Stora Enso Oyj bonds STERV.HE
Who owns Stora Enso Oyj'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. STERV.HE 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 |
|---|---|---|---|---|---|---|---|---|---|
| XS1624344542 | 2.5% fixed | 2027-06-07 | EUR | 99.39 | 3.07% | — | 2 | $5.2M | Apr 2026 |
| ACI11H9Q8 | 2.5% fixed | 2028-03-21 | EUR | 98.65 | 3.36% | — | 3 | $6.0M | Jul 2026 |
| XS3306627780 | 5.625% variable | 2029-03-17 | EUR | 101.29 | — | — | 6 | $15.1M | Jul 2026 |
| XS2629064267 | 4.25% fixed | 2029-09-01 | EUR | 101.89 | 3.59% | — | 9 | $26.0M | Jul 2026 |
| X8T9CMMK8 | 5.875% variable | 2031-07-17 | EUR | 101.14 | — | — | 4 | $3.3M | Jul 2026 |
| X8662DAW7 | 7.25% fixed | 2036-04-15 | USD | 107.11 | 6.27% | 180 bp | 1 | $321K | May 2026 |
| 86210MAC0 | 7.25% fixed | 2036-04-15 | USD | 109.27 | 5.98% | 139 bp | 4 | $2.0M | 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 | 5 | $52.4M | 101.29 | 5.98% | 139 bp | 9 |
| Jun 2026 | 2 | $10.4M | 102.04 | — | — | 14 |
| May 2026 | 3 | $4.5M | 107.11 | 6.27% | 180 bp | 3 |
| Apr 2026 | 6 | $54.1M | 100.81 | 6.23% | 191 bp | 10 |
| Feb 2026 | 2 | $1.8M | 111.02 | 5.79% | 166 bp | 4 |
| Jan 2026 | 4 | $47.1M | 101.82 | 5.91% | 169 bp | 10 |
| Nov 2025 | 2 | $1.8M | 112.34 | 5.66% | 155 bp | 4 |
| Oct 2025 | 5 | $56.6M | 100.89 | 5.70% | 161 bp | 10 |
| Sep 2025 | 1 | $341K | 110.48 | 5.90% | 175 bp | 1 |
| Aug 2025 | 2 | $1.7M | 107.02 | 6.33% | 203 bp | 4 |
| Jul 2025 | 4 | $39.2M | 101.90 | 6.26% | 183 bp | 10 |
| Jun 2025 | 1 | $326K | 105.56 | 6.52% | 210 bp | 1 |
| May 2025 | 2 | $1.7M | 104.68 | 6.64% | 217 bp | 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. 2 added, 6 cut, 19 new holders and 3 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 | $11.5M | $13.4M | -$2.2M |
| Invesco International Bond Fund AIM Investment Funds (Invesco Investment Funds) | 2026-07-31 | $10.0M | $11.7M | new |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $8.6M | $10.0M | -$2.3M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $3.4M | $3.9M | new |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $2.9M | $3.3M | -$500K |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $2.6M | $3.0M | -$1.1M |
| Strategic Advisers Fidelity Short Duration Fund Fidelity Rutland Square Trust II | 2026-05-31 | $2.5M | $2.9M | new |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $2.4M | $2.8M | new |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.9M | $2.3M | $0 |
| BlackRock Global Allocation Fund, Inc. | 2026-07-31 | $1.6M | $1.8M | $0 |
| DFA Intermediate-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.3M | $1.5M | -$3.9M |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $780K | $917K | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $775K | $904K | new |
| Saturna Global Sustainable Bond Fund SATURNA INVESTMENT TRUST | 2026-05-31 | $800K | $857K | $0 |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $672K | $749K | $0 |
| iShares Euro High Yield Corporate Bond USD Hedged ETF iShares, Inc. | 2026-07-31 | $600K | $699K | $200K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $640K | $686K | $30K |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $550K | $641K | $0 |
| Dimensional Global Credit ETF Dimensional ETF Trust | 2026-07-31 | $485K | $530K | -$100K |
| Dimensional Global Sustainability Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $464K | $507K | $0 |
| BlackRock Global Allocation V.I. Fund BlackRock Variable Series Funds, Inc. | 2026-06-30 | $425K | $496K | new |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $400K | $463K | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $390K | $425K | $0 |
| BlackRock Total Return Fund BlackRock Bond Fund, Inc. | 2026-06-30 | $275K | $321K | new |
| JNL/BlackRock Global Allocation Fund JNL Series Trust | 2026-06-30 | $275K | $320K | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock Credit Relative Value Fund ($786K), iShares 10+ Year Investment Grade Corporate Bond ETF ($215K), iShares Core 10+ Year USD Bond ETF ($35K).
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 | 2 | $8.6M | $10.0M | 0.01% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $672K | $749K | 0.02% |
| EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2026-07-31 | 2 | $600K | $699K | 0.29% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $640K | $686K | 0.00% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 1 | $485K | $530K | 0.05% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 1 | $464K | $507K | 0.07% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 2 | $400K | $463K | 0.00% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $390K | $425K | 0.00% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $220K | $258K | 0.00% |
| IHY VanEck International High Yield Bond ETF | 2026-06-30 | 1 | $100K | $117K | 0.27% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $100K | $107K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.97: safer than 14% of companies (12th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $9.46B |
| Debt barrier (short-term + ½ long-term debt) | $2.68B |
| Equity volatility (1 year) | 84.6% |
| Asset value / asset volatility (solved) | $12.02B / 66.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 139 bp spread prices in about 2.3% 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'' = 3.38 (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 3.1y +69 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in STERV.HE'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 | 2 | $946K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 6 | $1.1M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 7 | $1.3M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 7 | $1.4M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 7 | $1.2M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 7 | $1.2M | 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.