LATAM Airlines Group S.A. bonds LTM
Who owns LATAM Airlines Group 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. LTM 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 |
|---|---|---|---|---|---|---|---|---|---|
| YU2172903 | 7.875% fixed | 2030-04-15 | USD | 102.88 | 6.97% | 269 bp | 6 | $7.4M | Jul 2026 |
| 51817RAD8 | 7.875% fixed | 2030-04-15 | USD | 103.16 | 6.89% | 261 bp | 14 | $16.5M | Jul 2026 |
| 51817RAE6 | 7.625% fixed | 2031-01-07 | USD | 102.22 | 7.03% | 272 bp | 11 | $18.8M | Jul 2026 |
| YN7797445 | 7.625% fixed | 2031-01-07 | USD | 102.13 | 7.06% | 274 bp | 6 | $3.4M | 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 | 4 | $46.0M | 102.55 | 7.00% | 271 bp | 14 |
| Jun 2026 | 4 | $106.5M | 103.96 | 6.63% | 245 bp | 27 |
| May 2026 | 4 | $66.7M | 103.64 | 6.73% | 262 bp | 9 |
| Apr 2026 | 4 | $49.6M | 101.72 | 7.24% | 334 bp | 17 |
| Mar 2026 | 4 | $99.9M | 101.03 | 7.52% | 370 bp | 33 |
| Feb 2026 | 4 | $68.4M | 104.50 | 6.57% | 293 bp | 8 |
| Jan 2026 | 4 | $55.8M | 105.02 | 6.45% | 271 bp | 17 |
| Dec 2025 | 4 | $109.2M | 105.12 | 6.45% | 277 bp | 31 |
| Nov 2025 | 3 | $58.8M | 104.47 | 6.68% | 302 bp | 11 |
| Oct 2025 | 4 | $64.7M | 103.27 | 6.93% | 328 bp | 22 |
| Sep 2025 | 3 | $116.5M | 104.09 | 6.80% | 317 bp | 39 |
| Aug 2025 | 3 | $57.0M | 103.33 | 7.01% | 324 bp | 9 |
| Jul 2025 | 3 | $55.9M | 103.24 | 6.99% | 306 bp | 23 |
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. 15 added, 9 cut, 2 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $23.4M | $24.3M | $0 |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $20.4M | $21.1M | $0 |
| BlackRock Event Driven Equity Fund BlackRock Large Cap Series Funds, Inc. | 2026-05-29 | $18.0M | $18.6M | $0 |
| American Funds Emerging Markets Bond Fund | 2026-06-30 | $14.2M | $14.8M | $11.1M |
| Bond Fund of America | 2026-06-30 | $12.4M | $12.9M | $0 |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $11.8M | $12.3M | $670K |
| River Canyon Total Return Bond Fund Advisers Investment Trust | 2026-06-30 | $7.8M | $8.1M | $0 |
| Janus Henderson High-Yield Fund Janus Investment Fund | 2026-06-30 | $7.7M | $8.0M | $0 |
| T. Rowe Price U.S. High Yield Fund T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $7.2M | $7.4M | -$455K |
| Loomis Sayles Core Plus Bond Fund Natixis Funds Trust I | 2026-06-30 | $6.6M | $6.8M | $0 |
| First Eagle Global Balanced Fund First Eagle Funds | 2026-07-31 | $6.4M | $6.5M | $2.5M |
| New World Fund Inc | 2026-07-31 | $6.2M | $6.4M | $0 |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $5.0M | $5.2M | $0 |
| Harbor Core Plus Fund HARBOR FUNDS | 2026-07-31 | $4.0M | $4.1M | -$274K |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $3.9M | $4.0M | $0 |
| VanEck Emerging Markets High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $3.9M | $4.0M | -$100K |
| Western Asset Emerging Markets Debt Fund Inc. | 2026-06-30 | $3.0M | $3.1M | $0 |
| iShares J.P. Morgan EM High Yield Bond ETF iShares, Inc. | 2026-07-31 | $3.0M | $3.1M | $1.4M |
| Emerging Markets Core Fund Federated Hermes Core Trust | 2026-07-31 | $2.8M | $2.8M | $900K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $2.6M | $2.6M | $400K |
| Western Asset Management Strategic Bond Opportunities Portfolio Brighthouse Funds Trust II | 2026-06-30 | $2.3M | $2.4M | $0 |
| Victory Core Plus Intermediate Bond Fund Victory Portfolios III | 2026-07-31 | $2.3M | $2.4M | $0 |
| Goldman Sachs Dynamic Bond Fund GOLDMAN SACHS TRUST | 2026-06-30 | $2.2M | $2.3M | $0 |
| Goldman Sachs Emerging Markets Debt Fund GOLDMAN SACHS TRUST | 2026-06-30 | $2.0M | $2.1M | -$80K |
| ALLSPRING MULTI-SECTOR INCOME FUND | 2026-07-31 | $1.8M | $1.8M | $705K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): TCW Emerging Markets Income Fund ($9.9M), CTIVP - American Century Diversified Bond Fund ($2.6M), Global Bond Fund ($1.3M), Blackstone Alternative Multi-Strategy Fund ($821K), Short Duration Strategic Income Fund ($644K), Core Bond Fund ($400K), Core Plus Fund ($300K), Multisector Income Fund ($154K), Strategic Allocation: Aggressive Fund ($87K).
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 |
|---|---|---|---|---|---|
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 2 | $11.8M | $12.3M | 1.50% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 2 | $3.9M | $4.0M | 0.76% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 2 | $3.0M | $3.1M | 0.50% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $2.6M | $2.6M | 0.01% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 2 | $1.2M | $1.2M | 0.54% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 2 | $1.1M | $1.2M | 0.29% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $830K | $865K | 0.01% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $755K | $787K | 0.02% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 2 | $650K | $669K | 0.01% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 1 | $555K | $576K | 0.03% |
| AINP Allspring Income Plus ETF | 2026-06-30 | 1 | $520K | $539K | 0.25% |
| JIII Janus Henderson Income ETF | 2026-07-31 | 1 | $473K | $483K | 0.26% |
| EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2026-05-31 | 1 | $275K | $285K | 0.29% |
| AGGS Harbor Disciplined Bond ETF | 2026-07-31 | 1 | $117K | $120K | 0.31% |
| EUSB iShares ESG Advanced Universal USD Bond ETF | 2026-05-31 | 1 | $110K | $114K | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.27: safer than 51% of companies (51th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $13.62B |
| Debt barrier (short-term + ½ long-term debt) | $2.12B |
| Equity volatility (1 year) | 43.0% |
| Asset value / asset volatility (solved) | $15.66B / 37.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 271 bp spread prices in about 4.5% 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'' = 0.52 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LTM'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 | 12 | $159.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 158 | $1.42B | 7 | $15.7M | 8 | $14.6M | 0 |
| 2026-03-31 | 156 | $1.48B | 8 | $16.6M | 7 | $10.0M | 0 |
| 2025-12-31 | 126 | $1.54B | 5 | $35.5M | 4 | $5.9M | 0 |
| 2025-09-30 | 114 | $1.51B | 1 | $1.8M | 4 | $5.9M | 0 |
| 2025-06-30 | 87 | $2.40B | 1 | $0 | 2 | $394K | 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.