Heineken N.V. bonds HEIA.AS
Who owns Heineken N.V.'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. HEIA.AS 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 |
|---|---|---|---|---|---|---|---|---|---|
| AU3488841 | 1.25% fixed | 2027-03-17 | EUR | 98.64 | 2.84% | — | 1 | $405K | Apr 2026 |
| 423012AF0 | 3.5% fixed | 2028-01-29 | USD | 98.47 | 4.57% | 44 bp | 7 | $51.7M | Jul 2026 |
| YK4399217 | 2.565% fixed | 2028-10-03 | EUR | 99.29 | 2.89% | — | 1 | $2.8M | Jun 2026 |
| AP2694770 | 1.5% fixed | 2029-10-03 | EUR | 94.74 | 3.27% | — | 2 | $546K | Jul 2026 |
| BH3422566 | 2.25% fixed | 2030-03-30 | EUR | 96.18 | 3.37% | — | 3 | $17.2M | Jul 2026 |
| ZL5095365 | 3.875% fixed | 2030-09-23 | EUR | 101.62 | 3.45% | — | 3 | $41.0M | Jul 2026 |
| XS1877595014 | 1.75% fixed | 2031-03-17 | EUR | 92.69 | 3.49% | — | 1 | $107K | Jul 2026 |
| XS3226565219 | 2.99% fixed | 2031-07-14 | EUR | 97.43 | 3.57% | — | 1 | $225K | Jul 2026 |
| BJ1875167 | 1.25% fixed | 2033-05-07 | EUR | 85.36 | 3.74% | — | 1 | $3.9M | Jul 2026 |
| XS3302904555 | 3.38% fixed | 2034-02-26 | EUR | 96.94 | 3.85% | — | 1 | $252K | Jul 2026 |
| XS3195042224 | 3.51% fixed | 2034-05-03 | EUR | 97.76 | 3.85% | — | 4 | $1.1M | Jul 2026 |
| XS2599169922 | 4.13% fixed | 2035-03-23 | EUR | 101.14 | 3.97% | — | 5 | $14.2M | Jul 2026 |
| YX9531584 | 3.81% fixed | 2036-07-04 | EUR | 97.72 | 4.09% | — | 1 | $225K | Jul 2026 |
| XS3195043891 | 3.872% fixed | 2037-10-03 | EUR | 97.23 | 4.19% | — | 1 | $224K | Jul 2026 |
| XS3302912061 | 3.88% fixed | 2038-02-26 | EUR | 97.32 | 4.17% | — | 1 | $253K | Jul 2026 |
| XS2168630205 | 1.75% fixed | 2040-05-07 | EUR | 73.61 | 4.33% | — | 3 | $15.7M | Jul 2026 |
| 423012AE3 | 4% fixed | 2042-10-01 | USD | 79.96 | 5.95% | 103 bp | 5 | $6.0M | Jul 2026 |
| XS3226565482 | 4.24% fixed | 2045-11-14 | EUR | 94.81 | 4.65% | — | 4 | $17.6M | Jul 2026 |
| 423012AG8 | 4.35% fixed | 2047-03-29 | USD | 80.72 | 5.99% | 88 bp | 1 | $694K | 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 | 17 | $171.0M | 96.94 | 5.95% | 88 bp | 7 |
| Jun 2026 | 8 | $31.3M | 98.25 | 5.07% | 57 bp | 7 |
| May 2026 | 4 | $63.2M | 91.09 | 5.60% | 69 bp | 9 |
| Apr 2026 | 18 | $142.1M | 97.64 | 5.67% | 95 bp | 5 |
| Mar 2026 | 7 | $39.4M | 97.61 | 5.08% | 81 bp | 9 |
| Feb 2026 | 4 | $63.0M | 92.83 | 5.30% | 74 bp | 9 |
| Jan 2026 | 16 | $106.9M | 98.30 | 5.49% | 89 bp | 6 |
| Dec 2025 | 8 | $63.4M | 99.14 | 4.80% | 67 bp | 7 |
| Nov 2025 | 4 | $61.8M | 92.32 | 5.35% | 84 bp | 8 |
| Oct 2025 | 15 | $96.2M | 98.63 | 5.38% | 94 bp | 5 |
| Sep 2025 | 5 | $55.6M | 98.84 | 4.85% | 71 bp | 8 |
| Aug 2025 | 3 | $60.5M | 82.26 | 5.69% | 95 bp | 9 |
| Jul 2025 | 14 | $95.3M | 97.73 | 5.68% | 90 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. 6 added, 6 cut, 5 new holders and 9 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 | $47.5M | $50.1M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $40.0M | $43.6M | $0 |
| T. Rowe Price Short-Term Bond Fund, Inc. T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $24.1M | $23.8M | $0 |
| Invesco Ultra Short Duration ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $20.9M | $20.6M | $0 |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $20.0M | $19.7M | new |
| Invesco International Bond Fund AIM Investment Funds (Invesco Investment Funds) | 2026-07-31 | $10.0M | $11.7M | new |
| Invesco Equity and Income Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $9.7M | $9.6M | $0 |
| Columbia Core Bond ETF Columbia ETF Trust I | 2026-06-30 | $9.7M | $9.5M | $0 |
| Columbia Balanced Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $8.7M | $8.6M | $0 |
| Columbia Select Short Corporate Income Fund Columbia Funds Series Trust II | 2026-07-31 | $8.2M | $8.0M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $7.8M | $6.6M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.9M | $5.9M | -$520K |
