The Coca-Cola Company bonds KO
Who owns The Coca-Cola Company'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. KO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 191216CR9 | 3.375% fixed | 2027-03-25 | USD | 99.48 | 4.18% | 28 bp | 3 | $8.2M | Jul 2026 |
| 191216CE8 | 2.9% fixed | 2027-05-25 | USD | 98.92 | 4.26% | 28 bp | 2 | $3.9M | Jul 2026 |
| 191216CU2 | 1.45% fixed | 2027-06-01 | USD | 97.72 | 4.25% | 27 bp | 5 | $11.9M | Jul 2026 |
| 191216DJ6 | 1.5% fixed | 2028-03-05 | USD | 95.70 | 4.32% | 16 bp | 8 | $7.3M | Jul 2026 |
| 191216DD9 | 1% fixed | 2028-03-15 | USD | 94.83 | 4.33% | 17 bp | 9 | $23.0M | Jul 2026 |
| UV9446187 | 1% fixed | 2028-10-02 | CHF | 154.21 | — | — | 2 | $18.7M | Jul 2026 |
| 191216DF4 | 0.125% fixed | 2029-03-09 | EUR | 92.56 | 3.14% | — | 3 | $6.4M | Jul 2026 |
| 191216CZ1 | 0.125% fixed | 2029-03-15 | EUR | 92.52 | 3.14% | — | 1 | $4.9M | Jul 2026 |
| 191216CM0 | 2.13% fixed | 2029-09-06 | USD | 93.27 | 4.48% | 22 bp | 6 | $11.1M | Jul 2026 |
| 191216CT5 | 3.45% fixed | 2030-03-25 | USD | 96.35 | 4.54% | 26 bp | 9 | $10.8M | Jul 2026 |
| 191216DM9 | 0.4% fixed | 2030-05-06 | EUR | 89.79 | 3.33% | — | 2 | $16.3M | Jul 2026 |
| 191216CV0 | 1.65% fixed | 2030-06-01 | USD | 89.70 | 4.61% | 32 bp | 13 | $13.1M | Jul 2026 |
| 191216DK3 | 2% fixed | 2031-03-05 | USD | 89.10 | 4.66% | 34 bp | 11 | $7.4M | Jul 2026 |
| 191216CK4 | 1.25% fixed | 2031-03-08 | EUR | 91.14 | 3.36% | — | 1 | $6.2M | Jul 2026 |
| 191216DE7 | 1.375% fixed | 2031-03-15 | USD | 86.64 | 4.62% | 30 bp | 11 | $12.7M | Jul 2026 |
| 191216DP2 | 2.25% fixed | 2032-01-05 | USD | 88.56 | 4.66% | 30 bp | 7 | $13.3M | Jul 2026 |
| 191216DU1 | 3.13% fixed | 2032-05-14 | EUR | 98.24 | 3.47% | — | 1 | $453K | Jul 2026 |
| 191216DG2 | 0.5% fixed | 2033-03-09 | EUR | 82.28 | 3.56% | — | 2 | $15.4M | Jul 2026 |
| 191216DA5 | 0.375% fixed | 2033-03-15 | EUR | 81.46 | 3.57% | — | 2 | $5.0M | Jul 2026 |
| 191216DR8 | 5% fixed | 2034-05-13 | USD | 100.76 | 4.88% | 38 bp | 8 | $5.4M | Jul 2026 |
| 191216DY3 | 4.65% fixed | 2034-08-14 | USD | 98.53 | 4.87% | 36 bp | 10 | $10.3M | Jul 2026 |
| 191216BQ2 | 1.625% fixed | 2035-03-09 | EUR | 84.58 | 3.75% | — | 3 | $6.0M | Jul 2026 |
| 191216DN7 | 0.95% fixed | 2036-05-06 | EUR | 77.12 | 3.80% | — | 2 | $5.9M | Jul 2026 |
| 191216DW7 | 3.375% fixed | 2037-08-15 | EUR | 94.45 | 4.01% | — | 1 | $762K | Jul 2026 |
| 191216DB3 | 0.8% fixed | 2040-03-15 | EUR | 65.75 | 4.14% | — | 2 | $9.1M | Jul 2026 |
| 191216CW8 | 2.5% fixed | 2040-06-01 | USD | 71.27 | 5.49% | 70 bp | 6 | $2.4M | Jul 2026 |
| 191216DH0 | 1% fixed | 2041-03-09 | EUR | 65.52 | 4.21% | — | 4 | $5.0M | Jul 2026 |
| 191216DQ0 | 2.875% fixed | 2041-05-05 | USD | 73.78 | 5.49% | 65 bp | 7 | $1.8M | Jul 2026 |
| 191216DV9 | 3.5% fixed | 2044-05-14 | EUR | 92.45 | 4.10% | — | 1 | $1.2M | Jun 2026 |
| 191216CQ1 | 4.2% fixed | 2050-03-25 | USD | 79.05 | 5.85% | 74 bp | 5 | $1.3M | Jul 2026 |
| 191216CX6 | 2.6% fixed | 2050-06-01 | USD | 58.38 | 5.86% | 76 bp | 8 | $11.2M | Jul 2026 |
| 191216DL1 | 3% fixed | 2051-03-05 | USD | 62.83 | 5.88% | 77 bp | 7 | $20.2M | Jul 2026 |
| 191216DC1 | 2.5% fixed | 2051-03-15 | USD | 56.39 | 5.87% | 76 bp | 8 | $10.5M | Jul 2026 |
| 191216DX5 | 3.75% fixed | 2053-08-15 | EUR | 88.14 | 4.52% | — | 4 | $10.5M | Jul 2026 |
| 191216DS6 | 5.3% fixed | 2054-05-13 | USD | 92.15 | 5.88% | 77 bp | 7 | $2.8M | Jul 2026 |
| 191216DZ0 | 5.2% fixed | 2055-01-14 | USD | 90.73 | 5.87% | 77 bp | 8 | $5.2M | Jul 2026 |
| 191216CY4 | 2.75% fixed | 2060-06-01 | USD | 54.60 | 5.84% | 74 bp | 7 | $2.4M | Jul 2026 |
| 191216DT4 | 5.4% fixed | 2064-05-13 | USD | 91.43 | 5.97% | 87 bp | 11 | $4.1M | 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 | 37 | $310.8M | 89.79 | 4.88% | 37 bp | 13 |
| Jun 2026 | 35 | $763.8M | 92.52 | 4.65% | 27 bp | 25 |
| May 2026 | 24 | $847.2M | 93.29 | 4.57% | 22 bp | 22 |
| Apr 2026 | 37 | $313.7M | 90.42 | 4.44% | 36 bp | 13 |
| Mar 2026 | 32 | $842.7M | 91.04 | 4.44% | 43 bp | 25 |
| Feb 2026 | 23 | $998.0M | 94.99 | 3.96% | 18 bp | 23 |
| Jan 2026 | 37 | $309.7M | 91.08 | 4.15% | 30 bp | 14 |
| Dec 2025 | 32 | $834.8M | 91.95 | 4.07% | 33 bp | 26 |
| Nov 2025 | 23 | $1.01B | 94.27 | 3.97% | 27 bp | 23 |
| Oct 2025 | 37 | $300.5M | 92.42 | 4.13% | 42 bp | 13 |
| Sep 2025 | 33 | $883.9M | 92.69 | 4.29% | 41 bp | 27 |
| Aug 2025 | 23 | $984.7M | 93.41 | 4.24% | 30 bp | 24 |
| Jul 2025 | 37 | $326.0M | 91.62 | 4.39% | 36 bp | 14 |
