DALLAS, March 30, 2023 ?EnLink Midstream (ENLC), LLC today announced the pricing of its offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030 at a price of 99.000% of their face value.
DALLAS, March 30, 2023 EnLink Midstream, LLC (ENLC) today announced its intention, subject to market conditions, to commence an offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030. EnLink intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility.
DENVER, March 30, 2023 Lumen Technologies, Inc. (LUMN) announced the early results of the previously announced offers by its indirect, wholly-owned subsidiary, Level 3 Financing, Inc., to issue senior secured notes in exchange for senior unsecured notes of Lumen.
CHICAGO, March 29, 2023 The Mortgage Partnership Finance? Program recently surpassed $1 billion in Credit Enhancement income paid to almost 1,600 Federal Home Loan Bank member financial institutions. The MPF Traditional products were developed over 25 years ago to provide FHLBank members a secondary mortgage market option for their conventional conforming loans.
LONDON, March 29, 2023 /PRNewswire/ --?The British Virgin Islands' positive role in the global economy has been underscored in a new independent report launched today: 'Beyond globalisation: The British Virgin Islands contribution to global prosperity in an uncertain world'[1]. The report, based on quantitative and qualitative research of firms operating in the BVI1, shows that the BVI is home...
LOS ANGELES, March 28, 2023 Rexford Industrial Realty, Inc. (REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced that its operating partnership, Rexford Industrial Realty, L.P., has priced a public offering of $300 million aggregate principal amount of 5.000% senior notes due 2028.
ALPHARETTA, Ga., March 28, 2023 Momentifi announced today they are partnering with Freddie Mac to offer a free continuing education course designed to help real estate agents and brokers better serve historically underserved communities. "We're very excited to partner with Freddie Mac in offering this incredibly valuable course," says Gibran Nicholas, CEO of Momentifi.
NEW YORK, March 28, 2023 The Conference Board Consumer Confidence Index? increased slightly in March to 104.2, up from 103.4 in February. "Driven by an uptick in expectations, consumer confidence improved somewhat in March, but remains below the average level seen in 2022. "While consumers feel a bit more confident about what's ahead, they are slightly less optimistic about the current landscape.
NEW YORK, March 27, 2023 ?Inspired Entertainment, Inc. (INSE), a leading B2B provider of gaming content, systems and solutions, announced today that Fitch Ratings? has upgraded Inspired's corporate rating to 'B' from 'B-'.
WASHINGTON, March 27, 2023 Fannie Mae's ?February 2023 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
WASHINGTON, March 27, 2023 Fannie Mae?announced today that it has executed two Credit Insurance Risk Transfer? transactions. "We appreciate our continued partnership with the 20 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae Vice President, Capital Markets.
BEIJING, March 25, 2023 Over the past three years, China has weathered several COVID-19 waves with massive vaccination drive. In response to the constantly evolving situation, China has optimized its COVID-19 response strategy by coordinating epidemic prevention and control with economic and social development.
Housing Activity Expected to Remain Subdued as Most Homeowners Remain 'Locked In' to Low Mortgage Rates WASHINGTON, March 24, 2023 /PRNewswire/ -- Due to stronger-than-expected economic data, Fannie Mae's Economic and Strategic Research Group revised upward its first quarter 2023 GDP forecast, which it finalized prior to the recent financial turmoil, and now projects a modest recession to begi...
ALEXANDRIA, Va., March 23, 2023 ?IT Jobs declined 0.12% month-over-month in February despite an unemployment rate in IT of only 2.1% in Q4, according to TechServe Alliance, the national trade association of the Technology Staffing and Solutions Industry. "In the aggregate, U.S. IT employment continued to decline reflecting softer demand in some sectors of the economy.
CPM software provider grows customer base, empowering companies to Plan For Anything??amid global economic challenges. TORONTO, March 23, 2023 /PRNewswire/ --?Vena, the Complete Planning platform loved by finance and trusted by business, today announced record revenues and customer wins in its latest fiscal year despite significant economic headwinds.
WESTERLY, R.I., March 22, 2023 ?Washington Trust has been selected to participate in Federal Home Loan Bank of Boston's homeownership assistance programs, Equity Builder Program and Housing Our Workforce.
LONDON, March 22, 2023 L3COS, a blockchain based operating system, is pleased to announce the launch of its decentralized exchange in April 2023. The exchange is L3COS' first product to market made possible through proprietary Fiat-on-Chain? technology aiming to bridge the gap between traditional banking rails and a DEFI environment.
Partner programming also includes implementation grants and a peer cohort BOSTON, March 22, 2023 ?The Public Finance Initiative and its collaborating partners are pleased to announce the forthcoming launch of the new Bond Markets and Racial Equity Framework and program.
