News Results

  1. S&P to lower ratings start point for Mexican non-bank financial institutions
    Reuters | 05:54 PM EDT

    S&P Global Ratings will lower its ratings starting point for Mexican non-bank financial institutions to BB-minus from BB, citing financing risks, the ratings agency said on Tuesday. The situation for the institutions is becoming "more difficult" after the announcement last week that Mexican leasing firm Unifin would miss principal and interest payments, S&P said.

  2. Fairfax Completes US$750 Million Senior Notes Offering
    GlobeNewswire | 05:05 PM EDT

    Fairfax Financial Holdings Limited (FRFHF) has completed its previously announced offering of US$750 million in aggregate principal amount of 5.625% Senior Notes due 2032. Fairfax intends to use substantially all of the net proceeds of this offering to purchase a portion of the non-controlling interests in Allied World Assurance Company Holdings, Ltd, and use any remainder for general corporate purposes.

  3. AM Best Downgrades Credit Ratings of Bankers Insurance Group?s Members
    Business Wire | 01:17 PM EDT

    AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Ratings to ?bbb-? from ?bbb? of the members of Bankers Insurance Group. The ratings reflect Bankers? balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

  4. BondNav? Adds New Issue Asset Classes to Give Advisors Greater Opportunity
    Business Wire | 09:10 AM EDT

    Expanded offerings include new issue CDs, Rate-Linked Notes, and InterNotes corporate debt InspereX, the technology company transforming how fixed income and market-linked products are accessed, evaluated, and traded, announced today that BondNav?, the firm?s pioneering fixed income data aggregation technology, is adding new issue offerings for brokered certificates of deposit, select rate-link...

  5. BRIEF-Ameren Illinois Announces Pricing Of First Mortgage Bonds Due 2032
    Reuters | 08/15/22 05:52 PM EDT

    Ameren Corp (AEE): * AMEREN ILLINOIS ANNOUNCES PRICING OF FIRST MORTGAGE BONDS DUE 2032. * Ameren Corp (AEE) - UNIT OF CO ANNOUNCED PRICING OF PUBLIC OFFERING OF $500 MILLION 3.85% FIRST MORTGAGE BONDS DUE 2032 AT 99.827% OF THEIR PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:

  6. Ameren Illinois Announces Pricing of First Mortgage Bonds due 2032
    PR Newswire | 08/15/22 05:49 PM EDT

    ST. LOUIS, Aug. 15, 2022 Ameren Illinois Company, a subsidiary of Ameren Corporation (AEE), announced today the pricing of a public offering of $500 million aggregate principal amount of 3.85% first mortgage bonds due 2032 at 99.827% of their principal amount.

  7. BRIEF-Agree Realty Announces Pricing Of $300 Mln Of 4.800% Senior Unsecured Notes Due 2032
    Reuters | 08/15/22 05:10 PM EDT

    Agree Realty Corp (ADC): * AGREE REALTY ANNOUNCES PRICING OF $300 MILLION OF 4.800% SENIOR UNSECURED NOTES DUE 2032. * Agree Realty Corp (ADC) - AGREE LIMITED PARTNERSHIP PRICED A PUBLIC OFFERING OF $300 MILLION OF 4.800% SENIOR UNSECURED NOTES DUE 2032.

  8. Darling Ingredients Inc. Announces Pricing of Private Offering of $250.0 Million of Unsecured Senior Notes due 2030
    PR Newswire | 08/15/22 05:01 PM EDT

    IRVING, Texas, Aug. 15, 2022 Darling Ingredients Inc. (DAR) today announced the pricing of its private offering of $250.0 million aggregate principal amount of its 6% unsecured senior notes due 2030. the United States to persons reasonably believed to be "qualified institutional buyers" in reliance on Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non?U.S. ...

  9. BRIEF-Royal Caribbean Group Announces Upsizing And Pricing Of $1,250,000,000 Senior Unsecured Notes To Refinance Near Term Debt Maturities
    Reuters | 08/15/22 04:53 PM EDT

    Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES UPSIZING AND PRICING OF $1,250,000,000 SENIOR UNSECURED NOTES TO REFINANCE NEAR TERM DEBT MATURITIES. * ROYAL CARIBBEAN GROUP - PRICED PRIVATE OFFERING OF $1.25 BILLION OF 11.625% SENIOR UNSECURED NOTES DUE 2027. * ROYAL CARIBBEAN GROUP - NOTES WILL MATURE ON AUGUST 15, 2027 Source text for Eikon: Further company coverage:

  10. Royal Caribbean Group announces upsizing and pricing of $1,250,000,000 senior unsecured notes to refinance near term debt maturities
    PR Newswire | 08/15/22 04:52 PM EDT

    MIAMI, Aug. 15, 2022 Royal Caribbean Group today announced that it has priced its private offering of $1,250,000,000 aggregate principal amount of 11.625% senior unsecured notes due 2027. The Company intends to use the proceeds from the sale of the Notes to repay principal payments on debt maturing in 2022 and/or 2023.

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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