IHS Holding Limited bonds IHS
Who owns IHS Holding Limited'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. IHS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 44963HAA3 | 5.625% fixed | 2026-11-29 | USD | 99.57 | 6.95% | 318 bp | 8 | $12.8M | Jul 2026 |
| G4701HAB5 | 5.63% fixed | 2026-11-29 | USD | 99.49 | 7.18% | 342 bp | 2 | $2.3M | Jul 2026 |
| 44963LAC0 | 8% fixed | 2027-09-18 | USD | 99.95 | 8.03% | 396 bp | 6 | $2.8M | Jul 2026 |
| 44963HAB1 | 6.25% fixed | 2028-11-29 | USD | 99.52 | 6.47% | 224 bp | 12 | $5.7M | Jul 2026 |
| G4701HAA7 | 6.25% fixed | 2028-11-29 | USD | 99.46 | 6.50% | 226 bp | 7 | $4.2M | Jul 2026 |
| BS5471211 | 6.25% fixed | 2028-11-29 | USD | 99.39 | 6.53% | 230 bp | 1 | $219K | Jul 2026 |
| G4701HAD1 | 7.875% fixed | 2030-05-29 | USD | 102.64 | 7.07% | 278 bp | 5 | $4.3M | Jul 2026 |
| 44963HAC9 | 7.875% fixed | 2030-05-29 | USD | 102.56 | 7.09% | 280 bp | 15 | $15.2M | Jul 2026 |
| YT2657856 | 7.875% fixed | 2030-05-29 | USD | 102.52 | 7.11% | 282 bp | 1 | $359K | Jul 2026 |
| G4701HAC3 | 8.25% fixed | 2031-11-29 | USD | 104.33 | 7.25% | 290 bp | 6 | $4.5M | Jul 2026 |
| YT2657823 | 8.25% fixed | 2031-11-29 | USD | 104.27 | 7.27% | 291 bp | 1 | $417K | Jul 2026 |
| 44963HAD7 | 8.25% fixed | 2031-11-29 | USD | 104.32 | 7.25% | 290 bp | 18 | $10.7M | 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 | 12 | $63.5M | 101.23 | 7.10% | 281 bp | 18 |
| Jun 2026 | 8 | $126.2M | 101.42 | 7.03% | 285 bp | 19 |
| May 2026 | 9 | $100.0M | 100.00 | 6.96% | 287 bp | 23 |
| Apr 2026 | 12 | $62.1M | 101.50 | 7.00% | 312 bp | 20 |
| Mar 2026 | 8 | $99.3M | 100.56 | 7.50% | 370 bp | 20 |
| Feb 2026 | 9 | $112.3M | 100.40 | 6.60% | 298 bp | 24 |
| Jan 2026 | 12 | $79.3M | 101.47 | 7.08% | 335 bp | 21 |
| Dec 2025 | 8 | $104.5M | 101.44 | 7.09% | 344 bp | 22 |
| Nov 2025 | 8 | $108.0M | 99.81 | 7.34% | 370 bp | 25 |
| Oct 2025 | 12 | $99.8M | 101.01 | 7.31% | 360 bp | 26 |
| Sep 2025 | 9 | $108.6M | 100.28 | 6.98% | 334 bp | 23 |
| Aug 2025 | 8 | $94.7M | 99.68 | 7.21% | 340 bp | 28 |
| Jul 2025 | 12 | $98.0M | 100.87 | 7.53% | 358 bp | 25 |
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. 24 added, 28 cut, 10 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $28.1M | $29.2M | -$11.9M |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $19.6M | $19.6M | $0 |
| American Funds Emerging Markets Bond Fund | 2026-06-30 | $16.4M | $17.0M | $11.4M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $13.6M | $14.1M | -$435K |
| Capital World Bond Fund | 2026-06-30 | $13.7M | $14.1M | new |
| Emerging Markets Debt Fund John Hancock Funds II | 2026-05-31 | $12.4M | $12.4M | $3.3M |
| Fidelity New Markets Income Fund Fidelity Summer Street Trust | 2026-06-30 | $9.0M | $9.2M | $0 |
| Fidelity Emerging Markets Debt Central Fund Fidelity Hanover Street Trust | 2026-06-30 | $7.3M | $7.4M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $6.8M | $7.1M | $2.5M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $7.0M | $7.0M | $0 |
| Finisterre Emerging Markets Total Return Bond Fund Principal Funds, Inc | 2026-07-31 | $6.4M | $6.6M | -$250K |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $5.5M | $5.6M | -$4.1M |
| Short Duration Bond Fund John Hancock Bond Trust | 2026-05-31 | $5.4M | $5.4M | $1.2M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $5.1M | $5.2M | -$373K |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $4.9M | $5.0M | new |
| Fidelity Series Emerging Markets Debt Fund Fidelity Hastings Street Trust | 2026-06-30 | $4.7M | $4.8M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $4.5M | $4.6M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.5M | $4.5M | $450K |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.3M | $4.3M | $680K |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $3.9M | $3.9M | $2.2M |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $3.5M | $3.6M | $0 |
| Balanced Fund John Hancock Investment Trust | 2026-07-31 | $3.3M | $3.4M | $538K |
| Nuveen Emerging Markets Debt Fund TIAA-CREF Funds | 2026-06-30 | $3.1M | $3.2M | $0 |
| Nuveen Strategic Income Fund Nuveen Investment Funds, Inc. | 2026-05-31 | $3.0M | $3.1M | $0 |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $3.1M | $3.1M | -$2.3M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND ($2.0M), Payden Managed Income Fund ($600K), Goldman Sachs Multi-Manager Non-Core Fixed Income Fund ($495K), Jackson Credit Opportunities Fund ($200K), Virtus Newfleet Multi-Sector Intermediate Bond Series ($22K).
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 |
|---|---|---|---|---|---|
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 3 | $13.6M | $14.1M | 0.87% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $5.1M | $5.2M | 0.15% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 3 | $3.1M | $3.1M | 0.01% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 3 | $2.9M | $2.9M | 0.56% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.0M | $2.0M | 0.00% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 3 | $1.9M | $2.0M | 0.17% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 3 | $1.6M | $1.6M | 0.26% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 3 | $1.2M | $1.2M | 0.30% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 3 | $970K | $995K | 0.44% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 1 | $890K | $930K | 0.05% |
| VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 2026-07-31 | 4 | $692K | $715K | 1.44% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 1 | $610K | $637K | 0.05% |
| EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2026-05-31 | 1 | $400K | $419K | 0.42% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $400K | $398K | 0.01% |
| SHYL Xtrackers Short Duration High Yield Bond ETF | 2026-05-29 | 2 | $383K | $389K | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.08: safer than 59% of companies (69th percentile in Real Estate). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.85B |
| Debt barrier (short-term + ½ long-term debt) | $1.72B |
| Equity volatility (1 year) | 25.7% |
| Asset value / asset volatility (solved) | $4.49B / 16.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 281 bp spread prices in about 4.7% 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'' = -2.00 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in IHS'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 | 6 | $324K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 118 | $1.31B | 1 | $101K | 3 | $363K | 0 |
| 2026-03-31 | 138 | $1.29B | 4 | $366K | 4 | $1.1M | 0 |
| 2025-12-31 | 127 | $1.01B | 3 | $289K | 6 | $1.5M | 0 |
| 2025-09-30 | 117 | $878.7M | 2 | $420K | 5 | $905K | 0 |
| 2025-06-30 | 110 | $701.0M | 4 | $195K | 4 | $671K | 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.