AST SpaceMobile, Inc. bonds ASTS
Who owns AST SpaceMobile, 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. ASTS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 00217DAC4 convertible | 2.375% fixed | 2032-10-15 | USD | 115.54 | — | — | 6 | $16.5M | Jul 2026 |
| 00217DAJ9 | 1.63% fixed | 2034-02-01 | USD | 101.62 | 1.40% | -308 bp | 8 | $43.8M | Jul 2026 |
| 00217DAE0 convertible | 2% fixed | 2036-01-15 | USD | 86.20 | — | — | 12 | $59.9M | Jul 2026 |
| 00217DAG5 convertible | 2.25% fixed | 2036-04-15 | USD | 80.23 | — | — | 3 | $20.9M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 4 | $141.2M | 93.91 | 1.40% | -308 bp | 12 |
| Jun 2026 | 3 | $149.6M | 116.54 | — | — | 16 |
| May 2026 | 3 | $110.7M | 137.82 | — | — | 7 |
| Apr 2026 | 3 | $157.5M | 101.32 | — | — | 24 |
| Mar 2026 | 4 | $115.3M | 126.83 | — | — | 19 |
| Feb 2026 | 4 | $79.5M | 123.88 | — | — | 9 |
| Jan 2026 | 3 | $252.9M | 159.41 | — | — | 23 |
| Dec 2025 | 3 | $90.2M | 131.90 | — | — | 20 |
| Nov 2025 | 3 | $71.2M | 109.80 | — | — | 7 |
| Oct 2025 | 3 | $215.2M | 141.12 | — | — | 26 |
| Sep 2025 | 2 | $39.7M | 156.91 | — | — | 16 |
| Aug 2025 | 2 | $21.5M | 156.23 | — | — | 4 |
| Jul 2025 | 2 | $108.3M | 164.72 | — | — | 25 |
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. 17 added, 21 cut, 1 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $60.0M | $53.1M | $17.9M |
| Growth Fund of America | 2026-05-31 | $36.0M | $49.7M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $38.0M | $44.7M | $4.9M |
| AQR Diversified Arbitrage Fund AQR Funds | 2026-06-30 | $34.5M | $37.0M | $24.9M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $38.9M | $34.7M | $10.0M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $16.1M | $22.2M | $6.9M |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $16.5M | $18.6M | $2.0M |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $9.0M | $12.4M | -$2.0M |
| Lord Abbett Convertible Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.7M | $10.6M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $8.9M | $10.4M | -$5.6M |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $8.7M | $10.1M | -$5.1M |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $8.8M | $8.9M | -$500K |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $8.5M | $8.6M | $250K |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $8.2M | $8.4M | -$250K |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $6.0M | $8.2M | $2.2M |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $7.0M | $7.1M | $0 |
| TRI-CONTINENTAL Corp | 2026-06-30 | $6.0M | $6.4M | $500K |
| Columbia Flexible Capital Income Fund Columbia Funds Series Trust II | 2026-05-31 | $5.0M | $6.2M | -$2.2M |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $5.5M | $6.2M | -$1.0M |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $6.6M | $6.1M | $1.2M |
| Putnam Convertible Securities Fund | 2026-07-31 | $4.0M | $4.4M | $824K |
| FS Multi-Strategy Alternatives Fund ADVISORS' INNER CIRCLE III | 2026-06-30 | $2.9M | $3.1M | $2.4M |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $1.8M | $2.1M | $0 |
| Ellsworth Growth & Income Fund Ltd | 2026-06-30 | $1.7M | $2.0M | $0 |
| Bancroft Fund Ltd | 2026-06-30 | $1.7M | $2.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Virtus Artificial Intelligence & Technology Opportunities Fund ($8.0M), Calamos Evolving World Growth Fund ($4.3M), Lord Abbett Short Duration High Yield Fund ($3.7M), Defensive Market Strategies Fund ($2.5M), Calamos Global Dynamic Income Fund ($2.1M), Calamos Global Opportunities Fund ($739K), CALAMOS GLOBAL TOTAL RETURN FUND ($541K), Calamos Global Equity Fund ($356K), Calamos Convertible Equity Alternative ETF ($230K), Calamos Growth & Income Portfolio ($65K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 4 | $60.0M | $53.1M | 0.74% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 3 | $38.0M | $44.7M | 0.72% |
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $800K | $816K | 0.81% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $347K | $299K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.06: safer than 14% of companies (18th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $17.15B |
| Debt barrier (short-term + ½ long-term debt) | $1.49B |
| Equity volatility (1 year) | 108.3% |
| Asset value / asset volatility (solved) | $18.57B / 100.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A -308 bp spread prices in about 0.0% 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'' = 1.60 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ASTS'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 | 78 | $152.9M | 1 | $294K | 3 | $5.6M | 0 |
| 2026-06-30 | 749 | $15.12B | 46 | $2.88B | 62 | $4.27B | 2 |
| 2026-03-31 | 674 | $11.35B | 43 | $1.75B | 50 | $3.10B | 2 |
| 2025-12-31 | 536 | $10.81B | 45 | $2.05B | 46 | $2.92B | 2 |
| 2025-09-30 | 386 | $6.54B | 42 | $1.25B | 35 | $1.66B | 4 |
| 2025-06-30 | 354 | $5.83B | 37 | $941.3M | 37 | $1.37B | 2 |
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.