Commerzbank AG bonds CBK.DE
Who owns Commerzbank AG'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. CBK.DE 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 |
|---|---|---|---|---|---|---|---|---|---|
| ZP5131047 | 0.875% fixed | 2027-01-22 | EUR | 98.70 | 2.69% | — | 1 | $811K | Apr 2026 |
| DE000CZ40LW5 | 4% fixed | 2027-03-30 | EUR | 100.76 | 3.14% | — | 1 | $118K | Apr 2026 |
| DE000CZ40MB7 | 0.625% fixed | 2027-08-24 | EUR | 97.61 | 2.93% | — | 2 | $942K | Jul 2026 |
| D1706CHH0 | 4.25% fixed | 2027-10-09 | EUR | 99.73 | 4.47% | — | 1 | $1.2M | Jul 2026 |
| DE000CZ45ZK9 | 2.5% fixed | 2028-02-25 | EUR | 99.18 | 3.03% | — | 2 | $34.3M | Jul 2026 |
| DE000CZ40MM4 | 0.019% fixed | 2028-02-28 | EUR | 98.36 | 1.02% | — | 1 | $787K | Jun 2026 |
| D1706CDE1 | 4.625% variable | 2028-03-21 | EUR | 101.25 | — | — | 1 | $347K | Jun 2026 |
| AS1342268 | 0.88% fixed | 2028-04-18 | EUR | 96.50 | 3.00% | — | 1 | $890K | Jul 2026 |
| DE000CZ40M39 | 1.5% fixed | 2028-08-28 | EUR | 97.22 | 2.90% | — | 2 | $392K | Jul 2026 |
| DE000CZ43Z72 | 3.375% fixed | 2028-08-28 | EUR | 100.68 | 3.03% | — | 2 | $39.4M | Jul 2026 |
| D1706CGC2 | 5.25% variable | 2029-03-25 | EUR | 103.01 | — | — | 1 | $11.9M | Jul 2026 |
| DE000CZ46CE9 | 2.88% fixed | 2029-04-16 | EUR | 99.36 | 3.13% | — | 1 | $229K | Jul 2026 |
| D1706CER1 | 3.125% fixed | 2029-04-20 | EUR | 99.98 | 3.13% | — | 3 | $47.4M | Jul 2026 |
| D1706CJZ8 | 2.625% fixed | 2029-09-03 | EUR | 98.45 | 3.16% | — | 2 | $48.8M | Jul 2026 |
| ACI1R7WZ6 | 6.5% variable | 2029-10-09 | EUR | 105.10 | — | — | 2 | $1.2M | Jul 2026 |
| D1706CKY9 | 2.75% fixed | 2029-12-20 | EUR | 98.64 | 3.18% | — | 1 | $910K | Jul 2026 |
| ZM3822735 | 5.125% variable | 2030-01-18 | EUR | 103.73 | — | — | 3 | $22.4M | Jul 2026 |
| BG4907849 | 0% fixed | 2030-03-11 | EUR | 180.40 | — | — | 1 | $567K | Jun 2026 |
| D17058D35 | 0.01% fixed | 2030-03-11 | EUR | 89.31 | 3.19% | — | 2 | $9.3M | Jul 2026 |
| DE000CZ45ZU8 | 3.125% fixed | 2030-06-06 | EUR | 98.78 | 3.47% | — | 1 | $342K | Jul 2026 |
| D1706CQZ0 | 2.5% fixed | 2030-09-17 | EUR | 98.53 | 2.87% | — | 1 | $90K | Jun 2026 |
| ACI2RHVC4 | 7.5% fixed | 2030-10-09 | USD | 103.95 | 6.41% | 210 bp | 12 | $99.8M | Jul 2026 |
| D1706CUE2 | 2.5% fixed | 2030-10-10 | EUR | 97.22 | 3.22% | — | 3 | $22.5M | Jul 2026 |
| DA5077650 | 3.13% variable | 2030-11-26 | EUR | 98.41 | — | — | 1 | $227K | Jul 2026 |
| D1706CGX6 | 2.75% fixed | 2031-01-09 | EUR | 97.97 | 3.24% | — | 2 | $12.6M | Jul 2026 |
| DE000CZ457V6 | 2.625% fixed | 2031-01-15 | EUR | 97.42 | 3.25% | — | 3 | $33.9M | Jul 2026 |
| ZF2681285 | 4.625% fixed | 2031-01-17 | EUR | 208.10 | — | — | 1 | $595K | Jun 2026 |
| D1706CHE7 | 4.625% variable | 2031-01-17 | EUR | 103.08 | — | — | 2 | $17.8M | Jul 2026 |
| DE000CZ46CB5 | 3.13% fixed | 2031-09-03 | EUR | 97.63 | 3.65% | — | 2 | $1.7M | Jul 2026 |
| ACI2PSFK2 | 7.875% fixed | 2031-10-09 | EUR | 112.42 | 5.09% | — | 4 | $3.4M | Jul 2026 |
| YK8933078 | 5% fixed | 2031-10-15 | GBP | 98.16 | 5.41% | — | 1 | $265K | Jul 2026 |
| BR5518542 | 1.375% fixed | 2031-12-29 | EUR | 99.53 | 1.46% | — | 1 | $341K | Jun 2026 |
| BT3323917 | 0.25% fixed | 2032-01-12 | EUR | 172.98 | — | — | 1 | $544K | Jun 2026 |
| D1706CBT0 | 0.25% fixed | 2032-01-12 | EUR | 85.18 | 3.26% | — | 1 | $295K | Jul 2026 |
| D1706CKV5 | 3.625% variable | 2032-01-14 | EUR | 99.28 | — | — | 2 | $11.7M | Jul 2026 |
| YW2876699 | 4% fixed | 2032-07-16 | EUR | 100.83 | 3.84% | — | 5 | $24.1M | Jul 2026 |
| BY6398469 | 2.25% fixed | 2032-09-01 | EUR | 94.27 | 3.30% | — | 1 | $465K | Jul 2026 |
| ACI2XGH43 | 6.625% fixed | 2032-10-09 | EUR | 106.28 | 5.40% | — | 3 | $4.4M | Jul 2026 |
