* S&P SAYS SLOVAKIA OUTLOOK REVISED TO NEGATIVE FROM STABLE ON RISING ECONOMIC AND FISCAL RISKS; 'A+/A-1' RATINGS AFFIRMED. * S&P SAYS RUSSIA-UKRAINE CONFLICT WILL HAMPER SLOVAKIA'S ECONOMIC RECOVERY, PUSH UP INFLATION, AND TRIGGER PUBLIC SPENDING PRESSURE.
* S&P SAYS SOUTH AFRICA OUTLOOK REVISED TO POSITIVE ON RESILIENT EXTERNAL SECTOR; RATINGS AFFIRMED. * S&P SAYS FAVORABLE TERMS OF TRADE CONTINUE TO SUPPORT SOUTH AFRICA'S FISCAL AND EXTERNAL RECEIPTS. * S&P SAYS FLEXIBLE CURRENCY AND DEEP CAPITAL MARKETS ALONGSIDE SOUTH AFRICA'S NET EXTERNAL CREDITOR POSITION WILL HELP CUSHION THE EXTERNAL RISKS.
Moody's on Friday downgraded Ukraine's rating to "Caa3" from "Caa2" owing to increased risks to the government's debt sustainability following continued effects of Russia's invasion. The agency changed Ukraine's outlook to negative, citing uncertainty around the evolution of the war.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Asian Reinsurance Corporation. The ratings reflect Asian Re?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.
AM Best has affirmed the Financial Strength Rating of A and the Long Term Issue Credit Rating of ?a? of the U.S. operating subsidiaries of Global Indemnity Group, LLC (GBLI) [NYSE: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of Global Indemnity..
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced offering of $35.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022 to be issued under an indenture between the Issuer and the bond trustee.
Credit Suisse has received its second ratings downgrade this week, adding further pressure to the beleagured Swiss lender which has been under fire over a series of losses and scandals.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed its previously announced private placement of $45 million of 4.57% Series RR senior unsecured notes. As previously announced, the remaining funding of the $45 million of 4.67% Series SS Notes and $20 million of 5.07% Series T MRP Shares will be issued on August 2, 2022.
Carnival PLC (CUK): * CARNIVAL CORPORATION (CCL) & PLC ANNOUNCES PRICING OF $1.0 BILLION SENIOR UNSECURED NOTES DUE 2030 TO REFINANCE 2023 MATURITIES. * CARNIVAL CORP (CCL) - CARNIVAL CORPORATION HAS PRICED PRIVATE OFFERING OF $1.0 BILLION AGGREGATE PRINCIPAL AMOUNT OF 10.5% SENIOR UNSECURED NOTES DUE 2030 Source text for Eikon: Further company coverage:
MIAMI, May 18, 2022 Carnival Corporation (CCL) & plc today announced that Carnival Corporation (CCL) has priced the private offering of $1.0 billion aggregate principal amount of 10.5% senior unsecured notes due 2030.
AM Best has assigned Long-Term Issue Credit Ratings of ?a? to UnitedHealth Group Incorporated?s [NYSE: UNH] recently issued $600 million 3.7% senior unsecured notes, due 2027; $900 million 4% senior unsecured notes, due 2029; $1.5 billion 4.2% senior unsecured notes, due 2032; $2 billion 4.75% senior unsecured notes, due 2052; and $1.0 billion 4.95% senior unsecured notes, due 2062.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of National Life Insurance Company and its wholly owned subsidiary, Life Insurance Company of the Southwest.
LTC Properties, Inc. (LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it entered into a Note Purchase Agreement to issue $75 million aggregate principal amount of 3.66% senior unsecured notes.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the primary life insurance subsidiaries of Protective Live Corporation, collectively known as Protective Life.
Faster investor adoption and novel bond ETF applications driving 23% annual growth rate Despite the most challenging fixed income market in decades, BlackRock (BLK) projects that global bond exchange-traded funds assets under management will triple to $5 trillion by 2030.1 The extreme market volatility in the early days of the pandemic reinforced the versatility of bond ETFs.
The investment fraud and securities arbitration law firm of Israels & Neuman, PLC announces that it has filed a Financial Industry Regulatory Authority arbitration claim for investor losses in the GWG L Bonds. GWG L Bonds were investments in life insurance products. However, the GWG investments carried significant risk.
U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a BofA executive said on Tuesday.
U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a BofA executive said on Tuesday.
Credit Suisse Group AG's credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals. Its outlook was changed to stable from negative, the rating agency said.
Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties today announced that the Company has received an inaugural Investment Grade rating from Moody?s Investor Service of Baa3: stable outlook on its senior unsecured revolving and term loan facility.
Fortis Inc (FTS): * Fortis Inc (FTS). ANNOUNCES PRICING OF SENIOR UNSECURED NOTES. * Fortis Inc (FTS) - PRICED A PUBLIC OFFERING OF $500 MILLION 4.431% SENIOR UNSECURED NOTES DUE MAY 31, 2029 Source text for Eikon: Further company coverage:
?. Santander UK PLC. Series 66 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 16 November 2022. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,136,975.34. POOL FACTOR.
NEW YORK, May 16, 2022 Safehold Inc. (SAFE), the creator and leader of the modern ground lease industry, announced today that its operating partnership, Safehold Operating Partnership LP, has signed a definitive note purchase and private shelf agreement providing for a private placement of $150 million aggregate principal amount of 5.15% senior unsecured notes due May 13, 2052.
* S&P SAYS ISRAEL RATINGS AFFIRMED AT 'AA-/A-1+'; OUTLOOK STABLE. * S&P, ON ISRAEL, SAYS AGENCY VIEWS THE DIRECT IMPACT OF RUSSIA'S MILITARY INTERVENTION IN UKRAINE AS LIMITED FOR ISRAEL.
