News Results

  1. TPG Announces Pricing of Senior Notes
    Business Wire | 05:25 PM EST

    TPG Inc. (TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P., an indirect subsidiary of TPG, priced a registered public offering of $600 million aggregate principal amount of 5.875% senior notes due 2034. The notes will bear interest at a rate of 5.875% per year.

  2. Federal Home Loan Bank of Dallas Commits $79.4 Million to Affordable Housing Program ? $50 Million More Than 2023 Commitment
    Business Wire | 05:19 PM EST

    Funds Are Used for Housing to Revitalize Communities. This year, the Federal Home Loan Bank of Dallas is offering $79.4 million in grants through its Affordable Housing Program General Fund ? more than $50 million than was allocated in 2023. This press release features multimedia.

  3. KBRA Assigns Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2024-GT1
    Business Wire | 04:51 PM EST

    KBRA assigns ratings of ?BBB? to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC?s master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mortgage backed securities.

  4. Ventas Prices Cdn$650 Million of 5.10% Senior Notes Due 2029
    Business Wire | 04:43 PM EST

    Ventas, Inc. (VTR) said today that it has priced a private offering in Canada of Cdn$650 million of 5.10% Senior Notes, Series J due 2029.

  5. Hackett: HR Organizations Feeling Increased Pressure in the Face of Global Uncertainty
    Business Wire | 11:59 AM EST

    Generative AI and Other Technology Are Key to Improving HR Efficiency and Effectiveness As companies face significant uncertainty, including the potential for stalled global economic growth, high interest rates and possible labor and skills shortages, human resources teams expect to feel increased pressure, including a growing workload and the need to enable the success of business stakeholders...

  6. AM Best Affirms Credit Ratings of Pacific International Insurance Pty Limited
    Business Wire | 09:33 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Pacific International Insurance Pty Limited. The ratings reflect Pacific?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  7. ICE Benchmark Administration Provides Update Regarding the Cessation of Sterling LIBOR?
    Business Wire | 08:30 AM EST

    Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited, the authorized and regulated administrator of LIBOR?, has provided an update regarding the cessation of sterling LIBOR.

  8. Radian Prices Senior Notes Offering
    Business Wire | 02/28/24 07:38 PM EST

    Radian Group Inc. (RDN) announced today that it has priced its public offering of $625 million aggregate principal amount of senior unsecured notes due 2029. The Notes will pay interest semi-annually on May 15 and November 15, beginning on November 15, 2024, at a rate of 6.200% per year, and will mature on May 15, 2029.

  9. KBRA Assigns AA Rating to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds; Outlook is Stable
    Business Wire | 02/28/24 05:57 PM EST

    KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds, 2024 Series A and 2024 Series B. The long-term rating of AA on LADWP's outstanding Power System Revenue Bonds is concurrently affirmed. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.

  10. Coterra Energy Announces Pricing of Senior Unsecured Notes
    Business Wire | 02/28/24 05:39 PM EST

    Coterra Energy Inc. (CTRA) announced today that it has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2034, which will carry an interest rate of 5.60%. The offering is expected to close on March 13, 2024, subject to the satisfaction of customary closing conditions.

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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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