News Results

  1. Claranova: Pursuing Debt Reduction
    Business Wire | 02:00 AM EDT

    Reimbursement of Euro PP bond for almost ?20m Regulatory News: Claranova announces that on Friday, May 24, it reimbursed the holders of the Euro PP bond for a total amount of ?19.7m, thus continuing to reduce its debt. In accordance with its commitments, the Group is pursuing the strengthening of its financial structure and the improvement of its operational flexibility.

  2. BRIEF-S&P Says Bahrain 'B+/B' Ratings Affirmed; Outlook Remains Stable
    Reuters | 05/24/24 04:10 PM EDT

    * S&P SAYS BAHRAIN 'B+/B' RATINGS AFFIRMED; OUTLOOK REMAINS STABLE.

  3. Alibaba To Raise $4.5B Through Convertible Bonds For Share Buybacks Amid Fierce Competition, Slow Recovery
    Benzinga | 05/24/24 02:36 AM EDT

    In a bid to fund share repurchases, Alibaba Group Holding Ltd (BABA) has announced a $4.5 billion convertible bond issue. What Happened: Alibaba (BABA) plans to issue convertible senior notes maturing in seven years with a coupon of 0.5%, reported The Wall Street Journal.

  4. Bloom Energy Corporation Prices Upsized $350.0 Million Green Convertible Senior Notes Offering
    Business Wire | 05/24/24 01:11 AM EDT

    Bloom Energy Corporation (BE) today announced the pricing of its offering of $350.0 million aggregate principal amount of 3.00% green convertible senior notes due 2029 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.

  5. Alibaba Group Prices US$4,500 Million Offering of Convertible Senior Notes
    Business Wire | 05/23/24 08:09 PM EDT

    Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the pricing of its private offering of US$4,500 million aggregate principal amount of 0.50% Convertible Senior Notes due 2031 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and to ...

  6. BRIEF-Moody's Ratings Upgrades El Salvador's Ratings To Caa1 From Caa3, Maintains Stable Outlook
    Reuters | 05/23/24 04:39 PM EDT

    Moody's: * MOODY'S RATINGS UPGRADES EL SALVADOR'S RATINGS TO CAA1 FROM CAA3; MAINTAINS STABLE OUTLOOK. * MOODY'S: UPGRADE DRIVEN BY MATERIAL DECREASE IN CREDIT RISKS FOR EL SALVADOR GIVEN LOWER LIKELIHOOD OF LIQUIDITY STRESS EPISODES. * MOODY'S: EL SALVADOR'S FOREIGN-CURRENCY CEILING WAS RAISED TO B2 FROM CAA1 Source text for Eikon:

  7. Office Properties Income Trust Announces Additional Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
    Business Wire | 05/23/24 04:15 PM EDT

    Office Properties Income Trust (OPI) today announced certain amendments to its previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2025, 2026, 2027 and 2031 for new 9.000% Senior Secured Notes due 2029 and related guarantees pursuant to the terms and conditions set forth in an offering memorandum, dated as of May 1, 2024, as previously amended by OPI?s ...

  8. AM Best Affirms Credit Ratings of CESCE M?xico, S.A. de C.V. and CESCE Fianzas M?xico, S.A. de C.V.
    Business Wire | 05/23/24 03:34 PM EDT

    AM Best affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Ratings of ?bbb? and the Mexico National Scale Rating of ?aa.MX? of CESCE M?xico, S.A. de C.V. and its affiliate, CESCE Fianzas M?xico, S.A. de C.V.. The outlook of these Credit Ratings is stable.

  9. Boeing's cash flow situation is worse than expectations, S&P analyst says
    Reuters | 05/23/24 03:20 PM EDT

    - Boeing's (BA) cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024. Boeing (BA) currently has a BBB- rating from S&P, one level above "junk" status, with a negative credit rating outlook.

  10. Boeing's cash flow situation is worse than expectations, S&P analyst says
    Reuters | 05/23/24 03:17 PM EDT

    Boeing's (BA) cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024. Boeing (BA) currently has a BBB- rating from S&P, one level above "junk" status, with a negative credit rating outlook.

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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