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. 52 added, 64 cut, 8 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $296.6M | $246.0M | -$26.3M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $277.3M | $236.8M | -$14.7M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $158.0M | $130.7M | -$9.4M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $138.9M | $129.3M | $16.4M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $123.0M | $105.0M | -$7.9M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $75.3M | $63.2M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $57.9M | $57.1M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $52.6M | $49.3M | $830K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $46.9M | $44.8M | -$125.6M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $42.7M | $42.1M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $46.6M | $40.0M | -$2.1M |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $53.7M | $32.3M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $36.3M | $31.6M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $30.5M | $30.0M | $467K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $37.9M | $27.6M | -$6.7M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $27.6M | $26.2M | -$12.2M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $31.7M | $26.0M | $3.7M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $22.7M | $21.8M | -$11.8M |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $23.0M | $21.4M | -$2.2M |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $21.3M | $21.0M | $918K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $22.7M | $20.5M | $2.7M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $20.1M | $19.1M | -$7.7M |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $20.6M | $17.4M | -$2.2M |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $16.8M | $16.0M | $49K |
| VANGUARD LONG-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $19.6M | $14.6M | $570K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock Systematic Multi-Strategy Fund ($3.8M), Strategy Shares Gold Enhanced Yield ETF ($1.8M), NORTH SQUARE MCKEE BOND FUND ($541K), PRAXIS IMPACT BOND FUND ($500K), DFA Investment Grade Portfolio ($500K), Capital Group U.S. Multi-Sector Income ETF ($451K), Western Asset Long Credit VIT ($440K), Western Asset Corporate Bond Fund ($440K), PD 1-3 Year Corporate Bond Portfolio ($425K), Short Bond Fund ($400K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 20 | $296.6M | $246.0M | 0.06% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 17 | $158.0M | $130.7M | 0.44% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $138.9M | $129.3M | 0.26% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 22 | $123.0M | $105.0M | 0.08% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $52.6M | $49.3M | 0.22% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $46.9M | $44.8M | 0.07% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 10 | $42.7M | $42.1M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 22 | $46.6M | $40.0M | 0.23% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 3 | $30.5M | $30.0M | 0.65% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $37.9M | $27.6M | 0.30% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $27.6M | $26.2M | 0.14% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 20 | $31.7M | $26.0M | 0.06% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $22.7M | $21.8M | 0.04% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 9 | $23.0M | $21.4M | 0.18% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 3 | $21.3M | $21.0M | 0.54% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 15.91: safer than 92% of companies (87th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-07-03.
| Equity value | $402.12B |
| Debt barrier (short-term + ½ long-term debt) | $25.04B |
| Equity volatility (1 year) | 19.1% |
| Asset value / asset volatility (solved) | $426.11B / 18.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 37 bp spread prices in about 0.6% 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 = 5.68 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KO'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 | 745 | $3.94B | 1 | $69K | 3 | $3.4M | 0 |
| 2026-06-30 | 3,634 | $256.91B | 42 | $2.50B | 50 | $3.15B | 2 |
| 2026-03-31 | 3,561 | $205.30B | 51 | $2.44B | 59 | $2.63B | 2 |
| 2025-12-31 | 3,465 | $216.47B | 48 | $1.65B | 51 | $2.08B | 1 |
| 2025-09-30 | 3,278 | $202.13B | 49 | $1.60B | 51 | $1.91B | 1 |
| 2025-06-30 | 3,350 | $218.21B | 48 | $1.62B | 52 | $2.15B | 1 |
Officials trading KO bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-02-05 | William R. Keating | purchase | COCA COLA CO NOTE CALL MAKE WHOLE 5.00000% 05/13/2034 | $15,001 - $50,000 | filing |
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.