Cleveland-Cliffs 7% 2032 bond (US185899AP61)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US185899AP61
Cleveland-Cliffs's 7% USD bond maturing 2032-03-15 (US185899AP61) yields 7.11% to worst as of 2026-10-27. That is 225 bp over the US Treasury curve at the same maturity and 21 bp above the fitted US High Yield (BB–D) Metals & Mining Corporate Bond (USD) curve.
Against its curves
Each curve's fitted yield at this bond's maturity (at its call date, where it is priced to call), and the bond's spread to it.
| Curve | Curve yield | Spread |
|---|---|---|
| US Treasury Yields | 4.86% | +225 bp |
| Cleveland-Cliffs Bond Yields (USD) | 7.18% | -7 bp |
| US High Yield (BB–D) Metals & Mining Corporate Bond Yields (USD) | 6.90% | +21 bp |
| United States High Yield (BB–D) Corporate Bond Yields (USD) | 6.65% | +46 bp |
| US High Yield (BB–D) Corporate Bond Yields (USD) | 6.87% | +24 bp |
The bond
| ISIN | US185899AP61 |
|---|---|
| Issuer | Cleveland-Cliffs |
| Issuer type | Corporate |
| Country | United States |
| Sector | Metals & Mining |
| Currency | USD |
| Coupon | 7% |
| Coupon frequency | Semiannual |
| Maturity | 2032-03-15 |
| Rating band | BB+–D (High Yield) |
| Yield to worst | 7.11% |