| Columbia Variable Portfolio - Select Short Corporate Income Fund Columbia Funds Variable Series Trust II | 2026-06-30 | $4.9M | $4.8M | $0 |
| Strategic Advisers Short Duration Fund Fidelity Rutland Square Trust II | 2026-05-31 | $4.4M | $4.4M | $785K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.3M | $3.9M | $0 |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $4.4M | $3.5M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $2.9M | $3.1M | -$550K |
| Nuveen International Bond Fund TIAA-CREF Funds | 2026-06-30 | $2.5M | $2.8M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $2.9M | $2.6M | $45K |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $2.7M | $2.3M | $0 |
| Short-Term Bond Portfolio NORTHWESTERN MUTUAL SERIES FUND INC | 2026-06-30 | $2.0M | $1.9M | $0 |
| DFA Global Core Plus Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.5M | $1.8M | $0 |
| Strategic Advisers Fidelity Short Duration Fund Fidelity Rutland Square Trust II | 2026-05-31 | $1.6M | $1.6M | $575K |
| MFS Global Opportunistic Bond Fund MFS Series Trust X | 2026-05-31 | $1.2M | $1.4M | $0 |
| ENHANCED U.S. LARGE COMPANY PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.2M | $1.2M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JNL/T. Rowe Price Short-Term Bond Fund ($5.4M), BlackRock Core Bond Portfolio ($1.8M), Capital World Bond Fund ($770K), AB GLOBAL BOND FUND, INC. ($698K), BlackRock Total Return V.I. Fund ($224K), MFS Global Tactical Allocation Portfolio ($190K), Multimanager Core Bond Portfolio ($150K), iShares Total Return Active ETF ($110K), MFS CHARTER INCOME TRUST ($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 | 6 | $40.0M | $43.6M | 0.04% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $20.9M | $20.6M | 0.52% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 1 | $20.0M | $19.7M | 0.89% |
| CRUX Columbia Core Bond ETF | 2026-06-30 | 1 | $9.7M | $9.5M | 0.43% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.9M | $5.9M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $4.3M | $3.9M | 0.02% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 9 | $2.9M | $3.1M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.9M | $2.6M | 0.01% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 1 | $1.1M | $880K | 0.01% |
| APCB ActivePassive Core Bond ETF | 2026-05-31 | 1 | $882K | $871K | 0.09% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $931K | $774K | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $420K | $413K | 0.01% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 1 | $385K | $308K | 0.04% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 1 | $100K | $117K | 0.00% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $100K | $112K | 0.54% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.05: safer than 59% of companies (50th percentile in Consumer Defensive). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $47.48B |
| Debt barrier (short-term + ½ long-term debt) | $13.10B |
| Equity volatility (1 year) | 32.0% |
| Asset value / asset volatility (solved) | $60.03B / 25.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 88 bp spread prices in about 1.5% 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
Altman Z'' = 1.60 (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 4.1y +51 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in HEIA.AS'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 | $170K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 11 | $50.3M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 14 | $49.2M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 13 | $51.9M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 14 | $51.0M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 16 | $58.1M | 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.