Telecom Argentina S.A. bonds TEO
Who owns Telecom Argentina S.A.'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. TEO 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 |
|---|---|---|---|---|---|---|---|---|---|
| YW3633396 | 9.5% fixed | 2031-07-18 | USD | 108.17 | 7.50% | 317 bp | 1 | $432K | Jul 2026 |
| P9028NBT7 | 9.5% fixed | 2031-07-18 | USD | 108.22 | 7.49% | 316 bp | 8 | $6.3M | Jul 2026 |
| 879273AU4 | 9.5% fixed | 2031-07-18 | USD | 108.40 | 7.44% | 312 bp | 7 | $3.6M | Jul 2026 |
| YO6831722 | 9.25% fixed | 2033-05-28 | USD | 107.14 | 7.89% | 356 bp | 1 | $1.0M | Jun 2026 |
| 879273AV2 | 9.25% fixed | 2033-05-28 | USD | 107.26 | 7.85% | 340 bp | 19 | $12.7M | Jul 2026 |
| P9028NCA7 | 9.25% fixed | 2033-05-28 | USD | 107.20 | 7.86% | 342 bp | 8 | $9.3M | Jul 2026 |
| P9028NCE9 | 8.5% fixed | 2036-01-20 | USD | 104.29 | 7.85% | 327 bp | 7 | $2.2M | Jul 2026 |
| 879273AW0 | 8.5% fixed | 2036-01-20 | USD | 104.33 | 7.84% | 327 bp | 11 | $12.8M | 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 | 7 | $47.4M | 107.26 | 7.84% | 327 bp | 19 |
| Jun 2026 | 7 | $77.1M | 106.84 | 7.82% | 337 bp | 26 |
| May 2026 | 5 | $6.1M | 106.52 | 8.01% | 365 bp | 5 |
| Apr 2026 | 7 | $53.5M | 106.22 | 8.00% | 386 bp | 22 |
| Mar 2026 | 6 | $70.2M | 103.55 | 8.56% | 435 bp | 26 |
| Feb 2026 | 5 | $1.7M | 105.76 | 8.09% | 425 bp | 3 |
| Jan 2026 | 6 | $61.9M | 106.13 | 8.09% | 415 bp | 20 |
| Dec 2025 | 5 | $40.9M | 104.58 | 8.35% | 449 bp | 27 |
| Nov 2025 | 4 | $2.4M | 103.68 | 8.60% | 478 bp | 4 |
| Oct 2025 | 5 | $24.5M | 103.52 | 8.70% | 499 bp | 19 |
| Sep 2025 | 5 | $35.3M | 99.75 | 9.54% | 563 bp | 27 |
| Aug 2025 | 3 | $1.5M | 104.00 | 8.61% | 470 bp | 4 |
| Jul 2025 | 5 | $28.4M | 105.10 | 8.39% | 435 bp | 20 |
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. 20 added, 15 cut, 9 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| DoubleLine Income Solutions Fund | 2026-06-30 | $15.0M | $15.7M | $0 |
| T. Rowe Price Dynamic Credit Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $9.8M | $10.2M | $4.0M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $8.8M | $9.4M | -$3.4M |
| Western Asset Emerging Markets Debt Fund Inc. | 2026-06-30 | $6.2M | $6.6M | $0 |
| American Beacon Developing World Income Fund AMERICAN BEACON FUNDS | 2026-07-31 | $4.6M | $4.8M | $0 |
| CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND City National Rochdale Funds | 2026-06-30 | $4.5M | $4.8M | $0 |
| T. Rowe Price Global High Income Bond Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $4.4M | $4.7M | $925K |
| VanEck Emerging Markets High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $4.0M | $4.2M | -$200K |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $3.8M | $4.0M | -$6.9M |
| T. Rowe Price Emerging Markets Corporate Bond Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $3.7M | $3.9M | $960K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $3.4M | $3.6M | $800K |
| Blackstone Alternative Multi-Strategy Fund Blackstone Alternative Investment Funds | 2026-06-30 | $3.0M | $3.3M | $0 |
| DoubleLine Yield Opportunities Fund | 2026-06-30 | $3.0M | $3.1M | $0 |
| Emerging Markets Core Fund Federated Hermes Core Trust | 2026-07-31 | $2.6M | $2.8M | $0 |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $2.6M | $2.8M | -$368K |
| Finisterre Emerging Markets Total Return Bond Fund Principal Funds, Inc | 2026-07-31 | $2.5M | $2.8M | $825K |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $2.5M | $2.7M | new |
| Western Asset High Income Fund II Inc. | 2026-07-31 | $2.0M | $2.2M | $0 |
| Fidelity Emerging Markets Debt Central Fund Fidelity Hanover Street Trust | 2026-06-30 | $1.8M | $1.9M | $770K |
| iShares J.P. Morgan EM Corporate Bond ETF iShares, Inc. | 2026-07-31 | $1.8M | $1.9M | -$50K |
| ABERDEEN MULTI-MARKET INCOME FUND | 2026-07-31 | $1.8M | $1.9M | new |
| Loomis Sayles Global Allocation Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $1.7M | $1.8M | $0 |
| Goldman Sachs Income Builder Fund GOLDMAN SACHS TRUST | 2026-07-31 | $1.5M | $1.6M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $1.5M | $1.6M | $0 |
| Fidelity Series Emerging Markets Debt Fund Fidelity Hastings Street Trust | 2026-06-30 | $1.2M | $1.3M | $535K |
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 |
|---|---|---|---|---|---|
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 3 | $4.0M | $4.2M | 0.81% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $3.4M | $3.6M | 0.01% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 3 | $1.8M | $1.9M | 0.47% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 3 | $1.2M | $1.3M | 0.59% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 3 | $1.1M | $1.1M | 0.18% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $775K | $809K | 0.08% |
| VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 2026-07-31 | 2 | $748K | $805K | 1.62% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $400K | $428K | 0.00% |
| EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2026-05-31 | 1 | $200K | $205K | 0.21% |
| IHY VanEck International High Yield Bond ETF | 2026-06-30 | 2 | $125K | $135K | 0.31% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 1 | $100K | $107K | 0.01% |
| IMTB iShares Core 5-10 Year USD Bond ETF | 2026-05-31 | 2 | $50K | $53K | 0.02% |
| BNDP VANGUARD CORE-PLUS BOND INDEX ETF | 2026-06-30 | 3 | $28K | $29K | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.90: safer than 24% of companies (27th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.63B |
| Debt barrier (short-term + ½ long-term debt) | $2.20B |
| Equity volatility (1 year) | 57.5% |
| Asset value / asset volatility (solved) | $7.74B / 41.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 327 bp spread prices in about 5.5% 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'' = 0.98 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TEO'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 | 7 | $12.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 66 | $189.6M | 2 | $74K | 3 | $380K | 0 |
| 2026-03-31 | 61 | $170.2M | 2 | $172K | 1 | $6K | 0 |
| 2025-12-31 | 57 | $113.5M | 2 | $229K | 2 | $233K | 0 |
| 2025-09-30 | 41 | $69.1M | 3 | $272K | 1 | $89K | 0 |
| 2025-06-30 | 41 | $74.7M | 3 | $353K | 2 | $116K | 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.