Transocean Ltd. bonds RIG
Who owns Transocean Ltd.'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. RIG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 893790AA3 | 8% fixed | 2028-09-30 | USD | 102.10 | 6.93% | 270 bp | 15 | $18.9M | Jul 2026 |
| 893830BY4 | 8.25% fixed | 2029-05-15 | USD | 103.08 | 7.01% | 276 bp | 56 | $148.2M | Jul 2026 |
| 893830BW8 convertible | 4.625% fixed | 2029-09-30 | USD | 167.58 | — | — | 4 | $16.1M | Jul 2026 |
| 893830BU2 | 4.63% fixed | 2029-09-30 | USD | 167.73 | — | — | 1 | $3.8M | Jul 2026 |
| 893830BX6 | 8.75% fixed | 2030-02-15 | USD | 103.82 | 7.50% | 322 bp | 64 | $178.7M | Jul 2026 |
| 893830AF6 | 7.5% fixed | 2031-04-15 | USD | 100.33 | 7.41% | 309 bp | 17 | $53.1M | Jul 2026 |
| 893830BZ1 | 8.5% fixed | 2031-05-15 | USD | 104.30 | 7.41% | 309 bp | 52 | $169.2M | Jul 2026 |
| 893814AA1 | 7.875% fixed | 2032-10-15 | USD | 104.18 | 7.03% | 262 bp | 61 | $56.0M | Jul 2026 |
| 893830AT6 | 6.8% fixed | 2038-03-15 | USD | 93.63 | 7.63% | 295 bp | 15 | $68.8M | Jul 2026 |
| 893830AZ2 | 9.35% fixed | 2041-12-15 | USD | 108.75 | 8.33% | 355 bp | 1 | $2.2M | May 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $4.6M | 94.94 | 7.46% | 270 bp | 1 |
| Jul 2026 | 9 | $712.8M | 103.82 | 7.41% | 295 bp | 64 |
| Jun 2026 | 8 | $763.3M | 103.56 | 7.24% | 304 bp | 124 |
| May 2026 | 9 | $505.0M | 104.64 | 7.01% | 283 bp | 49 |
| Apr 2026 | 9 | $694.4M | 104.73 | 6.82% | 298 bp | 68 |
| Mar 2026 | 9 | $786.5M | 103.32 | 7.09% | 322 bp | 122 |
| Feb 2026 | 10 | $562.1M | 104.26 | 7.15% | 341 bp | 52 |
| Jan 2026 | 10 | $756.7M | 102.36 | 7.55% | 380 bp | 72 |
| Dec 2025 | 8 | $892.9M | 101.46 | 7.72% | 411 bp | 125 |
| Nov 2025 | 10 | $500.0M | 102.03 | 7.77% | 395 bp | 51 |
| Oct 2025 | 11 | $759.5M | 102.69 | 7.35% | 363 bp | 68 |
| Sep 2025 | 12 | $922.0M | 99.95 | 8.06% | 443 bp | 120 |
| Aug 2025 | 11 | $465.4M | 99.81 | 8.72% | 486 bp | 46 |
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. 93 added, 122 cut, 10 new holders and 22 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $123.7M | $129.2M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $97.8M | $101.6M | $8.6M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $77.5M | $79.0M | $4.8M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $67.0M | $73.8M | $23.4M |
| Lord Abbett Credit Opportunities Fund | 2026-06-30 | $70.9M | $67.6M | $4.0M |
| American High Income Trust | 2026-06-30 | $58.4M | $59.7M | -$800K |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $58.7M | $58.3M | -$29.8M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $51.6M | $53.6M | -$2.2M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $51.4M | $53.4M | $4.0M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $46.9M | $48.5M | $0 |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $50.1M | $48.3M | $1.7M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $39.5M | $41.5M | -$9.1M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $36.0M | $37.6M | -$5.4M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $34.9M | $36.2M | -$612K |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $32.6M | $33.1M | -$9.9M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $34.2M | $32.9M | -$3.7M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $32.1M | $32.8M | $541K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $29.7M | $30.9M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $29.7M | $30.9M | $0 |
| Income Fund of America | 2026-07-31 | $27.1M | $28.2M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $24.7M | $25.6M | -$325K |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $25.7M | $25.5M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $22.9M | $25.0M | $1.6M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $23.3M | $24.2M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $20.8M | $21.5M | $6.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): High Yield Fund ($6.8M), Invesco Short Term Bond Fund ($2.6M), BlackRock Global Allocation Fund, Inc. ($1.5M), Nuveen Global High Income Fund ($1.0M), Harbor Ares Systematic High Yield ETF ($800K), First Trust Smith Unconstrained Bond ETF ($482K), The Hartford World Bond Fund ($425K), Nuveen Multi-Asset Income Fund ($380K), BNY Mellon High Yield Fund ($342K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($338K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 7 | $77.5M | $79.0M | 0.28% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 2 | $50.1M | $48.3M | 1.58% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $39.5M | $41.5M | 0.26% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 2 | $34.2M | $32.9M | 2.04% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 5 | $32.1M | $32.8M | 0.29% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 4 | $24.7M | $25.6M | 0.35% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $20.8M | $21.5M | 0.28% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 4 | $12.6M | $13.1M | 0.25% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 5 | $11.1M | $11.1M | 0.94% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $10.2M | $10.5M | 0.22% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 4 | $8.7M | $9.1M | 0.70% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $5.1M | $8.5M | 0.12% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 3 | $8.0M | $8.2M | 0.49% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $7.7M | $8.0M | 0.36% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $7.0M | $7.4M | 0.21% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.30: safer than 29% of companies (37th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.59B |
| Debt barrier (short-term + ½ long-term debt) | $2.76B |
| Equity volatility (1 year) | 50.4% |
| Asset value / asset volatility (solved) | $9.23B / 35.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 295 bp spread prices in about 4.9% 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'' = -0.42 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in RIG'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 | 52 | $50.7M | 0 | — | 1 | $21K | 0 |
| 2026-06-30 | 525 | $4.87B | 27 | $208.2M | 27 | $216.6M | 0 |
| 2026-03-31 | 524 | $5.18B | 27 | $269.9M | 27 | $294.1M | 0 |
| 2025-12-31 | 459 | $3.11B | 21 | $127.1M | 24 | $121.7M | 0 |
| 2025-09-30 | 441 | $2.28B | 20 | $86.5M | 24 | $57.7M | 0 |
| 2025-06-30 | 410 | $1.49B | 19 | $39.3M | 19 | $32.3M | 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.