SherpaBonds
US858119BU36 · Corp · USDInvestment Grade · BBB

Steel Dynamics Inc 4.00% 2028/12

Steel Dynamics IncUnited StatesGLOBALSenior Unsecured
SHARE
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MID PRICE
100.80
par = 100
YIELD TO MAT.
4.43%
semi-annual
COUPON
4.000%
semi-annual · fixed
MATURITY
2028-12-15
bullet · 2.60y
OUTSTANDING
—
not disclosed
AS OF
2026-05-07

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

Steel Dynamics, Inc. (SDI) is an American steel producer based in Fort Wayne, Indiana. With a production capacity of 13 million tons of steel, the company is the third largest producer of carbon steel products in the United States. It is among the most profitable American steel companies in terms of profit margins and operating margin per ton. Based on its 2021 revenue, the company ranked 196th on the 2022 edition of the Fortune 500.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
2.40 y
1bp ↑ ≈ -0.024% P&L
Convexity
7.19
higher = more curvature
Years to maturity
2.60 y
YTM source
Ingested
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Invesco BulletShares 2028 Corporate Bond
Invesco
BulletShares 2028 Corporate$5.2M▲ $5K0.15%2026-05-05
Vanguard Total Bond Market
Vanguard
US Aggregate$4.4M—0.00%2026-03-31
iShares iBonds Dec 2028 Term Corporate
iShares
iBonds 2028 Corporate$3.7M▼ $4K0.10%2026-05-07
iShares 1-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate 1-5Y$3.6M▼ $4K0.02%2026-05-07
Vanguard Short-Term Bond
Vanguard
US Aggregate Short$3.1M—0.00%2026-03-31
SPDR Portfolio Short Term Corporate Bond
SPDR
US IG Corporate Short$3.0M▲ $3K0.03%2026-05-05
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$2.8M▼ $3K0.00%2026-05-07
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$1.9M▼ $2K0.01%2026-05-07
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$1.4M▲ $1K0.01%2026-05-05
iShares Core Universal USD Bond
iShares
US Aggregate$514K▼ $5110.00%2026-05-07
iShares 0-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate$378K▼ $3780.02%2026-05-07
iShares ESG Aware 1-5 Year USD Corporate Bond
iShares
US IG Corporate ESG$277K▼ $2750.03%2026-05-07
SPDR Portfolio Aggregate Bond
SPDR
US Aggregate$188K▲ $1690.00%2026-05-05
iShares Core 1-5 Year USD Bond
iShares
US Short-Term Core$151K▼ $1500.00%2026-05-07
iShares ESG Aware U.S. Aggregate Bond
iShares
US ESG Aggregate$151K▼ $1500.00%2026-05-07
iShares ESG Aware USD Corporate Bond
iShares
US ESG IG Corporate$136K▼ $1350.01%2026-05-07
iShares Intermediate Government/Credit Bond
iShares
US Govt/Credit$116K▼ $1150.00%2026-05-07
iShares ESG Advanced Universal USD Bond
iShares
US Aggregate$50K▼ $500.01%2026-05-07
iShares iBonds 1-5 Year Corporate Ladder
iShares
iBonds Corporate$15K—0.02%2026-05-06
iShares Interest Rate Hedged U.S. Aggregate Bond
iShares
US Aggregate$101—0.00%2026-05-07
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Price history

Sherpa Signal

AS OF 2026-05-07

Institutional footprint · signal-level holdings

47/ 100Active coverage
Interpretation. Light institutional footprint, with net distribution
HOLDERS
20
▲ 2 signals in 7d
AGGREGATE EXPOSURE
$31.1M
USD across all
TOP CONCENTRATION
16.9%
largest holder
FLOW
▼ $8.6M
▲ 2 signals 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
100,804 USD
PRICE
100.80

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
STLD 4 12/15/28
FIGI
BBG01YLT3B72
CUSIP
858119BU3
ISIN
US858119BU36
Type
Corp
Issued
2025-11-21
Face value
100 USD
Ticker
STLD 4 12/15/28
Sec. type
GLOBAL
Seniority
Senior Unsecured

Issuer curve

STLD · 8 PTS

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

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HEURISTIC

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Steel Dynamics Inc 3.25% 10/2050
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