% |
| Asset value / asset volatility (solved) | $6.24B / 31.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 222 bp spread prices in about 3.7% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 0.31 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in 2282.HK's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2025-12-31 | 0 | — | 0 | — | 0 | — | 1 |
| 2025-09-30 | 0 | — | 0 | — | 0 | — | 1 |
| 2025-06-30 | 0 | — | 0 | — | 0 | — | 1 |
| 2025-03-31 | 1 | $163K | 0 | — | 0 | — | 0 |
| 2024-12-31 | 0 | — | 0 | — | 0 | — | 1 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.