SherpaBonds
US87612GAE17 · Corp · USD

Targa Resources Corp 6.15% 2029/03

Targa Resources CorpUnited StatesGLOBALSenior Unsecured
SHARE
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MID PRICE
105.17
par = 100
YIELD TO MAT.
4.57%
semi-annual
COUPON
6.150%
semi-annual · fixed
MATURITY
2029-03-01
bullet · 2.82y
OUTSTANDING
—
not disclosed
AS OF
2026-05-01
Fund disclosure

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

Targa Resources Corp. is a Fortune 500 company based in Houston, Texas. Targa, a midstream energy infrastructure corporation, is one of the largest infrastructure companies delivering natural gas and natural gas liquids in the United States. Their operations are based largely, though not entirely, on the Gulf Coast, particularly in Texas and Louisiana. Matthew J. Meloy has been Chief Executive Officer since 2020.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
2.55 y
1bp ↑ ≈ -0.026% P&L
Convexity
8.10
higher = more curvature
Years to maturity
2.82 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Vanguard Total Bond Market
Vanguard
US Aggregate$14.4M—0.00%2026-03-31
Vanguard Short-Term Corporate Bond
Vanguard
US Corporate Short$9.7M—0.02%2026-03-31
SPDR Portfolio Short Term Corporate Bond
SPDR
US IG Corporate Short$8.2M▲ $764K0.08%2026-04-30
Vanguard Short-Term Bond
Vanguard
US Aggregate Short$7.8M—0.01%2026-03-31
iShares iBonds Dec 2029 Term Corporate
iShares
iBonds 2029 Corporate$7.8M▼ $2K0.21%2026-05-01
iShares 1-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate 1-5Y$6.7M▲ $6820.03%2026-05-01
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$3.5M▼ $1K0.00%2026-05-01
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$2.1M▲ $523K0.02%2026-04-30
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$1.9M▲ $1900.01%2026-05-01
iShares Core 1-5 Year USD Bond
iShares
US Short-Term Core$363K▼ $1150.01%2026-05-01
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Price history

Sherpa Signal

AS OF 2026-05-01

Institutional footprint · signal-level holdings

43/ 100Active coverage
Interpretation. Light institutional footprint, with net distribution
HOLDERS
10
▼ 2 signals in 7d
AGGREGATE EXPOSURE
$62.3M
USD across all
TOP CONCENTRATION
23.1%
largest holder
FLOW
▼ $9.2M
▼ 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
105,168 USD
PRICE
105.17

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
TRGP 6.15 03/01/29
FIGI
BBG01K1ZG3S1
CUSIP
87612GAE1
ISIN
US87612GAE17
Type
Corp
Issued
2023-11-09
Face value
100 USD
Ticker
TRGP 6.15 03/01/29
Sec. type
GLOBAL
Seniority
Senior Unsecured

Issuer curve

TRGP · 10 PTS

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

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