SFL Corporation Ltd bonds SFL
Who owns SFL Corporation 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. SFL 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 |
|---|---|---|---|---|---|---|---|---|---|
| G7738WAB2 | 8.88% fixed | 2027-02-01 | USD | 100.54 | 7.76% | 392 bp | 1 | $5.3M | Jul 2026 |
| G7738WAC0 | 8.25% fixed | 2028-04-19 | USD | 102.68 | 6.56% | 239 bp | 1 | $6.4M | Jul 2026 |
| G8081JAA4 | 7.75% fixed | 2030-01-29 | USD | 102.74 | 6.86% | 258 bp | 1 | $14.8M | Jul 2026 |
| YS5254596 | 7.75% fixed | 2030-01-29 | USD | 103.44 | 6.65% | 248 bp | 1 | $414K | Jun 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 | 3 | $26.5M | 102.68 | 6.71% | 249 bp | 1 |
| Jun 2026 | 1 | $414K | 103.44 | 6.65% | 248 bp | 1 |
| Apr 2026 | 4 | $51.8M | 101.91 | 6.87% | 304 bp | 1 |
| Mar 2026 | 1 | $408K | 102.06 | 7.12% | 334 bp | 1 |
| Jan 2026 | 4 | $51.5M | 101.79 | 7.03% | 348 bp | 1 |
| Dec 2025 | 1 | $407K | 101.75 | 7.24% | 361 bp | 1 |
| Oct 2025 | 4 | $51.5M | 101.83 | 7.05% | 353 bp | 1 |
| Sep 2025 | 1 | $410K | 102.38 | 7.10% | 348 bp | 1 |
| Jul 2025 | 4 | $51.1M | 100.72 | 7.79% | 385 bp | 1 |
| Jun 2025 | 1 | $401K | 100.22 | 7.69% | 375 bp | 1 |
| Apr 2025 | 4 | $50.3M | 99.62 | 8.47% | 456 bp | 1 |
| Mar 2025 | 1 | $398K | 99.38 | 7.90% | 387 bp | 1 |
| Jan 2025 | 4 | $51.1M | 101.50 | 7.21% | 297 bp | 1 |
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. 0 added, 1 cut, 0 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $25.9M | $26.5M | -$24.8M |
| CrossingBridge Nordic High Income Bond Fund Trust for Professional Managers | 2026-06-30 | $400K | $414K | $0 |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.78: safer than 46% of companies (45th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.66B |
| Debt barrier (short-term + ½ long-term debt) | $1.48B |
| Equity volatility (1 year) | 29.6% |
| Asset value / asset volatility (solved) | $3.08B / 16.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 249 bp spread prices in about 4.1% 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'' = 0.11 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SFL'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 | 25 | $4.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 219 | $575.7M | 6 | $831K | 6 | $4.1M | 0 |
| 2026-03-31 | 207 | $521.6M | 7 | $2.5M | 4 | $6.1M | 0 |
| 2025-12-31 | 202 | $354.7M | 6 | $2.0M | 3 | $940K | 0 |
| 2025-09-30 | 191 | $326.4M | 6 | $2.0M | 5 | $2.0M | 0 |
| 2025-06-30 | 191 | $365.2M | 5 | $1.5M | 4 | $1.6M | 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.