Alcoa Corporation (AA) announced today that Alumina Pty Ltd, a wholly-owned subsidiary of Alcoa (AA), closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032.
Alcoa Corporation (AA) announces the expiration and expiration date results of its previously announced offer to purchase for cash any and all outstanding 5.500% senior unsecured notes due 2027 issued by Alcoa Nederland Holding B.V., fully guaranteed on an unsecured basis by Alcoa (AA) and certain of its subsidiaries, and the early results of its previously announced offer to purchase for cash outstandi...
Global ratings agency Moody's on Monday downgraded Volkswagen by one notch to Baa1 from A3, citing sector headwinds, structural challenges, ongoing need for investment and fierce competition in China.
Fitch Ratings has affirmed Poland's long-term foreign-currency issuer default rating at 'A-' with a stable outlook, the agency said late on Friday. The agency forecasts average inflation of 4.5% in 2025, and 3.7% in 2026, it said. Given the inflation outlook Fitch expects two 25 basis points interest rate cuts in the second half of 2025 and four 25 basis points cuts in 2026.
RiverNorth Capital Management, LLC, an investment manager and closed-end fund expert specializing in opportunistic strategies, announced that the RiverNorth/Oaktree High Income Fund won the 2025 LSEG Lipper Fund Award for Best General Bond Fund for the five-year period ended November 30, 2024.
Alcoa Corp (AA): * Alcoa Corp (AA): CONSIDERATION FOR CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 5.500% SENIOR UNSECURED NOTES DUE 2027 Source text: Further company coverage: ;))
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of National Security Fire and Casualty Company.
Alcoa Corporation (AA) announces the consideration to purchase for cash any and all of the outstanding 5.500% senior unsecured notes due 2027 issued by Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa (AA), fully guaranteed by Alcoa.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Energas Insurance Limited. The ratings reflect ENERGAS? balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
PITTSBURGH, March 14, 2025 /PRNewswire/ -- Federated Hermes (FHI), a global leader in active investing, today announced that Federated Hermes?MDT Mid Cap Growth Fund, Federated Hermes MDT All Cap Core Fund, Federated Hermes Conservative Municipal Microshort Fund and Federated Hermes Corporate Bond Strategy Portfolio were recognized by the 2025 LSEG Lipper Fund Awards for consistently strong risk-adju...
BMAX is a New ETF Offering Investors First-of-Its-Kind Access to Convertible Bonds Utilized for Companies Adding Bitcoin to Balance Sheet REX Shares, a leader in exchange-traded products, announces the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF, a first-of-its-kind fund that provides exposure to convertible bonds issued by companies actively incorporating Bitcoin into the...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the life insurance subsidiaries of Western & Southern Financial Group, Inc.. The WSFG subsidiaries included in this rating unit are The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Integrity Life Insurance Company, ...
China-based data center operator VNET Group (VNET) on Thursday raised $430 million in convertible bonds for investing in the wholesale internet data center projects under the current booming artificial intelligence space. Under the offering, the initial conversion price of $13.75 per American depositary share represents a 25% premium to the stock's last close.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Berkshire Hathaway Homestate Insurance Company and its five property/casualty affiliates.
Fitch: * FITCH UPGRADES SPIRIT AIRLINES TO 'CCC+'; ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3' * FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM. * FITCH: BELIEVES SPIRIT AIRLINES LEVERAGE WILL REMAIN CONSTRAINT ON RATING AT LEAST THROUGH 2026. * FITCH: SEES SPIRIT'S LIQUIDITY PRESSURE COULD ARISE BEYOND 2025 IF CO'S PROJECTED PROFIT IMPROVEMENTS FAIL TO MATERIALIZE.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company and United World Life Insurance Company.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $750 million, 5.2% senior unsecured medium-term notes, due 2035, issued by Prudential Financial, Inc. (PRU) [NYSE: PRU]. The outlook assigned to this Credit Rating is stable.
- EquiLend, a fintech at the heart of securities lending on Wall Street, said on Thursday it has secured a minority investment from an affiliate of U.S. banking giant BNY. The securities lending industry enables investors to borrow and lend stocks, bonds and other assets to facilitate liquidity management and trading strategies.
