Algoma Steel Group Inc. bonds ASTLW
Who owns Algoma Steel Group Inc.'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. ASTLW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 01566MAD7 | 9.125% fixed | 2029-04-15 | USD | 94.36 | 11.60% | 735 bp | 12 | $33.9M | 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 | 1 | $33.9M | 94.36 | 11.60% | 735 bp | 12 |
| Jun 2026 | 1 | $14.7M | 93.65 | 11.85% | 771 bp | 16 |
| May 2026 | 1 | $8.8M | 97.33 | 10.21% | 618 bp | 5 |
| Apr 2026 | 1 | $41.3M | 92.93 | 12.03% | 821 bp | 13 |
| Mar 2026 | 1 | $12.6M | 89.06 | 13.64% | 990 bp | 11 |
| Feb 2026 | 1 | $8.3M | 91.75 | 12.38% | 885 bp | 5 |
| Jan 2026 | 1 | $38.0M | 85.85 | 14.81% | 1119 bp | 12 |
| Dec 2025 | 1 | $10.3M | 83.63 | 15.67% | 1210 bp | 11 |
| Nov 2025 | 1 | $4.9M | 80.30 | 17.03% | 1345 bp | 3 |
| Oct 2025 | 1 | $31.7M | 82.06 | 16.09% | 1253 bp | 12 |
| Sep 2025 | 1 | $13.4M | 85.26 | 14.60% | 1102 bp | 15 |
| Aug 2025 | 1 | $9.5M | 88.69 | 13.14% | 943 bp | 6 |
| Jul 2025 | 1 | $33.3M | 90.76 | 12.29% | 841 bp | 14 |
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. 11 added, 2 cut, 7 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $22.8M | $21.6M | -$10.0M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.5M | $7.3M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.4M | $7.0M | $897K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.5M | $163K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.5M | $193K |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $3.5M | $3.3M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.1M | $3.0M | $80K |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $1.8M | $1.6M | new |
| High Income Fund American Century Investment Trust | 2026-06-30 | $1.2M | $1.1M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $691K | $673K | -$40K |
| Nuveen High Yield Corporate Bond ETF NuShares ETF Trust | 2026-07-31 | $711K | $670K | $0 |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $675K | $632K | new |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $640K | $622K | $10K |
| Lord Abbett Flexible Income Fund | 2026-06-30 | $655K | $613K | $0 |
| iShares iBonds 2029 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $640K | $605K | $121K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $375K | $354K | $0 |
| Harbor Ares Systematic High Yield ETF Harbor ETF Trust | 2026-07-31 | $352K | $332K | $300K |
| Invesco High Yield Systematic Bond ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $200K | $189K | $0 |
| JPMorgan BetaBuilders USD High Yield Corporate Bond ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $159K | $155K | $6K |
| PD High Yield Bond Market Portfolio PACIFIC SELECT FUND | 2026-06-30 | $150K | $140K | $0 |
| iShares Core 1-5 Year USD Bond ETF iShares Trust | 2026-07-31 | $135K | $128K | $0 |
| State Street(R) Loomis Sayles Opportunistic Bond ETF SSGA Active Trust | 2026-06-30 | $110K | $103K | new |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $97K | $91K | $82K |
| Advantage CoreAlpha Bond Master Portfolio Master Investment Portfolio II | 2026-06-30 | $74K | $69K | new |
| BNY Mellon High Yield ETF BNY Mellon ETF Trust | 2026-07-31 | $70K | $66K | $60K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BrandywineGLOBAL - Flexible Bond Fund ($1.3M), BrandywineGLOBAL - HIGH YIELD FUND ($285K), State Street(R) My2029 High Yield Corporate Bond ETF ($20K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $7.4M | $7.0M | 0.02% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.7M | $3.5M | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $3.7M | $3.5M | 0.03% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.1M | $3.0M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $691K | $673K | 0.03% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $675K | $632K | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $640K | $622K | 0.03% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $640K | $605K | 0.12% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $375K | $354K | 0.00% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 1 | $352K | $332K | 0.22% |
| GTOQ Invesco High Yield Systematic Bond ETF | 2026-07-31 | 1 | $200K | $189K | 0.10% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $159K | $155K | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $135K | $128K | 0.00% |
| OBND State Street(R) Loomis Sayles Opportunistic Bond ETF | 2026-06-30 | 1 | $110K | $103K | 0.18% |
| BKHY BNY Mellon High Yield ETF | 2026-07-31 | 1 | $70K | $66K | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.80: safer than 12% of companies (13th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $435.9M |
| Debt barrier (short-term + ½ long-term debt) | $411.5M |
| Equity volatility (1 year) | 69.9% |
| Asset value / asset volatility (solved) | $828.3M / 37.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 735 bp spread prices in about 12.2% 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'' = -2.38 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ASTLW'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 | 2 | $3K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 94 | $290.7M | 6 | $2.6M | 8 | $1.6M | 0 |
| 2026-03-31 | 96 | $296.7M | 11 | $4.8M | 8 | $3.3M | 0 |
| 2025-12-31 | 107 | $352.5M | 14 | $6.9M | 12 | $9.5M | 0 |
| 2025-09-30 | 117 | $274.4M | 13 | $5.3M | 12 | $5.7M | 0 |
| 2025-06-30 | 143 | $549.4M | 12 | $6.0M | 14 | $31.1M | 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.