Grupo Aeroméxico, S.A.B. de C.V. bonds AERO
Who owns Grupo Aeroméxico, S.A.B. de C.V.'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. AERO 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 |
|---|---|---|---|---|---|---|---|---|---|
| YU8301290 convertible | 8.25% fixed | 2029-11-15 | USD | 100.14 | — | — | 8 | $8.4M | Jul 2026 |
| 40054JAC3 convertible | 8.25% fixed | 2029-11-15 | USD | 100.75 | — | — | 3 | $2.4M | Jul 2026 |
| P4955JAB4 | 8.25% fixed | 2029-11-15 | USD | 101.59 | 7.72% | 365 bp | 1 | $1.8M | May 2026 |
| P4955JAC2 convertible | 8.625% fixed | 2031-11-15 | USD | 100.90 | — | — | 7 | $5.9M | Jul 2026 |
| YU8301308 | 8.625% fixed | 2031-11-15 | USD | 100.75 | 8.44% | 409 bp | 1 | $403K | Jul 2026 |
| 40054JAD1 convertible | 8.625% fixed | 2031-11-15 | USD | 100.84 | — | — | 15 | $57.7M | 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 | 5 | $74.9M | 100.75 | 8.44% | 409 bp | 15 |
| Jun 2026 | 4 | $48.7M | 102.34 | — | — | 19 |
| May 2026 | 4 | $8.0M | 101.68 | 7.72% | 365 bp | 5 |
| Apr 2026 | 5 | $75.4M | 97.22 | 9.24% | 525 bp | 13 |
| Mar 2026 | 4 | $44.2M | 96.20 | — | — | 21 |
| Feb 2026 | 5 | $11.1M | 102.62 | 7.50% | 392 bp | 5 |
| Jan 2026 | 5 | $90.1M | 103.41 | 7.86% | 399 bp | 13 |
| Dec 2025 | 4 | $57.3M | 102.17 | — | — | 22 |
| Nov 2025 | 4 | $8.5M | 99.98 | 8.25% | 464 bp | 5 |
| Oct 2025 | 5 | $72.6M | 100.57 | 8.51% | 477 bp | 14 |
| Sep 2025 | 3 | $49.1M | 99.87 | — | — | 20 |
| Aug 2025 | 4 | $8.4M | 98.80 | 8.57% | 483 bp | 5 |
| Jul 2025 | 5 | $72.1M | 97.75 | 9.10% | 502 bp | 15 |
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. 10 added, 1 cut, 2 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Nationwide Strategic Income Fund Nationwide Mutual Funds | 2026-07-31 | $18.1M | $18.2M | $0 |
| Buffalo High Yield Fund Buffalo Funds | 2026-06-30 | $14.0M | $14.4M | $0 |
| Eaton Vance Emerging Markets Debt Opportunities Fund Eaton Vance Series Fund, Inc. | 2026-07-31 | $13.9M | $14.0M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $10.4M | $10.5M | -$6.8M |
| Global Opportunities Portfolio | 2026-07-31 | $9.0M | $9.1M | $0 |
| Victory Pioneer Strategic Income Fund Victory Portfolios IV | 2026-06-30 | $5.7M | $5.9M | $0 |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $5.5M | $5.5M | $1.6M |
| Destinations Global Fixed Income Opportunities Fund Brinker Capital Destinations Trust | 2026-05-31 | $3.5M | $3.6M | $0 |
| Victory High Income Fund Victory Portfolios III | 2026-07-31 | $3.4M | $3.4M | $0 |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $3.2M | $3.3M | $0 |
| Principal Active High Yield ETF Principal Exchange-Traded Funds | 2026-06-30 | $2.9M | $2.9M | $395K |
| College Retirement Equities Fund - Inflation-Linked Bond Account College Retirement Equities Fund | 2026-06-30 | $2.5M | $2.6M | $0 |
| Victory Pioneer High Yield Fund Victory Portfolios IV | 2026-07-31 | $2.5M | $2.5M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $2.4M | $2.5M | $1.3M |
| BrandywineGLOBAL - Flexible Bond Fund Legg Mason Global Asset Management Trust | 2026-06-30 | $2.3M | $2.3M | $0 |
| Nuveen Emerging Markets Debt Fund TIAA-CREF Funds | 2026-06-30 | $2.1M | $2.2M | $0 |
| Nuveen Core Plus Bond Fund TIAA-CREF Funds | 2026-06-30 | $2.1M | $2.1M | $0 |
| VanEck Emerging Markets High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $2.0M | $2.1M | $100K |
| Nuveen Short Term Bond Fund TIAA-CREF Funds | 2026-06-30 | $2.0M | $2.0M | $0 |
| NYLIM MacKay Strategic Bond Fund NYLIM FUNDS | 2026-07-31 | $1.9M | $1.9M | $0 |
| NVIT Strategic Income Fund Nationwide Variable Insurance Trust | 2026-06-30 | $1.8M | $1.9M | $0 |
| Nuveen Strategic Income Fund Nuveen Investment Funds, Inc. | 2026-05-31 | $1.5M | $1.5M | $0 |
| Emerging Markets Core Fund Federated Hermes Core Trust | 2026-07-31 | $1.5M | $1.5M | $600K |
| SHELTON TACTICAL FUND SCM Trust | 2026-06-30 | $1.2M | $1.3M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $1.2M | $1.2M | $200K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Invesco High Yield Fund ($2.5M), Nuveen High Yield Income Fund ($1.6M), High Yield Bond Portfolio ($725K), Aristotle High Yield Bond Fund ($125K).
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 |
|---|---|---|---|---|---|
| YLD Principal Active High Yield ETF | 2026-06-30 | 1 | $2.9M | $2.9M | 0.51% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 2 | $2.0M | $2.1M | 0.40% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.2M | $1.2M | 0.00% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 2 | $800K | $802K | 0.13% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 2 | $600K | $604K | 0.27% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 2 | $400K | $401K | 0.10% |
| VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 2026-07-31 | 1 | $287K | $289K | 0.58% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $200K | $201K | 0.00% |
| NCPB Nuveen Core Plus Bond ETF | 2026-07-31 | 1 | $180K | $181K | 0.33% |
| IHY VanEck International High Yield Bond ETF | 2026-06-30 | 1 | $50K | $51K | 0.12% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 1 | $1K | $1K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.48: safer than 19% of companies (17th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.32B |
| Debt barrier (short-term + ½ long-term debt) | $2.27B |
| Equity volatility (1 year) | 53.5% |
| Asset value / asset volatility (solved) | $4.49B / 27.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 409 bp spread prices in about 6.8% 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'' = -0.55 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in AERO'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 |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 3 | $29K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 74 | $1.71B | 1 | $2K | 1 | $2K | 0 |
| 2026-03-31 | 62 | $1.33B | 0 | — | 0 | — | 0 |
| 2025-12-31 | 66 | $2.06B | 0 | — | 0 | — | 0 |
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.