NCL 5.875% 2031 bond (US62886HBY62)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US62886HBY62
NCL's 5.875% USD bond maturing 2031-01-15 (US62886HBY62) yields 7.89% to worst as of 2026-10-27. That is 308 bp over the US Treasury curve at the same maturity and 4 bp above the fitted Bermuda High Yield (BB–D) 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 | 4.81% | +308 bp |
| Bermuda High Yield (BB–D) Corporate Bond Yields (USD) | 7.85% | +4 bp |
| US High Yield (BB–D) Consumer Products & Retail Corporate Bond Yields (USD) | 6.44% | +145 bp |
| US High Yield (BB–D) Corporate Bond Yields (USD) | 6.76% | +113 bp |
The bond
| ISIN | US62886HBY62 |
|---|---|
| Issuer | NCL |
| Issuer type | Corporate |
| Country | Bermuda |
| Sector | Consumer Products & Retail |
| Currency | USD |
| Coupon | 5.875% |
| Coupon frequency | Semiannual |
| Maturity | 2031-01-15 |
| Rating band | BB+–D (High Yield) |
| Yield to worst | 7.89% |