CION Investment Corporation bonds CION
Who owns CION Investment Corporation'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. CION 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 |
|---|---|---|---|---|---|---|---|---|---|
| 17259UAC9 | 7.41% fixed | 2027-12-15 | USD | 100.18 | 7.26% | 315 bp | 1 | $40.1M | Jul 2026 |
| 17259UAF2 | 7.7% fixed | 2029-12-15 | USD | 100.42 | 7.55% | 328 bp | 1 | $19.6M | 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 | 2 | $59.7M | 100.30 | 7.41% | 321 bp | 1 |
| Apr 2026 | 1 | $39.5M | 98.73 | 8.25% | 449 bp | 1 |
| Jan 2026 | 1 | $39.6M | 98.93 | 8.03% | 449 bp | 1 |
| Dec 2025 | 1 | $230K | 99.81 | — | — | 1 |
| Oct 2025 | 1 | $1.6M | 99.47 | — | — | 1 |
| Sep 2025 | 1 | $228K | 99.31 | — | — | 1 |
| Jul 2025 | 1 | $1.6M | 98.47 | — | — | 1 |
| Jun 2025 | 1 | $227K | 98.53 | — | — | 1 |
| Apr 2025 | 1 | $1.6M | 97.95 | — | — | 1 |
| Mar 2025 | 1 | $225K | 97.90 | — | — | 1 |
| Jan 2025 | 1 | $1.6M | — | — | — | 1 |
| Dec 2024 | 1 | $223K | 97.17 | 7.18% | 295 bp | 1 |
| Oct 2024 | 1 | $1.6M | — | — | — | 1 |
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. 1 added, 0 cut, 0 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Holbrook Income Fund Two Roads Shared Trust | 2026-07-31 | $59.5M | $59.7M | $19.5M |
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 321 bp spread prices in about 5.4% 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.
The stock side: 13F filings
What institutions report holding in CION'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 | 13 | $2.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 135 | $97.4M | 1 | $12K | 2 | $72K | 0 |
| 2026-03-31 | 156 | $106.6M | 2 | $224K | 2 | $250K | 0 |
| 2025-12-31 | 160 | $161.6M | 0 | — | 3 | $470K | 0 |
| 2025-09-30 | 152 | $174.6M | 0 | — | 1 | $138K | 0 |
| 2025-06-30 | 160 | $179.0M | 3 | $211K | 3 | $325K | 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.