Cerevel Therapeutics Holdings, Inc. (CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, announced today the pricing of its previously announced private offering of $300.0 million aggregate principal amount of 2.50% convertible senior notes due 2027 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securi...
Cerevel Therapeutics Holdings, Inc. (CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, announced today the pricing of its previously announced underwritten public offering of 7,250,000 shares of its common stock at a public offering price of $35.00 per share, or approximately $253.8 million of shares of its common stock.
Food inflation is hitting developing countries twice as hard as developed countries, causing a devastating discrepancy, particularly in developing countries that already allot higher percentages of their income to food, according to Tridge, an agricultural intelligence and trading platform.
Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$750,000,000 of Fairfax?s Senior Notes due 2032 at an issue price of 99.856%. The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 5.625% per annum.
Freddie Mac today updated the tender results of its previously announced offer to purchase any and all of the STACR? Debt Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 2, 2022 and related Notice of Guaranteed Delivery dated August 2, 2022.
Freddie Mac today posted the results of its 2022 stress test for the severely adverse scenario conducted under the Federal Housing Finance Agency?s implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.22 percent. ?The 30-year fixed-rate went back up to well over five percent this week, a reminder that recent volatility remains persistent,? said Sam Khater, Freddie Mac?s Chief Economist.
Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, will meet with students and faculty for a conversation on financial inclusion August 31 during a visit to Georgia State University arranged by the?Georgia Fintech Academy?of the University System of Georgia.
With inflation reaching a 40-year high and talk of a looming recession, high school students are coming of age during one of the most challenging economies in recent history. ?The last couple of years, and this year in particular, have seen huge shifts in U.S. and world economies that will have implications for years to come,? said Julie Smitherman, director of content management at Poptential.
Cerevel Therapeutics Holdings, Inc. (CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, announced today that it has commenced a private offering of $250.0 million aggregate principal amount of convertible senior notes due 2027 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as a...
Tokio Marine HCC today announced that Fitch Ratings has affirmed the ?AA-? Insurer Financial Strength Ratings for its insurance company subsidiaries and the ?A? Long-Term Issuer Default Rating for HCC Insurance Holdings, Inc. The outlook for all of Fitch?s ratings is Stable.
C-Bond Systems (CBNT), a nanotechnology solutions company, today announced that a private school in Uvalde, TX, has placed an order for security film from Patriot Glass Solutions, a division of C-Bond Systems.
Post Holdings, Inc. (POST) today announced the pricing of its previously announced offering of the Company?s 2.50% convertible senior notes maturing in 2027 to eligible purchasers. The Notes will be unsecured, senior obligations of the Company and will be guaranteed on the issue date by the Company?s subsidiaries that guarantee the Company?s existing senior notes.
Post Holdings, Inc. (POST) today announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $400.0 million in aggregate principal amount of convertible senior notes maturing in 2027.
Consumers are less confident their 2022 holiday plans will come to fruition compared to a year ago, according to a new study from Escalent, a top human behavior and analytics advisory firm. Interest in holiday shopping, traveling and gatherings are all down compared to a year ago, despite the easing of COVID-19 restrictions.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Debt Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 2, 2022 and related Notice of Guaranteed Delivery dated August 2, 2022.
Wisconsin Power and Light Company, a wholly owned subsidiary of Alliant Energy Corporation (LNT), announced the pricing of its public offering of $600 million aggregate principal amount of 3.950% debentures.
Infinera (INFN) announced today the closing of its previously announced offering of 3.75% convertible senior notes due 2028 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 4.99 percent. ?Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth,? said Sam Khater, Freddie Mac?s Chief Economist.
The NRS retail network comprises over 16,000 convenience stores, bodegas and other independent retailers in urban neighborhoods nationwide Consumer spending at NRS retailers surged in July 2022 ? increasing 9.2% year over year and 6.5% from June NEWARK, N.J., Aug. 04, 2022 -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail...
All amounts in this press release are in U.S. dollars unless otherwise indicated. MONTR?AL, Aug. 04, 2022 -- Bombardier announced today strong financial results for the second quarter of 2022, marked by continued steady demand for new aircraft, strong aftermarket performance, robust free cash flow generation, and one of the industry?s highest backlogs.
PIMCO, one of the world?s premier fixed income investment managers, announces that Richard Clarida, former Vice Chairman of the Board of Governors of the Federal Reserve System, will rejoin PIMCO as Managing Director and Global Economic Advisor, a role similar to the one he held during his previous 12 years at PIMCO.
Freddie Mac today announced the first servicer to integrate their proprietary system with Freddie Mac?s Resolve? default management tool via an application programming interface is Mr. Cooper.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed its previously announced private placement of $45 million of 4.67% Series SS senior unsecured notes and $20 million of 5.07% Series T mandatory redeemable preferred shares.
After six months of healthy growth in multifamily fundamentals, Freddie Mac projects the pace of growth will begin to moderate through the remainder of 2022.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? debt notes listed below beginning Tuesday, August 2, 2022. Freddie Mac has engaged BofA Securities, Inc. and Wells Fargo Securities, LLC as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
The Federal Home Loan Bank of San Francisco today announced its operating results for the second quarter of 2022. The $7 million decrease in net income relative to the prior-year period was primarily attributable to a change of $5 million in other income/ and an increase of $5 million in the provision for credit losses and was partially offset by an increase in net interest income of $1 million.