* S&P SAYS BURKINA FASO 'CCC+/C' RATINGS AFFIRMED; OFF WATCH ON STABILIZING POST-COUP POLITICAL ENVIRONMENT; OUTLOOK STABLE. * S&P SAYS EXPECT BURKINA FASO AND THE ECONOMIC COMMUNITY OF WEST AFRICAN STATES WILL REACH A CONSENSUS ON BURKINA FASO'S POST-COUP TRANSITION PERIOD. * S&P SAYS EXPECT BURKINA FASO'S RELATIONSHIPS WITH ITS MAIN INTERNATIONAL PARTNERS TO GRADUALLY NORMALIZE.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Republic Insurance Company Limited. The Credit Ratings reflect Republic Insurance?s balance sheet strength, which AM Best assesses as very strong as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Insurance Corporation of Barbados Limited. The ratings reflect ICBL?s balance sheet strength, which AM Best assesses as strongest as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Century Insurance Company Limited. The ratings reflect CIC Guam?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
DBRS Morningstar notes strong financials, an effective brand, and prudent capital positioning Security Benefit, a leader in the U.S. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of ?A? to Security Benefit Life Insurance Company* and First Security Benefit Life Insurance & Annuity Company of New York.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $500 million, 4.5% 10-year senior unsecured notes, due May 13, 2032, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to the Credit Rating is stable. The proceeds from this debt issuance are expected to be used for general corporate purposes.
Intercontinental Exchange (ICE), a leading global provider of data, technology and market infrastructure, announced today that it priced an underwritten public offering of $8 billion in new senior notes.
Willis Towers Watson PLC (WTW): * WTW PRICES OFFERING OF $750,000,000 OF SENIOR NOTES. * Willis Towers Watson PLC (WTW) - PRICING OF A REGISTERED OFFERING BY WILLIS NORTH AMERICA OF $750 MILLION OF 4.650% SENIOR UNSECURED NOTES DUE 2027 Source text for Eikon: Further company coverage:
Willis Towers Watson Public Limited Company, a leading global advisory, broking and solutions company, today announced the pricing of a registered offering by Willis North America Inc., an indirect wholly-owned subsidiary of the Company, of $750,000,000 aggregate principal amount of 4.650% senior unsecured notes due 2027.
NXP Semiconductors NV (NXPI): * NXP SEMICONDUCTORS ANNOUNCES PRICING OF SENIOR UNSECURED NOTES OFFERING. * NXP SEMICONDUCTORS (NXPI) - PRICING OF OFFERING BY UNITS OF $500 MILLION OF 4.400% SENIOR UNSECURED NOTES DUE 2027, $1,000 MILLION OF 5.000% SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:
NXP Semiconductors N.V. (NXPI) announced today the pricing of an offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. of $500 million aggregate principal amount of 4.400% senior unsecured notes due 2027 and $1,000 million aggregate principal amount of 5.000% senior unsecured notes due 2033.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Reunion Re Compa?ia de Reaseguros S.A.. The outlook of these Credit Ratings is negative.
?. Santander UK PLC. Series 66 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 16 November 2022. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,136,975.34. POOL FACTOR.
Outflows continue with the Investment Company Institute reporting $6.167 billion pulled from muni bond mutual funds in the week ending May 4, up from $5.371 billion of outflows in the previous week.?
SMBX?s community-focused small business marketplace is fueling growth for Innovative Recordings, LLC and Triune Solutions?. Residents can invest in the businesses by purchasing Small Business Bonds? on the SMBX Marketplace Innovative Recordings, LLC and Triune Solutions are the latest businesses giving local residents the opportunity to invest directly in them through the DC Rebuild Bond program.
Equitable Holdings, Inc. (EQH) announced today that Moody?s Investor Services has upgraded the senior unsecured debt rating of Equitable Holdings, Inc. (EQH) to Baa1 from Baa2 and the insurance financial strength ratings of its life insurance subsidiaries to A1 from A2. See Moody?s announcement for further information.
CHARLOTTE, N.C., May 11, 2022 /PRNewswire/?-- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, today announced the pricing of an underwritten public offering of senior notes consisting of: Albemarle's general senior unsecured obligations.
Guotai Junan International Holdings Limited announced that the Company has successfully assisted Orient Securities Company Limited in issuing the world?s first Euro-denominated Yulan Bond on May 5, 2022. This press release features multimedia.
PG&E Corp (PCG): * PG&E Corp (PCG) - ON MAY 10, 2022, PG&E WILDFIRE RECOVERY FUNDING ISSUED $3.6 BILLION OF SENIOR SECURED RECOVERY BONDS, SERIES 2022-A Source text for Eikon: [https://bit.ly/3l0n0ig] Further company coverage:
Desktop Metal, Inc. (DM) today announced the pricing of its offering of $100,000,000 aggregate principal amount of 6.0% convertible senior notes due 2027 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.
ASML (ASML) successfully places inaugural green bond offering for ?500 million Veldhoven, the Netherlands, May 10, 2022 ? ASML Holding NV (ASML) today announces that it has successfully placed its inaugural green bond offering of senior notes for a principal amount of ?500 million.
Desktop Metal, Inc. (DM) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2027 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.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. has assigned Hercules an investment grade credit and corporate rating of BBB- with a stable outlook.
Multilateral Trading Facility goes live with institutional clients Onboarding majority of top tier sell-side firms and 30+ major asset managers Digital market powered by Distributed Ledger Technology gives clients greater liquidity insight and full data control LONDON & NEW YORK---- LedgerEdge, the next-generation ecosystem for trading, announced that it is live with the first regulated corpora...
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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