Pembina Pipeline Corporation bonds PBA
Who owns Pembina Pipeline Corporation'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. PBA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 70632ZAF8 | 4.24% fixed | 2027-06-15 | CAD | 54.63 | 68.09% | — | 2 | $4.5M | Apr 2026 |
| 70632ZAK7 | 4.02% fixed | 2028-03-27 | CAD | 100.70 | 3.58% | — | 1 | $108K | Jul 2026 |
| 70632ZAM3 | 3.62% fixed | 2029-04-03 | CAD | 99.72 | 3.73% | — | 3 | $12.3M | Jul 2026 |
| 70632ZAQ4 | 3.31% fixed | 2030-02-01 | CAD | 98.43 | 3.79% | — | 2 | $4.7M | Jul 2026 |
| 70632ZAS0 | 3.53% fixed | 2031-12-10 | CAD | 97.43 | 4.07% | — | 1 | $417K | Jul 2026 |
| 70632ZAY7 | 5.22% fixed | 2033-06-28 | CAD | 104.40 | 4.47% | — | 2 | $8.9M | Jul 2026 |
| 70632ZAW1 | 5.21% fixed | 2034-01-12 | CAD | 104.12 | 4.55% | — | 3 | $15.8M | Jul 2026 |
| 70632ZAC5 | 4.75% fixed | 2043-04-30 | CAD | 91.80 | 5.50% | — | 2 | $2.3M | Jul 2026 |
| 70632ZAD3 | 4.81% fixed | 2044-03-25 | CAD | 91.86 | 5.54% | — | 4 | $5.6M | Jul 2026 |
| 70632ZAJ0 | 4.74% fixed | 2047-01-21 | CAD | 89.80 | 5.58% | — | 3 | $3.0M | Jul 2026 |
| 70632ZAL5 | 4.75% fixed | 2048-03-26 | CAD | 89.32 | 5.61% | — | 4 | $12.4M | Jul 2026 |
| 70632ZAN1 | 4.54% fixed | 2049-04-03 | CAD | 86.22 | 5.62% | — | 2 | $2.1M | Jul 2026 |
| 70632ZAR2 | 4.67% fixed | 2050-05-28 | CAD | 87.39 | 5.64% | — | 3 | $2.2M | Jul 2026 |
| 70632ZAT8 | 4.49% fixed | 2051-12-10 | CAD | 84.53 | 5.64% | — | 3 | $5.2M | Jul 2026 |
| 70632ZAX9 | 5.67% fixed | 2054-01-12 | CAD | 100.47 | 5.64% | — | 1 | $179K | Jul 2026 |
| 706327AM5 | 4.8% fixed | 2081-01-25 | CAD | 99.98 | 4.80% | — | 2 | $221K | Jun 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 14 | $75.3M | 94.65 | — | — | 4 |
| Jun 2026 | 4 | $1.7M | 124.64 | — | — | 2 |
| May 2026 | 2 | $759K | 100.95 | — | — | 2 |
| Apr 2026 | 15 | $66.3M | 53.03 | — | — | 4 |
| Mar 2026 | 4 | $1.1M | 96.47 | — | — | 2 |
| Feb 2026 | 2 | $1.5M | 102.39 | — | — | 2 |
| Jan 2026 | 15 | $63.0M | 53.41 | — | — | 4 |
| Dec 2025 | 5 | $1.5M | 99.74 | — | — | 2 |
| Nov 2025 | 2 | $1.6M | 102.04 | — | — | 2 |
| Oct 2025 | 16 | $69.2M | 50.42 | — | — | 4 |
| Sep 2025 | 3 | $974K | 95.60 | — | — | 2 |
| Aug 2025 | 2 | $1.5M | 98.64 | — | — | 2 |
| Jul 2025 | 17 | $63.1M | 51.13 | — | — | 4 |
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. 5 added, 3 cut, 1 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 | $54.8M | $37.0M | $9.6M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $51.8M | $35.9M | $9.1M |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $2.9M | $2.0M | -$750K |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $1.2M | $822K | $600K |
| MFS Global Opportunistic Bond Fund MFS Series Trust X | 2026-05-31 | $789K | $549K | -$1.1M |
| Global Bond Fund GuideStone Funds | 2026-06-30 | $614K | $423K | $288K |
| ABERDEEN MULTI-MARKET INCOME FUND | 2026-07-31 | $449K | $295K | $54K |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $402K | $265K | $0 |
| Avantis Credit ETF American Century ETF Trust | 2026-05-31 | $225K | $173K | new |
| MFS Global Tactical Allocation Portfolio MFS VARIABLE INSURANCE TRUST II | 2026-06-30 | $225K | $151K | $0 |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $100K | $64K | $0 |
| MFS CHARTER INCOME TRUST | 2026-05-31 | $54K | $38K | -$80K |
| VanEck International High Yield Bond ETF VanEck ETF Trust | 2026-06-30 | $25K | $18K | $0 |
| MFS Global Total Return Fund MFS Series Trust VI | 2026-07-31 | $0 | $0 | -$474K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS Global Total Return Fund ($474K).
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 | 8 | $51.8M | $35.9M | 0.03% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 13 | $2.9M | $2.0M | 0.02% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 2 | $1.2M | $822K | 0.02% |
| AVGB Avantis Credit ETF | 2026-05-31 | 1 | $225K | $173K | 0.84% |
| IHY VanEck International High Yield Bond ETF | 2026-06-30 | 1 | $25K | $18K | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 11.34: safer than 85% of companies (90th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $29.02B |
| Debt barrier (short-term + ½ long-term debt) | $5.17B |
| Equity volatility (1 year) | 19.7% |
| Asset value / asset volatility (solved) | $33.97B / 16.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 1.06 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PBA'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 | 51 | $535.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 427 | $14.26B | 9 | $195.8M | 14 | $197.7M | 0 |
| 2026-03-31 | 418 | $11.64B | 10 | $199.3M | 14 | $200.5M | 0 |
| 2025-12-31 | 388 | $11.86B | 9 | $323.0M | 11 | $123.5M | 0 |
| 2025-09-30 | 396 | $12.88B | 10 | $333.1M | 13 | $130.2M | 0 |
| 2025-06-30 | 400 | $12.69B | 9 | $252.0M | 11 | $94.8M | 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.