SALT LAKE CITY, March 21, 2023 Extra Space Storage Inc. (EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP, has priced a public offering of $500 million aggregate principal amount of 5.700% senior notes due 2028.
ORLANDO, Fla. Still, economic uncertainty, inflation and interest rates fluctuating above 6% impacted the state's housing sector. "The 30-year fixed mortgage rate was in the 6- to 6.5% range for much of January, which helped spur some renewed activity in the existing home sales market," said Florida Realtors Chief Economist Dr. Brad O'Connor.
DALLAS, March 21, 2023 NexAnnuity announced today that its insurance subsidiary, The Ohio State Life Insurance Company, has been assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of "bbb-" by AM Best.
Black Knight's (BKI) innovative SCOUT mobile property inspection solution approved for data collection as part of the GSE's appraisal modernization initiative?? -? Black Knight (BKI) is one of only six vendors currently approved by Fannie Mae to support the GSE's new valuation option: value acceptance plus property data-? SCOUT, Black Knight's (BKI) innovative property inspection application, enables appraisers...
Financing led by RBC with participation from existing investor CRCM Ventures provides capital to help support the growth of ClearBlue Market's technology platform. TORONTO, March 21, 2023 /PRNewswire/ - ClearBlue Markets Holding, a leading global carbon markets company, announced it has raised $8 million as part of its Series A financing led by Royal Bank of Canada.
BEIJING, March 20, 2023 A news report from Beijing Review: China has set its GDP growth target at around 5 percent for this year. "The growth target is achievable in light of China's average annual GDP growth rate of 6.2 percent in the past 10 years. The NPC and CPPCC National Committee full sessions, China's major annual political events, ran from March 4 to 13 this year.
NEW YORK, March 17, 2023 The Conference Board Leading Economic Index? ?for the?U.S. fell again by 0.3 percent in February 2023 to 110.0, after also declining by 0.3 percent in January.
NEW YORK, March 16, 2023 TGM announced today the mortgage refinancing for TGM Bay Isle, a 582-unit multifamily apartment community in St. Petersburg, Florida. TGM Bay Isle received Green Globes Certification enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of the property's green efficiency and sustainability.
CLEARWATER, Fla. Recently, the U.S. Bureau of Labor Statistics reported that, in 2022, total job separations in America increased by 3.2 million over 2021 while the number of people quitting their job reached 50.6 million, the highest annual level in the survey's history.
DENVER, March 16, 2023 Lumen Technologies, Inc. (LUMN) announced that its indirect, wholly owned subsidiary, Level 3 Financing, Inc., has commenced offers to issue senior secured notes in exchange for senior unsecured notes of Lumen.
Foundation leadership to meet with grantees, private sector, and government officials in support of India's renewable energy initiatives, and G20 leadership to help reform international financial institutions NEW YORK, March 15, 2023 /PRNewswire/ -- The Rockefeller Foundation announced today that President Dr. Rajiv J. Shah, along with leaders of the Foundation's Power & Climate and Asia Regio...
VANCOUVER, BC, March 15, 2023 Ritchie Bros. Auctioneers Incorporated, today announced that its subsidiary, Ritchie Bros. Holdings Inc., has closed an offering of $550 million aggregate principal amount of 6.750% senior secured notes due March 15, 2028 and $800 million aggregate principal amount of 7.750% senior notes due March 15, 2031.
WASHINGTON, March 15, 2023 Fannie Mae today announced that Michael Seelig has been appointed to the Board of Directors and will serve on the Audit Committee. "We are very pleased to welcome Mike to the Fannie Mae Board of Directors," said Michael J. Heid, Chair of the Board. "Mike is another strong addition to our exceptional Board of Directors.
RALEIGH, N.C., March 15, 2023 Several factors, including global economic conditions, government regulations, and trends in construction and manufacturing, will likely influence the outlook for carbon steel production in 2023-24. ?In general, a strong global economy and increased demand for construction and manufacturing products are likely to drive carbon steel production.
NGA's EIM contract integrates commercial solutions into agency processes to further national security ARLINGTON, Va., March 15, 2023 /PRNewswire/ -- Royce Geo?today announced its continued support of the National Geospatial-Intelligence Agency's Economic Indicator Monitoring contract.
US Treasury official, speaking in her personal capacity, to keynote the?Future of Money, Governance, and the Law?hosted by the?Government Blockchain Association, May 24-25, Washington, DC.
MEXICO CITY, Mexico and MEDELLIN, Colombia and LIMA, Peru, March 13, 2023 /PRNewswire/ -- Auna S.A.A., one of the largest players in the Latin American healthcare industry and with a presence in Mexico, Colombia, and Peru announced today an update regarding certain refinancing activities it is undertaking and the unfortunate downgrade of its credit rating by Standard & Poor?s. The Company has b...
