Telenor ASA bonds TEL.OL
Who owns Telenor ASA'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. TEL.OL 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 |
|---|---|---|---|---|---|---|---|---|---|
| R89923JW8 | 0.25% fixed | 2028-02-14 | EUR | 95.76 | 3.11% | — | 1 | $718K | Jul 2026 |
| ZS8244445 | 1.125% fixed | 2029-05-31 | EUR | 94.32 | 3.26% | — | 3 | $15.1M | Jul 2026 |
| XS2696803696 | 4% fixed | 2030-10-03 | EUR | 101.98 | 3.48% | — | 1 | $1.1M | Jul 2026 |
| R89923JT5 | 0.625% fixed | 2031-09-25 | EUR | 86.17 | 3.61% | — | 2 | $5.0M | Jul 2026 |
| R89923KF3 | 3.375% fixed | 2032-04-01 | EUR | 98.35 | 3.70% | — | 2 | $17.0M | Jul 2026 |
| XS2117454871 | 0.88% fixed | 2035-02-14 | EUR | 77.93 | 3.98% | — | 3 | $9.3M | Jul 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 | 6 | $48.1M | 95.04 | — | — | 3 |
| Jun 2026 | 2 | $10.7M | 97.52 | — | — | 1 |
| Apr 2026 | 5 | $31.8M | 93.93 | — | — | 3 |
| Mar 2026 | 2 | $10.4M | 96.21 | — | — | 1 |
| Jan 2026 | 5 | $32.2M | 94.87 | — | — | 3 |
| Dec 2025 | 2 | $10.7M | 97.47 | — | — | 1 |
| Oct 2025 | 6 | $33.0M | 95.17 | — | — | 3 |
| Sep 2025 | 4 | $12.9M | 96.85 | — | — | 2 |
| Jul 2025 | 6 | $32.4M | 94.59 | — | — | 3 |
| Jun 2025 | 3 | $10.5M | 98.67 | — | — | 1 |
| Apr 2025 | 6 | $48.6M | 94.13 | — | — | 3 |
| Mar 2025 | 4 | $10.9M | 95.67 | — | — | 1 |
| Jan 2025 | 6 | $44.2M | 92.96 | — | — | 3 |
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. 3 added, 1 cut, 0 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $21.8M | $22.9M | $7.5M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $21.6M | $22.7M | $7.5M |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $8.6M | $9.8M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $1.8M | $2.0M | -$200K |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $807K | $875K | $250K |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $400K | $435K | $0 |
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.
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.37: safer than 42% of companies (42th percentile in Communication Services). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $18.57B |
| Debt barrier (short-term + ½ long-term debt) | $3.89B |
| Equity volatility (1 year) | 47.0% |
| Asset value / asset volatility (solved) | $22.30B / 39.1% |
| 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'' = 3.00 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TEL.OL'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 | 1 | $151K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 6 | $604K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 7 | $911K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 6 | $885K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 7 | $1.1M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 8 | $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.