VÃ¥r Energi AS bonds VAR.OL
Who owns VÃ¥r Energi AS'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. VAR.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 |
|---|---|---|---|---|---|---|---|---|---|
| 92212WAA8 | 5% fixed | 2027-05-18 | USD | 100.16 | 4.79% | 82 bp | 4 | $15.1M | Jul 2026 |
| 92212WAD2 | 7.5% fixed | 2028-01-15 | USD | 103.38 | 5.06% | 93 bp | 17 | $65.8M | Jul 2026 |
| ZL4949315 | 5.5% fixed | 2029-05-04 | EUR | 104.44 | 3.77% | — | 7 | $15.8M | Jul 2026 |
| 92212WAF7 | 5.875% fixed | 2030-05-22 | USD | 102.02 | 5.28% | 99 bp | 20 | $57.2M | Jul 2026 |
| YQ0595062 | 3.875% fixed | 2031-03-12 | EUR | 99.76 | 3.93% | — | 11 | $5.9M | Jul 2026 |
| R9576ZAJ7 | 3.875% fixed | 2031-03-12 | EUR | 100.79 | 3.69% | — | 1 | $265K | Jun 2026 |
| 92212WAE0 | 8% fixed | 2032-11-15 | USD | 112.01 | 5.70% | 128 bp | 13 | $35.5M | Jul 2026 |
| 92212WAG5 | 6.5% fixed | 2035-05-22 | USD | 103.86 | 5.93% | 138 bp | 5 | $31.4M | Jul 2026 |
| ZH9740353 | 7.862% variable | 2083-11-15 | EUR | 108.06 | — | — | 1 | $1.2M | Jun 2026 |
| R9576ZAG3 | 7.862% fixed | 2083-11-15 | EUR | 108.01 | 7.27% | — | 10 | $18.0M | Jul 2026 |
| XS3304274189 | 4.95% fixed | 2086-04-29 | EUR | 99.01 | 5.00% | — | 8 | $8.8M | 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 | 9 | $253.5M | 103.38 | 5.49% | 114 bp | 20 |
| Jun 2026 | 11 | $596.7M | 103.76 | 5.24% | 104 bp | 26 |
| May 2026 | 7 | $215.3M | 104.22 | 5.16% | 98 bp | 15 |
| Apr 2026 | 9 | $238.0M | 104.26 | 4.97% | 110 bp | 20 |
| Mar 2026 | 10 | $537.5M | 104.54 | 5.02% | 122 bp | 27 |
| Feb 2026 | 7 | $226.5M | 106.84 | 4.56% | 94 bp | 15 |
| Jan 2026 | 8 | $237.2M | 105.64 | 4.84% | 112 bp | 21 |
| Dec 2025 | 8 | $543.3M | 105.78 | 4.83% | 117 bp | 25 |
| Nov 2025 | 7 | $213.5M | 106.50 | 4.81% | 117 bp | 15 |
| Oct 2025 | 8 | $214.6M | 106.06 | 4.87% | 124 bp | 19 |
| Sep 2025 | 10 | $614.4M | 106.92 | 4.90% | 126 bp | 37 |
| Aug 2025 | 5 | $206.6M | 104.61 | 4.99% | 122 bp | 16 |
| Jul 2025 | 8 | $195.0M | 104.69 | 5.19% | 125 bp | 21 |
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. 34 added, 16 cut, 9 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $124.3M | $130.0M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $108.3M | $114.2M | $20.0M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $79.9M | $87.6M | -$9.7M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $61.8M | $64.3M | $0 |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $40.4M | $41.9M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $33.7M | $41.1M | $24.9M |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $34.0M | $34.9M | $3.2M |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $29.2M | $30.2M | $5.5M |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $26.9M | $27.4M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $25.0M | $27.1M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $16.8M | $17.4M | -$100K |
| Investment Grade Bond Fund John Hancock Bond Trust | 2026-05-31 | $15.6M | $17.1M | $1.2M |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $16.0M | $16.0M | $0 |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $12.8M | $15.5M | $8.9M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.7M | $14.1M | $275K |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $12.9M | $13.4M | new |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.8M | $13.2M | -$320K |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | $11.1M | $11.7M | $254K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $9.8M | $11.1M | $0 |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $11.0M | $11.0M | $0 |
| Franklin Core Plus Bond Fund Franklin Strategic Series | 2026-07-31 | $9.0M | $10.1M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $9.7M | $10.1M | $0 |
| Balanced Fund John Hancock Investment Trust | 2026-07-31 | $9.0M | $9.7M | $1.3M |
| THE HARTFORD SHORT DURATION FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $9.2M | $9.4M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $8.3M | $8.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Franklin Total Return Fund ($6.5M), Loomis Sayles Investment Grade Bond Fund ($3.0M), Bridge Builder Core Plus Bond Fund ($1.6M), Payden Core Bond Fund ($1.4M), PIMCO Credit Opportunities Bond Fund ($700K), Empower Global Bond Fund ($440K), Destinations Core Fixed Income Fund ($415K), SIT International Fixed Income Fund ($410K), Muzinich Dynamic Income Fund ($340K), Empower Core Strategies: Flexible Bond Fund ($286K).
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 |
|---|---|---|---|---|---|
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $12.7M | $14.1M | 0.08% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 1 | $12.9M | $13.4M | 0.60% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $12.8M | $13.2M | 0.06% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 2 | $9.7M | $10.1M | 0.14% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $6.5M | $7.0M | 0.04% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 1 | $5.0M | $6.0M | 0.00% |
| FLCB Franklin U.S. Core Bond ETF | 2026-06-30 | 1 | $3.8M | $4.3M | 0.14% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $3.2M | $3.6M | 0.23% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $2.4M | $2.5M | 0.01% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 2 | $2.0M | $2.0M | 0.09% |
| GSST Goldman Sachs Ultra Short Bond ETF | 2026-05-31 | 1 | $1.6M | $1.6M | 0.10% |
| PCS PGIM Corporate Bond 0-5 Year ETF | 2026-05-29 | 1 | $1.4M | $1.4M | 0.23% |
| PTRB PGIM Total Return Bond ETF | 2026-05-29 | 2 | $1.4M | $1.4M | 0.15% |
| UITB VictoryShares Core Intermediate Bond ETF | 2026-06-30 | 1 | $1.1M | $1.3M | 0.05% |
| HYFI AB High Yield ETF | 2026-05-31 | 3 | $1.2M | $1.2M | 0.36% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.53: safer than 54% of companies (61th percentile in Energy). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $14.78B |
| Debt barrier (short-term + ½ long-term debt) | $3.23B |
| Equity volatility (1 year) | 37.3% |
| Asset value / asset volatility (solved) | $17.88B / 30.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 114 bp spread prices in about 1.9% 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'' = 1.30 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
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.