Heritage Commerce Corp (HTBK), the holding company for Heritage Bank of Commerce, today announced second quarter 2022 net income of $14.8 million, or $0.24 per average diluted common share, compared to $8.8 million, or $0.15 per average diluted common share, for the second quarter of 2021, and $12.9 million, or $0.21 per average diluted common share, for the first quarter of 2022.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 4.75% and 1.25%, respectively.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a second quarter 2022 cash dividend at an annualized rate of 4.11 percent. ?FHLBank Atlanta works hard to deliver consistent value to our members through all economic cycles,? said FHLBank Atlanta Chair of the Board, Rick Whaley.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended June?30, 2022. Net income for the second quarter of 2022 was $27 million, a decrease of $29 million, compared to net income of $56 million for the second quarter of 2021.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.30 percent. ?Purchase demand continues to tumble as the cumulative impact of higher rates, elevated home prices, increased recession risk, and declining consumer confidence take a toll on homebuyers,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today reported its second quarter 2022 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, July 28, 2022, to share its results with the media. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
WOODBRIDGE, N.J., July 27, 2022 -- Northfield Bancorp (NFBK), INC.,?the holding company for Northfield Bank, reported diluted earnings per common share of $0.34 and $0.64 for the three and six months ended June?30, 2022, respectively, as compared to $0.40 and $0.78 per diluted share for the three and six months ended June?30, 2021, respectively.
Greystone affiliate, America First Multifamily Investors, L.P., today announced that it has purchased $72 million in tax-exempt and taxable mortgage revenue bonds for the acquisition of land and construction of a 200-unit seniors affordable housing property in Los Angeles.
Despite significant global economic headwinds, foreign investment continues to prove resilient in Chile. InvestChile Director Karla Flores highlighted the growth in the number of projects, which has reversed the 22% drop recorded in the first half of 2021.
June New Business Volume Down 1 Percent Year-over-year,?Up 10 Percent Month-to-month, Up 6 Percent Year-to-date The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for June was $10.3 billion, down 1 p...
Freddie Mac announced today that it plans to report its second quarter 2022 financial results before the U.S. financial markets open on Thursday, July 28, 2022. The company will hold a call at 9 a.m. Eastern Time on Thursday, July 28, 2022 to share the company?s results with the media. All materials related to the call will be available on the Investor Relations page of the company?s website.
Freddie Mac today posted to its website its Monthly Volume Summary for June 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Capital Bancorp, Inc. (CBNK), the holding company of Capital Bank, announced today that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The Company also announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Board to authorize management to repurchase its common stock.
RevoluGROUP Canada Inc. (MPSFF), is pleased to announce that the TSX Venture Exchange has approved the transaction for the Company to own the VIP Collection 182 domain names. Final TSX.V Approval of the Acquisition The Company has paid 514,446 CAD, about 396,123 USD, for the entire previously leased VIP Collection domain portfolio.
Existing Capacities & Functionality of Global Telco Webtel.mobi?s fully-operational TUV Digital Currency + CBDC equivalent mirrors all CBDC Requirements identified by the world?s foremost Macroeconomic & Financial Organizations.
Capital Product Partners L.P. (CPLP), an international owner of ocean-going vessels, today announced that its wholly owned subsidiary, CPLP Shipping Holdings PLC, has successfully priced its previously announced offering of ?100 million of unsecured bonds in Greece.
Freddie Mac announced today that Dennis Hermonstyne Jr., is joining the company as senior vice president and chief compliance officer. ?Dennis is an accomplished compliance officer with a broad experience at national and international financial services firms.
In 2017, the Alternative Reference Rates Committee, a financial industry group convened by the Federal Reserve and the New York Fed, recommended the use of the Secured Overnight Funding Rate instead of U.S. dollar LIBOR, and SOFR-based financial products began trading in financial markets in the second half of 2018.
Enact Holdings, Inc. (ACT) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that Moody?s Investors Service upgraded the insurance financial strength rating for its flagship insurance subsidiary ? Enact Mortgage Insurance Corporation - to Baa1 from Baa2, and Enact?s long-term issuer rating and senior unsecured debt rating to Ba1 from Ba2.
National Bank Holdings Corporation (NBHC) today announced it has now received all regulatory approvals from the Federal Reserve Board, the Utah Department of Financial Institutions, and the Colorado Division of Banking for the previously announced acquisition of Community Bancorporation, the holding company for Rock Canyon Bank.
Chemung Financial Corporation (CHMG), the parent company of Chemung Canal Trust Company, today reported net income of $8.0 million, or $1.72 per share, for the second quarter of 2022, compared to $6.8 million, or $1.45 per share, for the second quarter of 2021.
With the number and cost of weather and climate disasters rising, states have implemented a range of requirements and incentives aimed at mitigating the impact on properties that benefit from federal Low-Income Housing Tax Credits.
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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