SherpaBonds
US87612GAK76 · Corp · USD

Targa Resources Corp 5.50% 2035/02

Targa Resources CorpUnited StatesGLOBALSenior Unsecured
SHARE
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MID PRICE
102.44
par = 100
YIELD TO MAT.
5.31%
semi-annual
COUPON
5.500%
semi-annual · fixed
MATURITY
2035-02-15
bullet · 8.78y
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
6.83 y
1bp ↑ ≈ -0.068% P&L
Convexity
57.16
higher = more curvature
Years to maturity
8.78 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Vanguard Intermediate-Term Corporate Bond
Vanguard
US Corporate Intermediate$50.7M—0.08%2026-03-31
Vanguard Total Bond Market
Vanguard
US Aggregate$36.5M—0.01%2026-03-31
iShares iBoxx $ Investment Grade Corporate Bond
iShares
US IG Corporate$7.9M▼ $61K0.03%2026-05-01
Vanguard Intermediate-Term Bond
Vanguard
US Aggregate Intermediate$7.4M—0.01%2026-03-31
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$2.7M▲ $2K0.00%2026-05-01
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$1.8M▲ $3K0.02%2026-04-30
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$1.7M▲ $1K0.01%2026-05-01
iShares iBonds Dec 2035 Term Corporate
iShares
iBonds 2035 Corporate$993K▲ $2K0.30%2026-04-30
SPDR Portfolio Aggregate Bond
SPDR
US Aggregate$271K▲ $4100.00%2026-04-30
iShares Interest Rate Hedged Corporate Bond
iShares
US IR Hedged IG Corporate$122K▲ $2K0.02%2026-05-01
iShares ESG Aware USD Corporate Bond
iShares
US ESG IG Corporate$87K▲ $640.01%2026-05-01
iShares ESG Aware U.S. Aggregate Bond
iShares
US ESG Aggregate$77K▲ $570.00%2026-05-01
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Price history

Sherpa Signal

AS OF 2026-05-01

Institutional footprint · signal-level holdings

45/ 100Active coverage
Interpretation. Light institutional footprint, with net distribution
HOLDERS
12
▼ 3 signals in 7d
AGGREGATE EXPOSURE
$110.2M
USD across all
TOP CONCENTRATION
46.0%
largest holder
FLOW
▼ $2.9M
▼ 3 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
102,439 USD
PRICE
102.44

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
TRGP 5 1/2 02/15/35
FIGI
BBG01P4TFX51
CUSIP
87612GAK7
ISIN
US87612GAK76
Type
Corp
Issued
2024-08-09
Face value
100 USD
Ticker
TRGP 5.5 02/15/35
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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