SherpaBonds
US87612GAT85 · Corp · USD

Targa Resources Corp 4.35% 2031/04

Targa Resources CorpUnited StatesGLOBALSenior Unsecured
SHARE
▶ Start radio
MID PRICE
98.73
par = 100
YIELD TO MAT.
4.80%
semi-annual
COUPON
4.350%
semi-annual · fixed
MATURITY
2031-04-15
bullet · 4.94y
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
4.38 y
1bp ↑ ≈ -0.044% P&L
Convexity
22.54
higher = more curvature
Years to maturity
4.94 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
iShares iBoxx $ Investment Grade Corporate Bond
iShares
US IG Corporate$6.5M▼ $70K0.02%2026-05-01
iShares iBonds Dec 2031 Term Corporate
iShares
iBonds 2031 Corporate$2.0M▲ $40K0.08%2026-05-01
iShares 1-5 Year Investment Grade Corporate Bond
iShares
US IG Corporate 1-5Y$1.7M▼ $3080.01%2026-05-01
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$1.4M▲ $2K0.01%2026-04-30
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$1.3M▲ $2910.00%2026-05-01
SPDR DoubleLine Short Duration Total Return Tactical
SPDR
US Active Short Duration$1.0M▲ $2K0.23%2026-04-30
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$765K▼ $1420.00%2026-05-01
SPDR Portfolio Aggregate Bond
SPDR
US Aggregate$245K▲ $4100.00%2026-04-30
SPDR Portfolio Corporate Bond
SPDR
US IG Corporate$219K▲ $3660.01%2026-04-30
iShares Interest Rate Hedged Corporate Bond
iShares
US IR Hedged IG Corporate$101K▲ $2K0.02%2026-05-01
iShares Core 1-5 Year USD Bond
iShares
US Short-Term Core$99K▲ $220.00%2026-05-01
iShares ESG Aware U.S. Aggregate Bond
iShares
US ESG Aggregate$99K▲ $220.00%2026-05-01
iShares ESG Aware USD Corporate Bond
iShares
US ESG IG Corporate$99K▲ $220.01%2026-05-01
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Price history

Sherpa Signal

AS OF 2026-05-01

Institutional footprint · signal-level holdings

37/ 100Early footprint
Interpretation. Light institutional footprint, with net distribution
HOLDERS
13
▼ 4 signals in 7d
AGGREGATE EXPOSURE
$15.5M
USD across all
TOP CONCENTRATION
42.1%
largest holder
FLOW
▼ $2.9M
▼ 4 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
98,731 USD
PRICE
98.73

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
TRGP 4.35 04/15/31
FIGI
BBG020MCR7B9
CUSIP
87612GAT8
ISIN
US87612GAT85
Type
Corp
Issued
2026-03-02
Face value
100 USD
Ticker
TRGP 4.35 04/15/31
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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HEURISTIC

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