Unemployment rate for tech remains low with sustained demand for tech talent DOWNERS GROVE, Ill. #JobsReport data. "As expected, the lag in labor market data means prior layoffs announcements are now appearing in BLS reporting," said Tim Herbert, chief research officer, CompTIA.
PITTSBURGH, March 10, 2023 Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend. Tax-Free Dividend Per Share The change from the previous month is due to ongoing rate increases from the Federal Reserve, which have caused the fund's cost of leverage to increase more rapidly than portfolio income.
HOUSTON, March 9, 2023 Surge Energy US Holdings Company today announced the Company's two outstanding issuances of Senior Notes outperformed the overall High Yield Bond Market in both 2021 and 2022. The Company's two bond issuances, Senior Notes due 2026 and Senior Notes due 2027, delivered total returns of approximately 31% and 36% respectively in 2021 and 3% and 5% in 2022.
LONDON, March 9, 2023 The increase in central bank rates to combat inflation and Russia's ongoing conflict in Ukraine continue to negatively impact economic activity around the world. Governments are faced with tough trade-offs as they balance concerns for society, the environment, and security in the coming years.
VALLEY FORGE, Pa., March 9, 2023 Vanguard today launched Vanguard Short-Term Tax-Exempt Bond ETF. "Vanguard Short-Term Tax-Exempt Bond ETF is built to optimize tax efficiency for investors seeking to allocate to the shorter end of the municipal bond market," said Sara Devereux, global head of Vanguard Fixed Income Group.
Once again, NAF honored for its exceptional servicing capabilities TUSTIN, Calif. "From the time we founded NAF 20 years ago, we've been committed to operational efficiency and using innovative technology to ensure our customers are taken care of during the homebuying process and beyond," said Patty Arvielo, CEO and Co-Founder of New American Funding.
LONDON, March 9, 2023 The increase in central bank rates to combat inflation and Russia's ongoing conflict in Ukraine continue to negatively impact economic activity around the world. Governments are faced with tough trade-offs as they balance concerns for society, the environment, and security in the coming years.
INDIANAPOLIS, March 8, 2023 Calumet Specialty Products Partners, L.P. (CLMT) announced today that its unrestricted subsidiary Montana Renewables, LLC launched a proposed municipal bond offering of $250 million*, subject to market conditions, of tax-exempt bonds to be issued by Cascade County, Montana.
Status enables AVG to underwrite fixed-income securities for?government-sponsored, shareholder-owned mortgage corporations MELVILLE, N.Y., March 8, 2023 /PRNewswire/ -- American Veterans Group, a social impact investment bank and Wall Street's first and only public benefit corporation, has been approved as a diversity-owned broker dealer by Freddie Mac and Fannie Mae.
WASHINGTON, March 8, 2023 Dr. Thomas J. Miller, Jr. of Mississippi State University announced the release of a new study, "Effects of Illinois' 36% Interest Rate Cap on Small-Dollar Credit Availability and Financial Well-Being" in collaboration with fellow finance experts J. Brandon Bolen of Mississippi College and Gregory Elliehausen, Board of Governors, Federal Reserve System.
ROSELAND, N.J., March 8, 2023 Private sector employment increased by 242,000 jobs in February and annual pay was up 7.2 percent year-over-year, according to the February ADP? National Employment ReportTM produced by the ADP Research Institute? in collaboration with the Stanford Digital Economy Lab.
DALLAS, March 7, 2023 ? Texas Instruments Incorporated (TXN) today announced the pricing of two series of senior unsecured notes for an aggregate principal amount of $1.4 billion. The notes consist of the following: TI expects to use the net proceeds of this offering for general corporate purposes.
TEMPE, Ariz. Nancy LeMaster, MBA, Chair of the Institute for Supply Management? Hospital Business Survey Committee: "The Hospital PMI??registered 53.5 percent in February, a 1-percentage point increase from the January reading of 52.5 percent, indicating a 33rd consecutive month of growth.
New survey from Paxos shows that 75 percent of consumers remain confident in the future of crypto NEW YORK, March 7, 2023 /PRNewswire/ --?Despite a disruptive end to 2022 within the crypto industry, a vast majority of consumers remain confident in the future of cryptocurrency and are unphased by the volatility the marketplace has experienced over the previous months.
Company launches second special purpose credit program in three months by offering new Freddie Mac program offering $3,000 to use toward a down payment for those buying in underrepresented communities DETROIT, March 7, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and part of Rocket Companies?, is the first national lender to offer Freddie Mac's BorrowSmart Access?...
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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