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.
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.
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.
Bondholders of the Puerto Rico Electric Power Authority, including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation, today issued the following statement: ?On November 13, the United States Court of Appeals for the First Circuit confirmed its June 12 ruling that PREPA?s $8 billion plus of revenue bonds are secured by a properly perfected ...
Valon Mortgage today announced that it has received approval as a Ginnie Mae Issuer, marking a significant milestone in the company?s journey. With its prior approvals from Fannie Mae, Freddie Mac, FHA, VA, and USDA, Valon is now positioned to expand its capabilities and build a comprehensive solution for the entire mortgage market.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced a proposed offering by way of a private placement of a total of $750.0 million aggregate principal amount of its Senior Notes due 2033.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% convertible senior notes due 2031 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.
Cencora, Inc. (COR) today announced that it priced $500 million aggregate principal amount of its 4.625% Senior Notes due December 15, 2027, $600 million aggregate principal amount of its 4.850% Senior Notes due December 15, 2029 and $700 million aggregate principal amount of its 5.150% Senior Notes due February 15, 2035, in an underwritten registered public offering.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the November 2024 servicer reporting period. In November, CMBS loans totaling $2.1 billion were newly added to the distress rate, of which 51.4% were due to imminent or actual maturity default.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. indie ex...
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K167 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-167. The underlying transaction is collateralized by 48 fixed-rate multifamily mortgage loans.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the month of December 2024. Portfolio and municipal market commentary will be published on or around December 2, 2024 and can be retrieved here.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securitie...
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the completion of an offering, on November 26, 2024, of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% n...
The Chemours Company (CC) today announced it completed its previously announced private offering of $600,000,000 in aggregate principal amount of 8.000% senior unsecured notes due 2033 that was exempt from the registration requirements of the Securities Act of 1933, as amended.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating to ?a? from ?a+? and affirmed the Financial Strength Rating of A of American National Insurance Company and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Arab War Risks Insurance Syndicate. The ratings reflect AWRIS? balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of AzRe Reinsurance, OJSC. The ratings reflect AzRe?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of Group Ark Insurance Limited.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to CTBC Insurance Company Limited. The ratings reflect CTBC Insurance?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
November 27, 2024-- ITT Inc. (ITT) today announced that Moody?s Ratings upgraded the company?s rating to Baa1 from Baa2. In its press release, Moody?s noted the ratings upgrade reflects its expectation that ITT will sustain improvements in profitability and cash generation and continue its well-balanced financial policy over the next several years.
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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