Danone S.A. bonds BN.PA
Who owns Danone S.A.'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. BN.PA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 23636TAE0 | 2.947% fixed | 2026-11-02 | USD | 99.66 | 4.29% | 55 bp | 3 | $12.9M | Jul 2026 |
| QZ9814067 | 1.208% fixed | 2028-11-03 | EUR | 95.34 | 3.38% | — | 2 | $3.4M | Jul 2026 |
| FR0013517026 | 0.395% fixed | 2029-06-10 | EUR | 92.34 | 3.24% | — | 2 | $10.6M | Jul 2026 |
| FR001400LY92 | 3.706% fixed | 2029-11-13 | EUR | 100.79 | 3.44% | — | 2 | $1.2M | Jul 2026 |
| FR0014017HN6 | 3.38% fixed | 2030-04-01 | EUR | 99.65 | 3.48% | — | 1 | $230K | Jul 2026 |
| F2R16UL61 | 3.481% fixed | 2030-05-03 | EUR | 99.94 | 3.49% | — | 3 | $11.3M | Jul 2026 |
| F2809XFW5 | 0.52% fixed | 2030-11-09 | EUR | 88.72 | 3.40% | — | 1 | $4.1M | Jul 2026 |
| ZK6511149 | 3.47% fixed | 2031-05-22 | EUR | 99.54 | 3.57% | — | 3 | $29.7M | Jul 2026 |
| YV6175017 | 3.2% fixed | 2031-09-12 | EUR | 98.34 | 3.56% | — | 2 | $454K | Jul 2026 |
| YL7810879 | 3.95% fixed | 2032-06-08 | EUR | 98.40 | 4.26% | — | 1 | $113K | Jul 2026 |
| F2R16UVM5 | 3.071% fixed | 2032-09-07 | EUR | 97.00 | 3.63% | — | 2 | $671K | Jul 2026 |
| DH3594784 | 5.33% fixed | 2032-10-01 | GBP | 99.42 | 5.44% | — | 1 | $268K | Jul 2026 |
| YQ9137163 | 3.438% fixed | 2033-04-07 | EUR | 97.79 | 3.82% | — | 1 | $113K | 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 | 13 | $75.0M | 98.40 | — | — | 3 |
| Jun 2026 | 7 | $51.5M | 109.15 | — | — | 5 |
| May 2026 | 1 | $51.2M | 99.49 | — | — | 2 |
| Apr 2026 | 13 | $57.0M | 99.12 | — | — | 3 |
| Mar 2026 | 8 | $120.9M | 104.07 | — | — | 6 |
| Feb 2026 | 1 | $51.2M | 99.31 | — | — | 2 |
| Jan 2026 | 11 | $63.7M | 99.22 | — | — | 3 |
| Dec 2025 | 6 | $117.1M | 123.32 | — | — | 6 |
| Nov 2025 | 2 | $64.4M | 99.91 | — | — | 3 |
| Oct 2025 | 11 | $61.8M | 99.83 | 4.05% | 44 bp | 5 |
| Sep 2025 | 4 | $78.4M | 99.05 | 4.07% | 42 bp | 4 |
| Aug 2025 | 2 | $54.5M | 99.62 | 4.21% | 35 bp | 4 |
| Jul 2025 | 11 | $80.5M | 100.17 | 4.53% | 50 bp | 5 |
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. 4 added, 2 cut, 0 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Managed Income Fund JPMorgan Trust I | 2026-05-31 | $41.5M | $41.3M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $28.6M | $32.0M | $8.8M |
| PIMCO Short-Term Floating NAV Portfolio III PIMCO FUNDS | 2026-06-30 | $27.4M | $27.3M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $23.4M | $26.3M | $8.2M |
| PIMCO Short-Term Floating NAV Portfolio II PIMCO FUNDS | 2026-06-30 | $10.7M | $10.7M | $0 |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $10.0M | $10.0M | $0 |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $10.0M | $10.0M | $0 |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $7.0M | $6.9M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $2.4M | $2.8M | -$500K |
| SA JPMorgan Ultra-Short Bond Portfolio SUNAMERICA SERIES TRUST | 2026-07-31 | $2.6M | $2.6M | $0 |
| Janus Henderson Developed World Bond Fund JANUS INVESTMENT FUND | 2026-06-30 | $1.9M | $2.2M | -$800K |
| PIMCO Short Asset Investment Fund PIMCO FUNDS | 2026-06-30 | $2.0M | $2.0M | $0 |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $1.1M | $1.2M | $0 |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $600K | $659K | $200K |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $500K | $571K | $300K |
| Thrivent Ultra Short Bond ETF Thrivent ETF Trust | 2026-06-30 | $400K | $398K | $0 |
| Dunham International Opportunity Bond Fund Dunham Funds | 2026-07-31 | $300K | $336K | $0 |
| State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $300K | $330K | $0 |
| Federated Hermes MDT Balanced Fund Federated Hermes MDT Series | 2026-07-31 | $300K | $299K | $0 |
| iShares Euro Investment Grade Corporate Bond USD Hedged ETF iShares Trust | 2026-07-31 | $100K | $113K | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $0 | $0 | -$68.8M |
| MFS Global Tactical Allocation Portfolio MFS VARIABLE INSURANCE TRUST II | 2026-06-30 | $0 | $0 | -$200K |
| Global Bond Fund GuideStone Funds | 2026-06-30 | $0 | $0 | -$200K |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $0 | $0 | -$100K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD WELLESLEY INCOME FUND ($68.8M), MFS Global Tactical Allocation Portfolio ($200K), Global Bond Fund ($200K), Diversified Income Fund ($100K).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 5 | $28.6M | $32.0M | 0.03% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $10.0M | $10.0M | 0.03% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 1 | $10.0M | $10.0M | 0.45% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 8 | $2.4M | $2.8M | 0.02% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 4 | $1.1M | $1.2M | 0.03% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 1 | $600K | $659K | 0.18% |
| TUSB Thrivent Ultra Short Bond ETF | 2026-06-30 | 1 | $400K | $398K | 0.18% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 1 | $300K | $330K | 0.07% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $100K | $113K | 0.54% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.21: safer than 73% of companies (63th percentile in Consumer Defensive). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $43.90B |
| Debt barrier (short-term + ½ long-term debt) | $13.02B |
| Equity volatility (1 year) | 23.3% |
| Asset value / asset volatility (solved) | $56.37B / 18.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 2.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 4.8y +15 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in BN.PA'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 | $465K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 15 | $7.8M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 19 | $7.9M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 20 | $8.3M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 16 | $8.0M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 21 | $7.4M | 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.