EquiLend, a fintech at the heart of securities lending on Wall Street, said on Thursday it has secured a minority investment from an affiliate of U.S. banking giant BNY. The securities lending industry enables investors to borrow and lend stocks, bonds and other assets to facilitate liquidity management and trading strategies.
A10 Networks, Inc. (ATEN) today announced the pricing on March 12, 2025 of its offering of $200,000,000 aggregate principal amount of 2.75% convertible senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.
The European Union's plan to ramp up defence spending would lower the EU's rating headroom due to added debt, but would not by itself lead to a downgrade of the issuer's sought-after AAA credit rating, Fitch Ratings said on Thursday.
ZURICH, March 13, 2025 ?Amcor (AMCCF) plc announced today that Amcor Flexibles North America, Inc., a wholly-owned subsidiary of Amcor (AMCCF), has priced a private offering of guaranteed senior notes in an aggregate principal amount of $2.2 billion.
Farminveste SGPS SA: * SAID ON WEDNESDAY, APPROVES ADDENDUM TO PROSPECTUS OF ITS PUBLIC OFFER FOR BOND LOAN 2025-2029 OF UP TO 8 MILLION BONDS FOR UP TO 40 MILLION EUROS. * BOND LOAN THROUGH CASH SUBSCRIPTION OFFER AND TWO GENERAL EXCHANGE OFFERS OF BONDS CONVERTIBLE INTO CATEGORY B SHARES. * ADDENDUM ESTABLISHES ENDING PERIOD OF OFFERS ON MARCH 17 INSTEAD OF MARCH 14 PREVIOUSLY.
PARSIPPANY, N.J., March 12, 2025 PBF Energy Inc. (PBF) today announced that its indirect subsidiary, PBF Holding Company LLC, priced $800 million in aggregate principal amount of 9.875% senior notes due 2030 at an issue price of 98.563% in a private offering.
Stock Market SymbolsGIB.AGIBcgi.com/newsroom. MONTR?AL, March 12, 2025 CGI announced today that it has priced an offering of senior unsecured notes. The net proceeds from the offering are expected to be approximately US$641.3 million after deducting the initial purchasers' fees and estimated offering expenses.
AM Best has affirmed the Long-Term Issuer Credit Ratings of ?a? and the Long- and Short-Term Issuer Credit Ratings of UnitedHealth Group Incorporated (UNH) [NYSE: UNH]. Concurrently, AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term ICRs of ?aa-? of the health and dental insurance subsidiaries of UnitedHealth Group (UNH), collectively referred to as UnitedHealthcare.
A10 Networks, Inc. (ATEN) today announced its intention to offer, subject to market conditions and other factors, $200,000,000 aggregate principal amount of convertible senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under th...
A city-created corporation plans to issue bonds for the mass transit project, paid off with a voter-approved hike in the maintenance and operations property tax.
Regulatory News: Legrand today completed a fixed-rate bond issue for an amount of ?500 million with a 10-year maturity and an annual coupon of 3.625%. This operation raises the average maturity of bond debt to 5.7 years, with the next repayment date set for March 6, 2026 for an amount of ?400 million.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York.
Falabella SA: * FALABELLA ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 3.750% NOTES DUE 2027 Further company coverage:
The yield spreads between corporate bonds and U.S. Treasuries widened late on Tuesday to their widest level since September, pointing to mounting investor worries about recession and a global trade war. U.S. investment-grade bond spreads hit 94 basis points on Tuesday, their widest level since Sept. 18, according to the ICE BofA Corporate Index.
ARLINGTON,?Va., March 12, 2025 The?AES Corporation (AES) announced today its intention to offer, subject to market and other conditions, senior notes in a registered public offering.
PARSIPPANY, N.J., March 12, 2025 PBF Energy Inc. (PBF) today announced that its indirect subsidiary, PBF Holding Company LLC, intends to offer, subject to market and other conditions, $750 million in aggregate principal amount of senior notes due 2030 in a private offering.
BEIJING, March 12, 2025 Baidu, Inc. (BIDU) (NASDAQ: BIDU and HKEX: 9888 and 89888) (), a leading AI company with strong Internet foundation, today announced the completion of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes. The Notes Offering consists of CNY7.5 billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035.
