As the largest private-activity bond issuance and first investment-grade debt for American high-speed rail, this transaction, which also won Deal of the Year in the Innovative Financing category, opens new avenues for large-scale infrastructure projects in a traditionally underserved financing sector.
China's services activity expanded at a slower pace in November, pressured by easing new business growth, including in exports, a private sector survey showed, as the economy braces for a rocky ride of more U.S. tariffs under a second Trump administration.
China's services activity expanded at a slower pace in November, pressured by easing new business growth, including in exports, a private sector survey showed, as the economy braces for a rocky ride of more U.S. tariffs under a second Trump administration.
The U.S. dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve interest-rate cut this month.
The U.S. dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve interest-rate cut this month.
Gold prices steadied on Wednesday as markets awaited more jobs data and comments from Federal Reserve Chair Jerome Powell for further clarity on the U.S. rate outlook. FUNDAMENTALS. * Spot gold held its ground at $2,640.42 per ounce, as of 0057 GMT.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES OFFERING AND PRICING OF REOPENING OF $100 MILLION SENIOR NOTES DUE 2029. * Doman Building Materials Group Ltd (CWXZF) - TO SELL ADDITIONAL $100 MILLION OF 7.50% SENIOR UNSECURED NOTES Source text: Further company coverage:
Japan's service activity swung back to growth in November as improving demand supported new business, a private sector survey showed on Wednesday. The final au Jibun Bank Service purchasing managers' index rose to 50.5 in November from 49.7 in October, according to the survey compiled by the S&P Global Market Intelligence.
Japan's service activity swung back to growth in November as improving demand supported new business, a private sector survey showed on Wednesday. The final au Jibun Bank Service purchasing managers' index rose to 50.5 in November from 49.7 in October, according to the survey compiled by the S&P Global Market Intelligence.
Coterra Energy Inc. (CTRA) announced today that it has priced an offering of $750 million aggregate principal amount of senior unsecured notes due 2035, which will carry an interest rate of 5.40%, and $750 million aggregate principal amount of senior unsecured notes due 2055, which will carry an interest rate of 5.90%. The offering is expected to close on December 17, 2024, subject to the satisfaction...
- US$850 million Senior Unsecured Notes due 2028 and US$650 million Senior Unsecured Notes due 2030 Avolon Holdings Limited, a leading global aviation finance company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion of senior unsecured notes.
Ready Capital Corporation (RC) today announced that it priced an underwritten public offering of?$115.0 million?aggregate principal amount of 9.00% Senior Notes due 2029. The offering is expected to close on?December 10, 2024?and is subject to customary closing conditions.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced that it has priced an upsized offering by way of a private placement of $1.2 billion aggregate principal amount of its 6.25% Senior Notes due 2033.
MECHANICSBURG, Pa., Dec. 3, 2024 Select Medical Holdings Corporation (SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings, has completed a private offering of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on January 2, 2025 to shareholders of record at the close of business on December 18, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
* Tesla slips after its China-made EV sales drop in Nov. * South Korean firms fall. By Caroline Valetkevitch. The S&P 500 and Nasdaq ended higher on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. Marketwatchers also digested reassuring comments from Federal Reserve policymakers.
Poland?s GDP is set to expand further in 2025, cementing its position as the European Union?s fastest-growing economy. Polish economic growth is projected at 3.7% next year, supported by private consumption and investments, European Commission data showed.
IREN Limited today announced its intention to offer, subject to market and other conditions, $300?million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Muni investors hope "any move toward higher yields is steady, even dignified, such that it doesn't catalyze an outflow cycle that would countervail year-to-date total returns just before we close out the year," said Vikram Rai, head of municipal strategy at Wells Fargo.
* Markets expected to move on Powell's comments on Wednesday, new labor market data. * JOLTs report showed moderate increase in job openings. * ADP National Employment data due on Wednesday and nonfarm payrolls on Friday. * Turmoil in South Korea increased demand for low-risk assets, including treasuries. * By Tatiana Bautzer.
* Tesla slips after its China-made EV sales drop in Nov. * South Korean firms fall after president declares martial law. * Indexes: Dow down 0.1%, S&P 500 up 0.04%, Nasdaq up 0.2% By Caroline Valetkevitch. NEW YORK, Dec 3 - The Nasdaq and S&P 500 edged higher on Tuesday as tech-related shares extended recent gains and investors digested reassuring comments from Federal Reserve policymakers.
Greystone, a leading national commercial real estate finance company, announced that Greystone Senior Debt BI, LTD., a subsidiary of the Greystone Senior Debt Fund, has completed a Series A bond offering of approximately $160 million on the Tel Aviv Stock Exchange.
Federal Reserve Governor Adriana Kugler said on Tuesday that inflation ?appears to be on a sustainable path? but indicated that challenges still persist, adding that monetary ?policy is not on a preset course. #8221; Speaking at the Detroit Economic Club, Kugler described recent inflation readings as encouraging.
Fitch: * FITCH: SECTOR OUTLOOK FOR U.S. BANKS REVISED TO NEUTRAL IN 2025 FROM DETERIORATING IN 2024. * FITCH: U.S. BANKS WILL BENEFIT FROM A MORE SUPPORTIVE OPERATING ENVIRONMENT IN 2025 Source text:
U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion. But the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed employers hesitant to hire more workers.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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