| BY7414323 | 6.5% fixed | 2032-12-06 | EUR | 103.09 | 5.89% | — | 1 | $238K | Jul 2026 |
| DE000CZ46CD1 | 3.125% fixed | 2033-01-14 | EUR | 98.83 | 3.33% | — | 3 | $15.2M | Jul 2026 |
| ZN5682705 | 8.625% variable | 2033-02-28 | GBP | 104.66 | — | — | 1 | $1.2M | Jun 2026 |
| BP83KSII8 | 8.63% variable | 2033-02-28 | GBP | 104.02 | — | — | 1 | $280K | Jul 2026 |
| DE000CZ46CR1 | 3.75% fixed | 2033-06-03 | EUR | 99.01 | 3.92% | — | 2 | $7.0M | Jul 2026 |
| D1706CEX8 | 3.125% fixed | 2033-06-13 | EUR | 98.83 | 3.32% | — | 1 | $5.7M | Jul 2026 |
| ZK8851683 | 3.125% fixed | 2033-06-13 | EUR | 201.60 | — | — | 1 | $922K | Jun 2026 |
| D1706CFC3 | 6.75% variable | 2033-10-05 | EUR | 105.36 | — | — | 4 | $21.5M | Jul 2026 |
| AW4431002 | 1.25% fixed | 2034-01-09 | EUR | 86.30 | 3.36% | — | 3 | $7.3M | Jul 2026 |
| D1706CHR8 | 3% fixed | 2034-03-13 | EUR | 97.37 | 3.40% | — | 3 | $34.1M | Jul 2026 |
| D1706CQU1 | 3.75% fixed | 2034-06-06 | EUR | 98.27 | 4.01% | — | 1 | $227K | Jul 2026 |
| ZB2769915 | 4.88% variable | 2034-10-16 | EUR | 102.54 | — | — | 3 | $16.8M | Jul 2026 |
| DE000CZ45ZL7 | 2.88% fixed | 2035-02-27 | EUR | 95.72 | 3.46% | — | 1 | $276K | Jul 2026 |
| D1706CKG8 | 3.875% fixed | 2035-10-15 | EUR | 98.47 | 4.08% | — | 1 | $227K | Jul 2026 |
| D1706CVY7 | 3.125% fixed | 2036-01-15 | EUR | 97.00 | 3.50% | — | 3 | $28.5M | Jul 2026 |
| DE000CZ457B8 | 3.875% fixed | 2036-09-02 | EUR | 97.79 | 4.15% | — | 4 | $34.3M | Jul 2026 |
| ACI2S66K7 | 4.125% fixed | 2037-02-20 | EUR | 99.54 | 4.18% | — | 2 | $6.0M | Jul 2026 |
| DE000CZ46CA7 | 3.875% fixed | 2037-03-03 | EUR | 97.19 | 4.21% | — | 3 | $22.8M | Jul 2026 |
| D1706CRV8 | 4.125% variable | 2037-06-30 | EUR | 99.17 | — | — | 3 | $11.7M | Jul 2026 |
| DE000CZ457W4 | 4% fixed | 2038-01-21 | EUR | 98.30 | 4.19% | — | 1 | $113K | Jul 2026 |
| D1706B8H2 | 6.5% fixed | 2500-12-31 | EUR | — | — | — | 1 | $485K | Jun 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 | 47 | $664.7M | 98.78 | 6.41% | 210 bp | 12 |
| Jun 2026 | 43 | $197.2M | 100.57 | 6.27% | 208 bp | 14 |
| May 2026 | 8 | $24.8M | 102.93 | 6.31% | 219 bp | 8 |
| Apr 2026 | 47 | $627.6M | 98.89 | 6.32% | 242 bp | 10 |
| Mar 2026 | 42 | $155.4M | 99.12 | 7.11% | 328 bp | 12 |
| Feb 2026 | 7 | $19.4M | 101.78 | 5.97% | 232 bp | 8 |
| Jan 2026 | 42 | $530.7M | 100.69 | 6.06% | 231 bp | 10 |
| Dec 2025 | 40 | $163.7M | 100.92 | 6.24% | 255 bp | 12 |
| Nov 2025 | 8 | $22.2M | 102.52 | 6.37% | 271 bp | 9 |
| Oct 2025 | 43 | $548.7M | 101.24 | 6.29% | 264 bp | 10 |
| Sep 2025 | 31 | $208.5M | 101.02 | 6.29% | 263 bp | 16 |
| Aug 2025 | 12 | $35.8M | 101.98 | 6.58% | 278 bp | 9 |
| Jul 2025 | 41 | $502.6M | 100.89 | 6.65% | 268 bp | 10 |
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. 16 added, 3 cut, 8 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $245.3M | $280.1M | $24.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $208.2M | $237.5M | $19.0M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $39.3M | $46.6M | $27.3M |
| First Trust Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $36.8M | $38.3M | $0 |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $31.4M | $32.8M | $0 |
| First Trust Institutional Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $23.4M | $24.3M | $0 |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | $16.3M | $19.4M | $0 |
| Capital World Bond Fund | 2026-06-30 | $13.8M | $16.3M | $7.0M |
| JPMorgan International Bond Opportunities ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $13.0M | $15.6M | $4.0M |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $11.5M | $13.1M | -$2.5M |
| First Trust Intermediate Duration Preferred & Income Fund | 2026-07-31 | $11.4M | $11.9M | $0 |
| Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 2026-07-31 | $10.4M | $11.4M | $0 |
| American Funds Global Balanced Fund | 2026-07-31 | $9.4M | $10.9M | $0 |
| Cohen & Steers Short Duration Preferred & Income Fund,Inc. Cohen & Steers Short Duration Preferred & Income Fund, Inc. | 2026-07-31 | $8.4M | $8.7M | $2.2M |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $7.4M | $8.7M | $1.5M |
| PIMCO Preferred and Capital Securities Fund PIMCO FUNDS | 2026-06-30 | $6.0M | $7.5M | $0 |
| JPMorgan Preferred and Income Securities Fund JPMorgan Trust IV | 2026-06-30 | $6.2M | $6.5M | $0 |
| Muzinich Low Duration Fund Professionally Managed Portfolios | 2026-06-30 | $3.9M | $4.8M | $900K |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $4.4M | $4.6M | $0 |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $3.6M | $3.9M | $50K |
| Cohen & Steers Ltd Duration Preferred & Income Fund, Inc. | 2026-06-30 | $3.6M | $3.8M | $0 |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $3.3M | $3.7M | $500K |
| Fidelity SAI International Credit Fund Fidelity Salem Street Trust | 2026-06-30 | $3.1M | $3.6M | $0 |
| COHEN & STEERS INFRASTRUCTURE FUND INC | 2026-06-30 | $3.2M | $3.3M | $0 |
| JPMorgan Global Allocation Fund JPMorgan Trust I | 2026-07-31 | $2.7M | $3.2M | $800K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD SHORT-TERM INVESTMENT-GRADE FUND ($4.0M), Goldman Sachs Multi-Manager Non-Core Fixed Income Fund ($1.6M), MFS Global Opportunistic Bond Fund ($1.0M), Global Bond Fund ($500K), Jackson Credit Opportunities Fund ($400K), MFS Global Tactical Allocation Portfolio ($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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 21 | $208.2M | $237.5M | 0.19% |
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 1 | $36.8M | $38.3M | 0.61% |
| FPEI First Trust Institutional Preferred Securities and Income ETF | 2026-07-31 | 1 | $23.4M | $24.3M | 1.26% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 3 | $13.0M | $15.6M | 0.78% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 34 | $11.5M | $13.1M | 0.12% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 7 | $3.6M | $3.9M | 0.10% |
| FLIA Franklin International Aggregate Bond ETF | 2026-06-30 | 1 | $2.0M | $2.3M | 0.30% |
| PRFD PIMCO Preferred and Capital Securities Active Exchange-Traded Fund | 2026-06-30 | 1 | $1.8M | $1.9M | 0.85% |
| CSPF Cohen & Steers Preferred and Income Opportunities Active ETF | 2026-06-30 | 2 | $1.6M | $1.8M | 0.66% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $600K | $703K | 0.00% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 1 | $200K | $261K | 0.02% |
| AVGB Avantis Credit ETF | 2026-05-31 | 1 | $200K | $230K | 1.12% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 1 | $200K | $226K | 0.05% |
| CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2026-06-30 | 1 | $200K | $209K | 0.45% |
| 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
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 210 bp spread prices in about 3.5% 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
Not available.
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 2.7y +33 bp, EUR 4.5y +35 bp, EUR 7.6y +30 bp, EUR 9.5y +30 bp, EUR 10.1y +91 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in CBK.DE'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 | $6.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 7 | $6.3M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 7 | $3.4M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 8 | $1.4M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 5 | $1.4M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 7 | $1.2M | 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.