BEIJING, March 12, 2025 Baidu, Inc. (BIDU) (NASDAQ: BIDU and HKEX: 9888 and 89888) (), a leading AI company with strong Internet foundation,?today announced the completion of its US$2?billion in aggregate principal amount of exchangeable bonds due 2032?. The Bonds were sold?in offshore transactions outside?the United States?to certain non-U.S. persons in reliance on Regulation S under the United States S...
Gildan Activewear Inc. (GIL) announced today that it has priced an offering of C$700 million aggregate principal amount of senior unsecured notes in three series, consisting of C$150?million aggregate principal amount of floating rate senior unsecured notes, Series 3, due March?13, 2028, C$200?million aggregate principal amount of 3.630% senior unsecured notes, Series 4, due March?13, 2028 and C$350 ...
Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.22%. * RIO TINTO: Rio Tinto will raise $9 billion in U.S. investment-grade bonds as it seeks to fund its recently-closed buyout of Arcadium Lithium, the miner said. * DRAX (DRXGF): British power group DRAX (DRXGF) said it has secured agreements to provide.
Booz Allen Hamilton Holding Corporation (BAH) announced that its wholly-owned subsidiary, Booz Allen Hamilton Inc., has priced $650 million aggregate principal amount of its 5.950% Senior Notes due 2035. The Issuer intends to use the net proceeds of this offering for general corporate purposes and to repay short-term borrowings outstanding under the Revolving Credit Facility.
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $650.0 million and $350.0 million, respectively. The net proceeds of the offering are expected to be approximately $988.9 million, after deducting underwriting discounts and estimated offering expenses.
AM Best has affirmed the Financial Strength Rating of A++, the Long-Term Issuer Credit Rating of ?aa+? and the Mexico National Scale Rating of ?aaa.MX? of Seguros Monterrey New York Life, S.A. de C.V.. The outlook of these Credit Ratings is stable.
FITCH: * FITCH: SEES BOEING'S OPERATIONAL EXECUTION, PROFITABILITY IMPROVEMENT, BALANCE SHEET MANAGEMENT AS MAIN DRIVERS FOR ITS RATING OVER NEXT 2 YEARS. * FITCH: BELIEVES BOEING'S INITIAL POST-STRIKE OPERATIONAL PROGRESS PAVES WAY TO PRODUCE 38 UNITS PER MONTH IN 3Q25. * FITCH - MORE IMMINENT CHALLENGE FACED BY BOEING'S DEFENSE, SPACE & SECURITY SEGMENT IS ITS LOSS-MAKING LEGACY CONTRACTS.
Ardagh Metal Packaging SA (AMBP): * ARDAGH METAL PACKAGING (AMBP): ARDAGH GROUP IN NEGOTIATIONS WITH SOME SENIOR SECURED NOTES & SENIOR UNSECURED NOTES HOLDERS. * ARDAGH METAL PACKAGING (AMBP): AGSA PROPOSAL & SUN HOLDERS' COUNTERPROPOSAL INCLUDE POTENTIAL DIVESTMENT BY AGSA OF ITS AMPSA INTERESTS TONEW BIDCO Source text: Further company coverage:
LUXEMBOURG, March 11, 2025 Ardagh Group S.A., the controlling shareholder of Ardagh Metal Packaging S.A., which indirectly owns approximately 76% of the Company's outstanding ordinary shares and all of the Company's outstanding preferred shares, is engaging in negotiations with certain holders of its senior secured notes and certain holders of its senior unsecured notes.
LUXEMBOURG, March 11, 2025 Ardagh Group S.A. has today provided an update in connection with its capital structure review and its recent discussions with certain of the Group's noteholders, comprising a?group owning a majority of the Group's Senior Unsecured Notes, and a group owning a majority of the Group's Senior Secured Notes.
LUXEMBOURG, March 11, 2025 Ardagh Group S.A. is engaging in negotiations with certain holders of its Senior Secured Notes and Senior Unsecured Notes who comprise two separate ad hoc groups of AGSA's debt.
Exchange Settlement Date Scheduled for March 12, 2025 Office Properties Income Trust (OPI) today announced the final results for the previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 and related guarantees pursuant to the terms and conditions set forth in an Offerin...
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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