Koninklijke KPN N.V. bonds KPN.AS
Who owns Koninklijke KPN 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. KPN.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 |
|---|---|---|---|---|---|---|---|---|---|
| N4297BKB9 | 6% fixed | 2027-09-21 | EUR | 102.65 | 3.58% | — | 1 | $296K | Jul 2026 |
| N4297BLC6 | 4.88% fixed | 2029-06-18 | EUR | 101.65 | 4.26% | — | 4 | $2.7M | Jul 2026 |
| EH9679034 | 5.75% fixed | 2029-09-17 | GBP | 102.28 | 4.95% | — | 4 | $9.8M | Jul 2026 |
| 780641AH9 | 8.375% fixed | 2030-10-01 | USD | 112.68 | 4.97% | 67 bp | 8 | $22.2M | Jul 2026 |
| N4297BKR4 | 3.875% fixed | 2031-07-03 | EUR | 100.79 | 3.70% | — | 2 | $5.8M | Jul 2026 |
| N4297BHJ6 | 0.875% fixed | 2032-12-14 | EUR | 83.68 | 3.81% | — | 5 | $23.2M | Jul 2026 |
| XS2406890066 | 0.875% fixed | 2033-11-15 | EUR | 80.98 | 3.92% | — | 2 | $2.2M | Jul 2026 |
| N4297BLX0 | 3.5% fixed | 2034-05-12 | EUR | 96.56 | 4.02% | — | 1 | $223K | Jul 2026 |
| N4297BLL6 | 3.375% fixed | 2035-02-17 | EUR | 94.65 | 4.13% | — | 1 | $218K | Jul 2026 |
| ZF8930983 | 3.875% fixed | 2036-02-16 | EUR | 97.42 | 4.21% | — | 6 | $31.4M | 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 | 10 | $98.1M | 99.11 | 4.97% | 67 bp | 8 |
| Jun 2026 | 9 | $52.8M | 100.51 | 4.73% | 55 bp | 14 |
| May 2026 | 6 | $38.3M | 101.29 | 4.70% | 58 bp | 14 |
| Apr 2026 | 10 | $101.5M | 100.35 | 4.61% | 71 bp | 8 |
| Mar 2026 | 9 | $52.8M | 98.35 | 4.63% | 81 bp | 14 |
| Feb 2026 | 5 | $41.0M | 103.79 | 4.19% | 54 bp | 15 |
| Jan 2026 | 10 | $102.7M | 102.31 | 4.44% | 69 bp | 9 |
| Dec 2025 | 8 | $34.4M | 101.63 | 4.44% | 76 bp | 11 |
| Nov 2025 | 6 | $41.0M | 101.99 | 4.34% | 68 bp | 14 |
| Oct 2025 | 9 | $85.5M | 101.99 | 4.47% | 83 bp | 9 |
| Sep 2025 | 6 | $37.9M | 102.52 | 4.48% | 82 bp | 11 |
| Aug 2025 | 6 | $44.0M | 101.98 | 4.52% | 72 bp | 15 |
| Jul 2025 | 9 | $74.8M | 101.41 | 4.86% | 89 bp | 8 |
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. 14 added, 7 cut, 6 new holders and 1 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 | $33.1M | $35.8M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $26.5M | $29.1M | $0 |
| DNP Select Income Fund Inc | 2026-07-31 | $15.0M | $16.9M | $0 |
| T. Rowe Price International Bond Fund (USD Hedged) T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $14.0M | $16.1M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.8M | $8.8M | $25K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $5.4M | $6.2M | -$1.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $5.0M | $5.7M | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $3.8M | $4.5M | $0 |
| iShares ESG Aware 1-5 Year USD Corporate Bond ETF iShares Trust | 2026-05-31 | $3.7M | $4.3M | $105K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $3.7M | $4.2M | $155K |
| Saturna Global Sustainable Bond Fund SATURNA INVESTMENT TRUST | 2026-05-31 | $3.5M | $4.1M | $950K |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $3.4M | $3.8M | $0 |
| Allspring Core Plus Bond Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $2.9M | $3.5M | -$1.7M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.0M | $3.4M | $45K |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $3.0M | $3.4M | $202K |
| iShares ESG Aware USD Corporate Bond ETF iShares Trust | 2026-05-31 | $2.8M | $3.2M | $5K |
| JPMorgan International Bond Opportunities ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $2.1M | $2.5M | $0 |
| Fidelity SAI International Credit Fund Fidelity Salem Street Trust | 2026-06-30 | $1.9M | $2.2M | $0 |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $1.8M | $2.2M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $1.8M | $2.1M | $0 |
| iShares ESG Aware U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $1.7M | $1.9M | $0 |
| American Beacon TwentyFour Strategic Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $1.9M | $1.8M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $1.5M | $1.6M | -$100K |
| Dimensional Global Credit ETF Dimensional ETF Trust | 2026-07-31 | $1.3M | $1.5M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $1.2M | $1.4M | -$83K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Dimensional International Core Fixed Income ETF ($1.4M).
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 | 4 | $26.5M | $29.1M | 0.02% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $7.8M | $8.8M | 0.00% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $5.4M | $6.2M | 0.01% |
| SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 2026-05-31 | 1 | $3.7M | $4.3M | 0.35% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $3.7M | $4.2M | 0.01% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 1 | $3.4M | $3.8M | 0.11% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $3.0M | $3.4M | 0.02% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $3.0M | $3.4M | 0.10% |
| SUSC iShares ESG Aware USD Corporate Bond ETF | 2026-05-31 | 1 | $2.8M | $3.2M | 0.22% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 1 | $2.1M | $2.5M | 0.12% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 1 | $1.8M | $2.1M | 0.00% |
| EAGG iShares ESG Aware U.S. Aggregate Bond ETF | 2026-05-31 | 1 | $1.7M | $1.9M | 0.04% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 6 | $1.5M | $1.6M | 0.01% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 2 | $1.3M | $1.5M | 0.14% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.2M | $1.4M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.21: safer than 40% of companies (41th percentile in Communication Services). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $16.41B |
| Debt barrier (short-term + ½ long-term debt) | $3.79B |
| Equity volatility (1 year) | 47.4% |
| Asset value / asset volatility (solved) | $20.04B / 38.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 67 bp spread prices in about 1.1% 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'' = -0.47 (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 9.5y +91 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in KPN.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 | $167K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 8 | $1.2M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 8 | $6.6M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 7 | $955K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 6 | $771K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 10 | $859K | 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.