Vallourec S.A. bonds VK.PA
Who owns Vallourec 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. VK.PA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 92023RAA8 | 7.5% fixed | 2032-04-15 | USD | 104.39 | 6.56% | 219 bp | 16 | $52.5M | 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 | 1 | $52.5M | 104.39 | 6.56% | 219 bp | 16 |
| Jun 2026 | 1 | $98.7M | 104.55 | 6.54% | 228 bp | 30 |
| May 2026 | 1 | $18.3M | 104.91 | 6.48% | 226 bp | 13 |
| Apr 2026 | 1 | $51.4M | 105.50 | 6.38% | 235 bp | 16 |
| Mar 2026 | 1 | $90.8M | 104.83 | 6.52% | 257 bp | 33 |
| Feb 2026 | 1 | $18.8M | 106.18 | 6.27% | 247 bp | 13 |
| Jan 2026 | 1 | $50.8M | 106.30 | 6.26% | 235 bp | 17 |
| Dec 2025 | 1 | $69.6M | 106.23 | 6.28% | 245 bp | 33 |
| Nov 2025 | 1 | $24.8M | 106.49 | 6.25% | 245 bp | 18 |
| Oct 2025 | 2 | $60.9M | 106.35 | 6.29% | 251 bp | 24 |
| Sep 2025 | 1 | $80.9M | 106.58 | 6.26% | 244 bp | 39 |
| Aug 2025 | 1 | $26.5M | 106.21 | 6.34% | 238 bp | 21 |
| Jul 2025 | 2 | $66.2M | 105.93 | 6.40% | 228 bp | 25 |
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. 6 added, 5 cut, 2 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $19.8M | $20.7M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $17.4M | $18.2M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $17.1M | $17.9M | $4.0M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $13.6M | $14.2M | $4.7M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $11.2M | $11.7M | $0 |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $8.4M | $8.7M | $1.4M |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $7.2M | $7.6M | $1.4M |
| Victory Core Plus Intermediate Bond Fund Victory Portfolios III | 2026-07-31 | $6.8M | $7.1M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $5.1M | $5.4M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $5.1M | $5.4M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $4.7M | $4.9M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $4.5M | $4.7M | $0 |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.2M | $4.4M | $0 |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $3.4M | $3.6M | $0 |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $2.7M | $2.8M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $2.5M | $2.6M | $0 |
| Fidelity Series High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $2.4M | $2.5M | $0 |
| VictoryShares Core Plus Bond ETF Victory Portfolios II | 2026-06-30 | $2.2M | $2.3M | $0 |
| Fidelity Advisor Capital and Income Fund Fidelity Advisor Series I | 2026-07-31 | $1.9M | $2.0M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $1.8M | $1.9M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $1.4M | $1.5M | $0 |
| BlackRock High Yield Portfolio Brighthouse Funds Trust I | 2026-06-30 | $1.4M | $1.5M | $0 |
| Victory Ultra Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $1.4M | $1.5M | $0 |
| Victory Income Fund Victory Portfolios III | 2026-07-31 | $1.3M | $1.4M | $0 |
| Fidelity High Income Central Fund Fidelity Central Investment Portfolios LLC | 2026-05-31 | $1.1M | $1.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): DoubleLine Core Fixed Income Fund ($1.1M), BlackRock Low Duration Bond Portfolio ($823K), BlackRock Multi-Sector Income Trust ($555K), State Street(R) DoubleLine(R) Total Return Tactical ETF ($464K), BlackRock Core Bond Trust ($200K).
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 |
|---|---|---|---|---|---|
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $7.2M | $7.6M | 0.34% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $3.4M | $3.6M | 0.01% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 1 | $2.2M | $2.3M | 0.12% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $830K | $866K | 0.00% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $428K | $448K | 0.00% |
| UCRD VictoryShares Corporate Bond ETF | 2026-06-30 | 1 | $300K | $314K | 0.21% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $200K | $210K | 0.00% |
| CPLB NYLIM MacKay Core Plus Bond ETF | 2026-07-31 | 1 | $200K | $209K | 0.06% |
| FTBD Fidelity Tactical Bond ETF | 2026-05-31 | 1 | $19K | $20K | 0.05% |
| IMTB iShares Core 5-10 Year USD Bond ETF | 2026-05-31 | 1 | $10K | $11K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.87: safer than 65% of companies (71th percentile in Basic Materials). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $5.34B |
| Debt barrier (short-term + ½ long-term debt) | $704.1M |
| Equity volatility (1 year) | 35.1% |
| Asset value / asset volatility (solved) | $6.02B / 31.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 219 bp spread prices in about 3.6% 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'' = 3.55 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in VK.PA'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 |
|---|---|---|---|---|---|---|---|
| 2026-06-30 | 1 | $30K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 2 | $36K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 1 | $20K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 1 | $22K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 1 | $22K | 0 | — | 0 | — | 0 |
| 2025-03-31 | 1 | $17K | 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.