US459200AS04 · Corp · USD

International Business Machines Co 6.50% 2028/01

MID PRICE
105.46
par = 100
YIELD TO MAT.
4.31%
semi-annual
COUPON
6.500%
semi-annual · fixed
MATURITY
2028-01-15
bullet · 1.70y
OUTSTANDING
not disclosed
AS OF
2026-04-30
Fund disclosure

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

International Business Machines Corporation, doing business as IBM, is an American multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries; for 29 consecutive years, from 1993 to 2021, it held the record for most annual U.S. patents generated by a business.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
1.58 y
1bp ↑ ≈ -0.016% P&L
Convexity
3.36
higher = more curvature
Years to maturity
1.70 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
SPDR Portfolio Short Term Corporate Bond
SPDR
US IG Corporate Short$4.6M▲ $2K0.05%2026-04-30
Vanguard Total Bond Market
Vanguard
US Aggregate$4.2M0.00%2026-03-31
iShares 1-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate 1-5Y$2.6M▲ $2K0.01%2026-04-30
iShares iBonds Dec 2028 Term Corporate
iShares
iBonds 2028 Corporate$2.6M▲ $2K0.07%2026-04-30
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$2.3M▲ $1K0.00%2026-04-30
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$1.5M▼ $620K0.01%2026-04-30
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$1.2M▲ $9030.01%2026-04-30
Vanguard Short-Term Corporate Bond
Vanguard
US Corporate Short$891K0.00%2026-03-31
Vanguard Ultra-Short Bond
Vanguard
US Aggregate Ultra Short Active$779K0.01%2026-03-31
iShares ESG Aware U.S. Aggregate Bond
iShares
US ESG Aggregate$440K▲ $2730.01%2026-04-30
iShares ESG Aware USD Corporate Bond
iShares
US ESG IG Corporate$166K▲ $1030.01%2026-04-30
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Price history

Sherpa Signal

AS OF 2026-04-30

Institutional footprint · signal-level holdings

45/ 100Active coverage
Interpretation. Light institutional footprint, with net distribution
HOLDERS
11
unchanged in 7d
AGGREGATE EXPOSURE
$21.3M
USD across all
TOP CONCENTRATION
21.5%
largest holder
FLOW
▼ $613K
unchanged in 7d

Sherpa Signal is derived from a panel of tracked institutional portfolios. Names of individual holders are not disclosed.

100K PAR NOTIONAL · MARKET VALUE
105,460 USD
PRICE
105.46

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
IBM 6 1/2 01/15/28
FIGI
BBG000058NM4
CUSIP
459200AS0
ISIN
US459200AS04
Type
Corp
Issued
1998-01-09
Face value
100 USD
Ticker
IBM 6.5 01/15/28
Sec. type
US DOMESTIC
Seniority
Senior Unsecured

Issuer curve

IBM · 10 PTS

Yield (%) plotted against years-to-maturity. This bond highlighted in amber.