Grand City Properties S.A. bonds GYC.DE
Who owns Grand City Properties 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. GYC.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 |
|---|---|---|---|---|---|---|---|---|---|
| XS1654229373 | 1.375% fixed | 2026-08-03 | EUR | 100.00 | 1.37% | — | 1 | $346K | Jul 2026 |
| XS1781401085 | 1.5% fixed | 2027-02-22 | EUR | 99.19 | 2.95% | — | 1 | $114K | Jul 2026 |
| BN3335799 | 0.125% fixed | 2028-01-11 | EUR | 95.25 | 3.54% | — | 3 | $7.9M | Jul 2026 |
| YW1072753 | 4.38% fixed | 2030-01-09 | EUR | 101.53 | 3.89% | — | 10 | $19.0M | Jul 2026 |
| XS1706939904 | 2% fixed | 2032-10-25 | EUR | 87.27 | 4.37% | — | 3 | $2.1M | 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 | 5 | $29.4M | 99.19 | — | — | 10 |
| Jun 2026 | 2 | $3.4M | 91.96 | — | — | 2 |
| Apr 2026 | 6 | $49.9M | 99.12 | — | — | 10 |
| Mar 2026 | 3 | $15.0M | 97.98 | — | — | 12 |
| Jan 2026 | 5 | $51.9M | 99.43 | — | — | 10 |
| Dec 2025 | 3 | $14.7M | 98.44 | — | — | 12 |
| Oct 2025 | 5 | $57.2M | 98.44 | — | — | 10 |
| Sep 2025 | 3 | $13.5M | 97.79 | — | — | 13 |
| Jul 2025 | 5 | $47.0M | 97.97 | — | — | 8 |
| Jun 2025 | 3 | $6.0M | 96.90 | — | — | 6 |
| Apr 2025 | 5 | $29.6M | 97.42 | — | — | 5 |
| Mar 2025 | 3 | $2.3M | 94.49 | — | — | 5 |
| Jan 2025 | 5 | $26.0M | 96.38 | — | — | 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. 0 added, 0 cut, 4 new holders and 20 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 | $6.8M | $7.6M | $0 |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $4.9M | $5.7M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $4.4M | $5.0M | $0 |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $3.3M | $3.9M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $2.0M | $2.0M | new |
| DFA TARGETED CREDIT PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.4M | $1.6M | $0 |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $900K | $1.1M | $0 |
| VANGUARD STAR CORE-PLUS BOND FUND VANGUARD STAR FUNDS | 2026-07-31 | $1.0M | $1.0M | new |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $800K | $879K | $0 |
| DFA Intermediate-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $700K | $820K | $0 |
| VANGUARD CORE BOND ETF VANGUARD MALVERN FUNDS | 2026-06-30 | $800K | $810K | new |
| VANGUARD GLOBAL CREDIT BOND FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $800K | $805K | new |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $500K | $584K | $0 |
| State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $500K | $545K | $0 |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $300K | $329K | $0 |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $100K | $117K | $0 |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $0 | $0 | -$14.7M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $0 | $0 | -$6.7M |
| Muzinich Low Duration Fund Professionally Managed Portfolios | 2026-06-30 | $0 | $0 | -$2.1M |
| BlackRock Total Return Fund BlackRock Bond Fund, Inc. | 2026-06-30 | $0 | $0 | -$1.7M |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $0 | $0 | -$1.7M |
| BlackRock Credit Relative Value Fund BlackRock Funds IV | 2026-07-31 | $0 | $0 | -$1.1M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $0 | $0 | -$900K |
| Opportunistic Credit Fund RUSSELL INVESTMENT CO | 2026-07-31 | $0 | $0 | -$500K |
| BlackRock Income Fund BlackRock Funds V | 2026-06-30 | $0 | $0 | -$300K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares Flexible Income Active ETF ($14.7M), BlackRock Strategic Income Opportunities Portfolio ($6.7M), Muzinich Low Duration Fund ($2.1M), BlackRock Multi-Asset Income Portfolio ($1.7M), BlackRock Total Return Fund ($1.7M), BlackRock Credit Relative Value Fund ($1.1M), BlackRock High Yield Portfolio ($900K), Opportunistic Credit Fund ($500K), MML Barings Unconstrained Income Fund ($300K), BlackRock Income Fund ($300K).
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 | 2 | $4.4M | $5.0M | 0.00% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 4 | $800K | $879K | 0.01% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 1 | $800K | $810K | 0.01% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $500K | $584K | 0.01% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 1 | $500K | $545K | 0.12% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 1 | $300K | $329K | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.44: safer than 42% of companies (52th percentile in Real Estate). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $1.81B |
| Debt barrier (short-term + ½ long-term debt) | $3.73B |
| Equity volatility (1 year) | 27.2% |
| Asset value / asset volatility (solved) | $5.38B / 9.1% |
| 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'' = 2.41 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
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.