Centrica plc bonds CNA.L
Who owns Centrica plc'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. CNA.L 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 |
|---|---|---|---|---|---|---|---|---|---|
| EJ0461362 | 4.375% fixed | 2029-03-13 | GBP | 98.02 | 5.19% | — | 3 | $6.6M | Jul 2026 |
| EH5488406 | 7% fixed | 2033-09-19 | GBP | 106.35 | 5.90% | — | 3 | $7.6M | Jul 2026 |
| 15639KAB8 | 5.38% fixed | 2043-10-16 | USD | 89.11 | 6.43% | 147 bp | 1 | $365K | Jul 2026 |
| EJ3439845 | 4.25% fixed | 2044-09-12 | GBP | 74.03 | 6.76% | — | 4 | $12.8M | Jul 2026 |
| G2018ZAX9 | 4.25% fixed | 2044-09-12 | GBP | 76.84 | 6.43% | — | 1 | $1.0M | Jun 2026 |
| G2018ZRE3 | 6.5% fixed | 2055-05-21 | GBP | 101.24 | 6.40% | — | 3 | $10.8M | 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 | 5 | $38.1M | 98.02 | 6.43% | 147 bp | 4 |
| Jun 2026 | 3 | $17.5M | 98.87 | — | — | 15 |
| May 2026 | 2 | $1.7M | 96.13 | 6.20% | 131 bp | 2 |
| Apr 2026 | 5 | $39.9M | 98.07 | 6.24% | 150 bp | 4 |
| Mar 2026 | 3 | $17.0M | 98.09 | — | — | 15 |
| Feb 2026 | 3 | $3.2M | 100.67 | 5.87% | 130 bp | 2 |
| Jan 2026 | 5 | $41.4M | 100.33 | 6.03% | 138 bp | 3 |
| Dec 2025 | 3 | $18.5M | 100.18 | — | — | 14 |
| Nov 2025 | 3 | $2.0M | 100.03 | 5.89% | 134 bp | 2 |
| Oct 2025 | 5 | $39.4M | 100.05 | 6.03% | 153 bp | 3 |
| Sep 2025 | 3 | $18.3M | 99.19 | — | — | 14 |
| Aug 2025 | 2 | $1.3M | 94.77 | 6.27% | 153 bp | 2 |
| Jul 2025 | 5 | $37.9M | 99.12 | 6.31% | 149 bp | 4 |
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, 3 cut, 0 new holders and 2 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 | $12.3M | $14.5M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $9.1M | $10.6M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $7.1M | $9.6M | $0 |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $5.3M | $7.2M | $0 |
| BlackRock Global Allocation Fund, Inc. | 2026-07-31 | $2.0M | $2.7M | -$901K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $1.0M | $1.4M | $0 |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $1.0M | $1.0M | $0 |
| BlackRock Global Allocation V.I. Fund BlackRock Variable Series Funds, Inc. | 2026-06-30 | $728K | $989K | $0 |
| Opportunistic Credit Fund RUSSELL INVESTMENT CO | 2026-07-31 | $600K | $819K | -$200K |
| SIT International Fixed Income Fund SEI INSTITUTIONAL INTERNATIONAL TRUST | 2026-06-30 | $529K | $710K | $0 |
| BlackRock ESG Capital Allocation Term Trust | 2026-06-30 | $505K | $686K | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $750K | $685K | $0 |
| Allspring Core Plus ETF ALLSPRING EXCHANGE-TRADED FUNDS TRUST | 2026-05-31 | $500K | $680K | $0 |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $600K | $600K | $0 |
| BlackRock Capital Allocation Term Trust | 2026-06-30 | $394K | $535K | -$100K |
| JNL/BlackRock Global Allocation Fund JNL Series Trust | 2026-06-30 | $385K | $521K | $0 |
| LVIP BlackRock Global Allocation Fund LINCOLN VARIABLE INSURANCE PRODUCTS TRUST | 2026-06-30 | $356K | $483K | $0 |
| Dimensional International Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $453K | $452K | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $295K | $423K | $0 |
| Allspring Income Plus Fund ALLSPRING FUNDS TRUST | 2026-06-30 | $300K | $407K | $150K |
| Dimensional Global Credit ETF Dimensional ETF Trust | 2026-07-31 | $300K | $396K | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $410K | $365K | $0 |
| iShares 10+ Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $354K | $323K | $0 |
| MML Barings Unconstrained Income Fund MassMutual Advantage Funds | 2026-06-30 | $200K | $272K | $0 |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | $120K | $157K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Allspring Managed Account CoreBuilder Shares Series CP ($850K), JPMorgan International Bond Opportunities ETF ($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 | 3 | $9.1M | $10.6M | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $750K | $685K | 0.00% |
| APLU Allspring Core Plus ETF | 2026-05-31 | 1 | $500K | $680K | 0.16% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 1 | $600K | $600K | 0.17% |
| DFGX Dimensional International Core Fixed Income ETF | 2026-07-31 | 1 | $453K | $452K | 0.03% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 1 | $295K | $423K | 0.00% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 1 | $300K | $396K | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $410K | $365K | 0.00% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $354K | $323K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.46: safer than 43% of companies (44th percentile in Utilities). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $8.97B |
| Debt barrier (short-term + ½ long-term debt) | $1.82B |
| Equity volatility (1 year) | 46.6% |
| Asset value / asset volatility (solved) | $10.71B / 39.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 147 bp spread prices in about 2.4% 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
Altman Z'' = 4.23 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CNA.L'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 | 1 | $31K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 3 | $20K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 4 | $168K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 2 | $129K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 2 | $203K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 2 | $201K | 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.